Loan to Buy Skyline Chili Franchise Issued By General Electric Evendale Empl

Need a loan to buy a Skyline Chili franchise? General Electric Evendale Empl has a history of making these loans and they are guaranteed by the SBA.

If you live near Springfield, 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 General Electric Evendale Empl. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SKYLINE CHILI OF SPRINGFIELD
SPRINGFIELD, OH 45501

SBA Loan Lender

GENERAL ELECTRIC EVENDALE EMPL
10485 READING RD
CINCINNATI, OH 45241

This 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

12/12/2005

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 35 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Startup Funding Tip

Small Business Banks in Cincinnati, Ohio

Ohio SBA 7A Lenders