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November 21, 2024 |
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| Home > Small Business Lenders by State > Ohio Business Loan Sources > Los Angeles, Business Loans > Center Bank Los Angeles Business Loans > Dixie Sky Investments LLC Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Ohio Entrepreneur Secures Financing to Buy Skyline Chili FranchiseNeed a loan to invest in a Skyline Chili franchise? Center Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Fairfield, Ohio and are interested in buying a Skyline Chili franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by Center Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower DIXIE SKY INVESTMENTS LLC SBA Loan Lender CENTER BANK This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 8/15/2005 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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 10 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Center Bank and they will explain how you can get an SBA loan for your company. 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: Banking Deregulation's Effects on Entrepreneurship SBA Banks in Los Angeles, California
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