Getting an SBA Loan for Motorcycle, ATV, and Personal Watercraft Dealers

With these SBA loans for motorcycle, atv, and personal watercraft dealers, the SBA guarantees the lender that the loan will be repaid. This motorcycle, atv, and personal watercraft dealers loan for $130,600 was given to a Louisiana entrepreneur in 2000.

Getting a small business loan in Gonzales, Louisiana was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Iberville Bank, operating out of Plattenville, Louisiana. Here are the details on this Louisiana small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTORCYCLE DEALERS
GONZALES, LA 70737

SBA Loan Lender

IBERVILLE BANK
188 HWY 70 SPUR
PLATTENVILLE, LA 70393

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5571 - Motorcycle Dealers

NAICS Code

441221 - Motorcycle, ATV, and Personal Watercraft Dealers

Loan Approval Date

5/1/2000

Loan Approval Gross Amount

$130,600

Loan Approval from the SBA

Of the total $130,600 loan amount, the SBA guaranteed $97,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $130,600. How would you spend $130,600 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Business Incubators

Where to Get an SBA Loan in Plattenville, Louisiana

SBA Louisiana Banks