Littleton, CO Entrepreneur Gets SBA Loan to Buy Line-X Franchise

Need money to invest in a Line-X franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.

Line-X franchise loans are available to Littleton, Colorado entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wells Fargo Bank, based in San Jose, California, issued an SBA franchise loan for a Line-X franchise in 2005. We've got all the details on this Colorado small business loan.

SBA Loan Borrower

ROYAL MONTGOMERY ENTERPRISES L
LITTLETON, CO 80121

SBA Loan Lender

WELLS FARGO BANK
121 PARK CENTER PLZ
SAN JOSE, CA 95113

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

2/4/2005

Loan Approval Gross Amount

$747,000

Loan Approval from the SBA

Of the total $747,000 loan amount, the SBA guaranteed $560,250.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This SBA loan was for $747,000. How would you spend $747,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

Equity Financing

Small Bank Loans in San Jose, California

SBA Lenders in California