Bancorpsouth Bank Provides SBA Loan to Buy Line-X Franchise

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

Line-X franchise loans are available to Marshall, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bancorpsouth Bank, based in Tupelo, Mississippi, issued an SBA franchise loan for a Line-X franchise in 2005. We've got all the details on this Texas small business loan.

SBA Loan Borrower

PERFORMANCE TRUCK ACCESSORIES
MARSHALL, TX 75672

SBA Loan Lender

BANCORPSOUTH BANK
ONE MISSISSIPPI PLZ
TUPELO, MS 38804

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

9/28/2005

Loan Approval Gross Amount

$58,500

Loan Approval from the SBA

Of the total $58,500 loan amount, the SBA guaranteed $49,725.

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 4 employees. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bancorpsouth Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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 From a Venture Capitalist

Where to Get an SBA Loan in Tupelo, Mississippi

SBA Lenders in Mississippi