Loan to Buy Line-X Franchise Issued By State Central Bank

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

Line-X franchise loans are available to Iowa City, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, State Central Bank, based in Keokuk, Iowa, issued an SBA franchise loan for a Line-X franchise in 2006. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

LINE X OF IOWA CITY
IOWA CITY, IA 52240

SBA Loan Lender

STATE CENTRAL BANK
601 MAIN ST
KEOKUK, IA 52632

The lender provided this SBA 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

811198 - Automotive Repair and Maintenance

Loan Approval Date

10/19/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 SBA loan application for the borrower indicated that the loan would help retain 1 existing job.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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.

Strategic Investors

Who Lends Money to Small Businesses in Keokuk, Iowa

Iowa SBA 7A Banks