SBA lending record
Petro's Chili & Chips
10725 US 15 501 HWY, Southern Pines, NC 28387 · Full-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$489K
Total SBA financing
1
Loan on record
FY2020
On record
27
Jobs supported
Franchise brand
Petro's Chili & Chips
See Petro's Chili & Chips's SBA financing data — typical deal, failure rate, and how its loans perform →
● business — business location is the ZIP-area centroid from the public record
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The loan
$489,000 — FY2020
- Gross approval
- $489,000
- SBA guaranteed
- $366,750 (75%)
- Status
- Past due
- Rate at approval
- 7% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 2/7/2020
- First disbursement
- 2/24/2020
- Days to fund
- 17 days
- Collateral
- Required
- Sold on secondary market
- Yes
The lender
Agent summary
This page summarizes the public SBA 7(a) lending record for Petro's Chili & Chips in Southern Pines, NC (Full-Service Restaurants). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 1 SBA 7(a) loan totaling $489K
- On record FY2020
- 27 jobs supported
- Industry: Full-Service Restaurants
- Location: Southern Pines, NC
- Lender: Pinnacle Bank
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
- Sources & methodology
Is Petro's Chili & Chips your business?
This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Petro's Chili & Chips.