Bank Of The Cascades Provides SBA Loan to Buy Line-X Franchise
Need a loan to buy a Line-X franchise? Bank Of The Cascades has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Line-X franchise? If so, here's a 2003 SBA franchise loan that you should know about. Bank Of The Cascades was the lender and the entrepreneur was based in Bend, Oregon.
SBA Loan Borrower
CENTRAL OREGON LINE-X LLC
BEND, OR 97701
SBA Loan Lender
BANK OF THE CASCADES
1100 NW WALL ST
BEND, OR 97701
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
541490 - Specialized Design Services
Loan Approval Date
3/7/2003
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $37,500.
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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 3 existing jobs.
Getting an SBA Loan For Your Business
If you want money for new small business in Bend OR, you ought to talk with a local Bend SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bend businesses.
We can help you find the best banks for small businesses in Bend 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:
Line-X Corp.
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SBA Approved Banks in Bend, Oregon
SBA Lenders in Oregon