Josef's Vienna Bakery & Cafe
Josef's Vienna Bakery & Cafe in Reno, NV is a full-service restaurant (NAICS 722511). It financed real estate or equipment through an SBA 504 loan of $1,508,000, approved on September 18, 2024, with Zions Bancorporation, National Association as the bank and Nevada State Development Corporation as the certified development company.
SBA 504 loan, approved Sep 18, 2024
$1,508,000 SBA portionCDC: Nevada State Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,508,000
- Bank portion
- $1,840,106
- Estimated project size
- $3,720,118 (estimated)
- Estimated owner equity
- $372,012 (estimated, about 10% of the project)
- Bank lender
- Zions Bancorporation, National Association, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 18, 2049 (estimated, approval date plus term)
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Washoe County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 50% of expansion loans in Full-Service Restaurants on this site.
- Average expansion loan in Full-Service Restaurants: $1,813,082.
- Average expansion loan in Nevada: $2,098,935.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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