Borrow Money to Buy a Skyline Chili Franchise

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

An entrepreneur in Muncie, Indiana needed money to invest in a Skyline Chili franchise back in 2005. First Merchants Bank issued an SBA franchise loan. Here are the details on this Indiana small business loan.

SBA Loan Borrower

SKYLINE OF INDIANA, INC.
MUNCIE, IN 47305

SBA Loan Lender

FIRST MERCHANTS BANK
200 E JACKSON ST
MUNCIE, IN 47305

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

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

4/29/2005

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

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 77 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.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Muncie or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

Borrowing Money from Friends and Family

SBA Approved Banks in Muncie, Indiana

Where to Get an SBA Loan Indiana