Borrow Money to Buy a Skyline Chili Franchise

Need money to buy a Skyline Chili franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Skyline Chili franchise? If so, here's a 2005 SBA franchise loan that you should know about. Jpmorgan Chase Bank was the lender and the entrepreneur was based in Dayton, Ohio.

SBA Loan Borrower

SKYLINE CHILI
DAYTON, OH 45439

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/22/2005

Loan Approval Gross Amount

$927,400

Loan Approval from the SBA

Of the total $927,400 loan amount, the SBA guaranteed $695,550.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Skyline Chili franchise. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the loan would help generate 24 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Jpmorgan Chase Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

Related Links:

Skyline Chili, Inc.

SBIR Funding

SBA Banks in Houston, Texas

Where to Get an SBA Loan Texas