Commercial Loans for Recreational Vehicle Dealers

Looking for commercial loans for recreational vehicle dealers? Try the SBA. This $168,750 recreational vehicle dealers loan was issued by a Wisconsin bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Anchorbank, Fsb, out of Madison, Wisconsin. The loan was granted and they received $168,750 to help grow their Chippewa Falls, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: RECREATIONAL VEHICLE DEALERS
CHIPPEWA FALLS, WI 54729

SBA Loan Lender

ANCHORBANK, FSB
25 W MAIN ST
MADISON, WI 53703

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5561 - Recreational Vehicle Dealers

NAICS Code

441210 - Recreational Vehicle Dealers

Loan Approval Date

1/22/2004

Loan Approval Gross Amount

$168,750

Loan Approval from the SBA

Of the total $168,750 loan amount, the SBA guaranteed $126,563.

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 4 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Anchorbank, Fsb that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Financing Your Business

SBA 7A Banks in Madison, Wisconsin

Wisconsin SBA 7A Lenders