Kansas Entrepreneur Secures Financing to Buy Line-X Franchise

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

An entrepreneur in Topeka, Kansas needed money to invest in a Line-X franchise back in 2007. Kaw Valley Bank issued an SBA franchise loan. Here are the details on this Kansas small business loan.

SBA Loan Borrower

LINE OF TOPEKA
TOPEKA, KS 66615

SBA Loan Lender

KAW VALLEY BANK
1110 N KANSAS AVE
TOPEKA, KS 66608

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

1/17/2007

Loan Approval Gross Amount

$87,000

Loan Approval from the SBA

Of the total $87,000 loan amount, the SBA guaranteed $43,500.

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 loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

Equity Financing

SBA Participating Banks in Topeka, Kansas

Where to Get an SBA Loan Kansas