Specialized Local Freight Trucking Business Loans

Looking for business loans for specialized local freight trucking? The SBA may be the answer. This $50,000 specialized local freight trucking loan was issued by a Wisconsin bank.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First Citizens State Bank, out of Whitewater, Wisconsin. The loan was granted and they received $50,000 to help grow their East Troy, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING
EAST TROY, WI 53120

SBA Loan Lender

FIRST CITIZENS STATE BANK
207 W MAIN ST
WHITEWATER, WI 53190

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

484220 - Specialized Local Freight Trucking

Loan Approval Date

7/13/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. This SBA loan request indicated that the funding would help generate 1 new job.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Citizens State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Citizens State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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