Milford, OH Entrepreneur Gets SBA Loan to Buy Line-X Franchise

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

An entrepreneur in Milford, Ohio needed money to invest in a Line-X franchise back in 2003. Centerbank issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

LINE-X OF SOUTHERN OHIO
MILFORD, OH 45150

SBA Loan Lender

CENTERBANK
744 STATE RTE 28
MILFORD, OH 45150

This debt financing was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a deep knowledge SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5013 - Motor Vehicle Supplies and New Parts

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

1/3/2003

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

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 loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

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.

The Friends and Family Network

Good Banks for Small Business in Milford, Ohio

Getting an SBA Loan in Ohio