Alliance, NE Entrepreneur Gets SBA Loan to Buy Line-X Franchise

Need money to invest in a Line-X franchise? First National Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Line-X franchise shouldn't be too tough. In 2001, First National Bank issued an SBA franchise loan to an entrepreneur in Alliance, Nebraska. Because Line-X was registered with the SBA's registry of franchises, this Nebraska small business loan was issued on an expedited basis.

SBA Loan Borrower

BLUFF'S LINE X, LLC
ALLIANCE, NE 69301

SBA Loan Lender

FIRST NATIONAL BANK
1926 BROADWAY
SCOTTSBLUFF, NE 69361

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5531 - Auto and Home Supply Stores

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

3/26/2001

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Line-X franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source

This SBA loan was for $45,000. How would you spend $45,000 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:

Line-X Corp.

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Where to Get an SBA Loan in Scottsbluff, Nebraska

SBA Lenders in Nebraska