Ohio Entrepreneur Secures Financing to Buy Gold Star Chili Franchise

Borrowing money to buy a Gold Star Chili franchise? Jpmorgan Chase Bank has a history of making these loans and they are guaranteed by the SBA.

Gold Star Chili franchise loans are available to Monroe, Ohio entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Jpmorgan Chase Bank, based in Houston, Texas, issued an SBA franchise loan for a Gold Star Chili franchise in 2000. We've got all the details on this Ohio small business loan.

SBA Loan Borrower

GOLD STAR CHILI
MONROE, OH 45050

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

This SBA small business 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

722110 - Full-Service Restaurants

Loan Approval Date

3/2/2000

Loan Approval Gross Amount

$437,400

Loan Approval from the SBA

Of the total $437,400 loan amount, the SBA guaranteed $328,050.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your 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.

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:

Gold Star Chili, Inc.

Business Credit Evaluation

Banks in Houston, Texas

Where to Get an SBA Loan Texas