Borrow Money to Buy a Line-X Franchise

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

Line-X franchise loans are available to Capitol Heights, Maryland entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Sandy Spring Bank, based in Olney, Maryland, issued an SBA franchise loan for a Line-X franchise in 2006. We've got all the details on this Maryland small business loan.

SBA Loan Borrower

LINE-X
CAPITOL HEIGHTS, MD 20743

SBA Loan Lender

SANDY SPRING BANK
17801 GEORGIA AVE
OLNEY, MD 20832

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

811198 - Automotive Repair and Maintenance

Loan Approval Date

3/24/2006

Loan Approval Gross Amount

$41,300

Loan Approval from the SBA

Of the total $41,300 loan amount, the SBA guaranteed $20,650.

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 3 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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.

A Company That Helps Entrepreneurs

Best Olney, Maryland Banks for Small Business

Getting a Business Loan in Maryland