Motorcycle, ATV, and Personal Watercraft Dealers SBA Loans

Looking for SBA loans for motorcycle, atv, and personal watercraft dealers? An SBA loan may be just what you've been looking for. This $50,000 motorcycle, atv, and personal watercraft dealers loan was issued by a Tennessee bank.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Union Bank & Trust Company, out of Livingston, Tennessee. The loan was granted and they received $50,000 to help grow their Livingston, Tennessee business.

SBA Loan Borrower

COMPANY TYPE: MOTORCYCLE DEALERS
LIVINGSTON, TN 38570

SBA Loan Lender

UNION BANK & TRUST COMPANY
201 E MAIN ST
LIVINGSTON, TN 38570

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

8/2/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

More Information on This SBA Loan

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

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

SBIR Funding

SBA Approved Banks in Livingston, Tennessee

SBA Tennessee Lenders