First Interstate Bank Provides SBA Loan to Buy Line-X Franchise

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

Getting money to buy a Line-X franchise may simply require a phone call to a local SBA banker. In 2001, First Interstate Bank issued an SBA franchise loan to an entrepreneur in Billings, Montana. Because Line-X was registered with the SBA's registry of franchises, this Montana small business loan was issued on an expedited basis.

SBA Loan Borrower

LINE-X OF BILLINGS
BILLINGS, MT 59102

SBA Loan Lender

FIRST INTERSTATE BANK
730 MAIN ST
BILLINGS, MT 59105

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

8/28/2001

Loan Approval Gross Amount

$61,700

Loan Approval from the SBA

Of the total $61,700 loan amount, the SBA guaranteed $52,445.

More Information on This SBA Loan

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

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Interstate Bank and they will explain how you can get an SBA loan for your company.

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.

The Friends and Family Network

Where to Get an SBA Loan in Billings, Montana

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