Borrow Money to Buy a Skyline Chili Franchise

Need a loan to purchase a Skyline Chili franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA.

Skyline Chili franchise loans are available to Hamilton, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Fifth Third Bank, based in Cincinnati, Ohio, issued an SBA franchise loan for a Skyline Chili franchise in 2001. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

SKYLINE CHILI
HAMILTON, OH 45011

SBA Loan Lender

FIFTH THIRD BANK
38 FOUNTAIN SQ PLZ
CINCINNATI, OH 45263

This business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a deep knowledge SBA lending rules and regulations.

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

9/7/2001

Loan Approval Gross Amount

$272,000

Loan Approval from the SBA

Of the total $272,000 loan amount, the SBA guaranteed $204,000.

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 15 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Fifth Third Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

A Company That Helps Entrepreneurs

Find an SBA Lender in Cincinnati, Ohio

SBA Ohio Banks