The Bank Of Kentucky, Inc Provides SBA Loan to Buy Skyline Chili Franchise

Need money to buy a Skyline Chili franchise? The Bank Of Kentucky, Inc has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Alexandria, Kentucky needed money to invest in a Skyline Chili franchise back in 2005. The Bank Of Kentucky, Inc issued an SBA franchise loan. Here are the details on this Kentucky small business loan.

SBA Loan Borrower

SKYLINE CHILI
ALEXANDRIA, KY 41001

SBA Loan Lender

THE BANK OF KENTUCKY, INC
111 LOOKOUT FARM DR
CRESTVIEW HILLS, KY 41017

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

5/25/2005

Loan Approval Gross Amount

$331,000

Loan Approval from the SBA

Of the total $331,000 loan amount, the SBA guaranteed $248,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Skyline Chili franchise. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $331,000. How would you spend $331,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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