Bedford, OH Entrepreneur Gets SBA Loan to Buy Line-X Franchise
Borrowing money to invest in a Line-X franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Bedford, Ohio needed money to invest in a Line-X franchise back in 2005. Rbs Citizens issued an SBA franchise loan. Here are the details on this Ohio small business loan.
SBA Loan Borrower
CREATIVE TECH COATINGS, LLC DB
BEDFORD, OH 44146
SBA Loan Lender
RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
441310 - Automotive Parts and Accessories Stores
Loan Approval Date
4/29/2005
Loan Approval Gross Amount
$2,000
Loan Approval from the SBA
Of the total $2,000 loan amount, the SBA guaranteed $1,000.
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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you need business start up money in Bedford OH, you ought to talk with a local Bedford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bedford businesses.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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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