Idaho Entrepreneur Secures Financing to Buy Line-X Franchise

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

Line-X franchise loans are available to Coeur D Alene, Idaho entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Panhandle State Bank, based in Sandpoint, Idaho, issued an SBA franchise loan for a Line-X franchise in 2005. We've got all the details on this Idaho small business loan.

SBA Loan Borrower

LINE X OF COEUR D' ALENE
COEUR D ALENE, ID 83815

SBA Loan Lender

PANHANDLE STATE BANK
231 N THIRD
SANDPOINT, ID 83864

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

6/21/2005

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

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 indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

Obtaining Funding - Getting Venture Capital

Good Banks for Small Business in Sandpoint, Idaho

Idaho SBA 7A Banks