Bank Loans for General Long-Distance, Less-Than-One-Truckload Freight Trucking

Looking for bank loans for general long-distance, less-than-one-truckload freight trucking? Talk to a banker who works with the SBA. This $36,000 general long-distance, less-than-one-truckload freight trucking loan was issued by a Wisconsin bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First National Bank - Hartford, out of Hartford, Wisconsin. The loan was granted and they received $36,000 to help grow their Hartford, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: GENERAL LONG-DISTANCE, LESS-THAN-ONE-TRUCKLOAD FREIGHT TRUCKING
HARTFORD, WI 53027

SBA Loan Lender

FIRST NATIONAL BANK - HARTFORD
116 W SUMNER ST
HARTFORD, WI 53027

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

484122 - General Long-Distance, Less-Than-One-Truckload Freight Trucking

Loan Approval Date

3/9/2005

Loan Approval Gross Amount

$36,000

Loan Approval from the SBA

Of the total $36,000 loan amount, the SBA guaranteed $30,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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