Loan Census Banking News and Information
April 24, 2024  
 
 
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SBA Lenders for Centerville, Ohio Businesses

 

 
Loan Census SBA Loan Info

Centerbank Provides SBA Loan to Buy Line-X Franchise

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

If you live near Centerville, Ohio and are interested in buying a Line-X franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Centerbank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

LINE-X OF DAYTON
CENTERVILLE, OH 45459

SBA Loan Lender

CENTERBANK
744 STATE RTE 28
MILFORD, OH 45150

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

10/13/2004

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $45,000.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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 Art of Bootstrapping

SBA 7A Banks for Milford, Ohio Loans

SBA Lenders in Ohio