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May 17, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Kenosha, Business Loans > First Banking Center Kenosha Business Loans > Industrial And Commercial Machinery And Equipment Loan | ||||
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Advice for Business Owners On Getting a Loan
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Financing for Motorcycle, ATV, and Personal Watercraft DealersLooking for commercial loans for motorcycle, atv, and personal watercraft dealers? Talk to a banker who works with the SBA. This $225,064 motorcycle, atv, and personal watercraft dealers loan was issued by a Wisconsin bank. This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with First Banking Center, out of Kenosha, Wisconsin. The loan was granted and they received $225,064 to help grow their Racine, Wisconsin business. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL AND COMMERCIAL MACHINERY AND EQUIPMENT SBA Loan Lender FIRST BANKING CENTER SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3599 - Industrial and Commercial Machinery and Equipment NAICS Code 441221 - Motorcycle, ATV, and Personal Watercraft Dealers Loan Approval Date 3/29/2001 Loan Approval Gross Amount $225,064 Loan Approval from the SBA Of the total $225,064 loan amount, the SBA guaranteed $168,798. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the small business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Banking Center and they will explain how you can get an SBA loan for your company. 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: A Company That Helps Entrepreneurs SBA Participating Banks in Kenosha, Wisconsin Browse All Business Loan Sources for Wisconsin
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