First Finan Bank Provides SBA Loan to Buy Gold Star Chili Franchise

Need money to invest in a Gold Star Chili franchise? First Finan Bank has a history of making these loans and they are guaranteed by the SBA.

Gold Star Chili franchise loans are available to Maysville, Kentucky entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Finan Bank, based in Hamilton, Ohio, issued an SBA franchise loan for a Gold Star Chili franchise in 2006. We've got all the details on this Kentucky small business loan.

SBA Loan Borrower

GOLD STAR CHILL
MAYSVILLE, KY 45226

SBA Loan Lender

FIRST FINAN BANK
300 HIGH ST
HAMILTON, OH 45012

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/21/2006

Loan Approval Gross Amount

$1,050,100

Loan Approval from the SBA

Of the total $1,050,100 loan amount, the SBA guaranteed $787,575.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Gold Star Chili franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

This SBA loan was for $1,050,100. How would you spend $1,050,100 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Gold Star Chili, Inc.

Business Incubators

Who Lends Money to Small Businesses in Hamilton, Ohio

Ohio SBA Banks