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May 3, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Muncie, Business Loans > First Merchants Bank Muncie Business Loans > Skyline Of Indiana, Inc. Loan | ||||
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Business Loans for Muncie Business Owners
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Borrow Money to Buy a Skyline Chili FranchiseNeed 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. SBA Loan Lender FIRST MERCHANTS BANK 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: Borrowing Money from Friends and Family SBA Approved Banks in Muncie, Indiana Where to Get an SBA Loan Indiana
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