Specialized Local Freight Trucking Commercial Loans

With these commercial loans for specialized local freight trucking, the SBA guarantees the lender that the loan will be repaid. This specialized local freight trucking loan for $706,000 was given to a Wisconsin entrepreneur in 2002.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Banks Of Wisconsin, out of Kenosha, Wisconsin. The loan was granted and they received $706,000 to help grow their Kenosha, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: SERVICES
KENOSHA, WI 53142

SBA Loan Lender

BANKS OF WISCONSIN
5117 GREEN BAY RD
KENOSHA, WI 53144

This lender issued this SBA business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 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

8999 - Services

NAICS Code

484220 - Specialized Local Freight Trucking

Loan Approval Date

6/13/2002

Loan Approval Gross Amount

$706,000

Loan Approval from the SBA

Of the total $706,000 loan amount, the SBA guaranteed $529,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 Banks Of Wisconsin 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:

Determining Proper Capital Structure for a Business

SBA 7A Banks for Kenosha, Wisconsin Loans

Getting an SBA Loan in Wisconsin