New Richmond, Wisconsin Bank Lends Money to Used Car Dealers Company in Owensboro, Kentucky

Find New Richmond, Wisconsin banks that specialize in SBA loans and know how to work with entrepreneurs. Anchorbank, Fsb is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Owensboro, Kentucky starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Anchorbank, Fsb. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: USED CAR DEALERS
OWENSBORO, KY 42301

SBA Loan Lender

ANCHORBANK, FSB
355 S KNOWLES AVE
NEW RICHMOND, WI 54017

The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

441120 - Used Car Dealers

Loan Approval Date

8/16/2004

Loan Approval Gross Amount

$1,100,000

Loan Approval from the SBA

Of the total $1,100,000 loan amount, the SBA guaranteed $550,000.

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 14 employees. The SBA loan documents indicated that the loan would help retain 14 existing jobs.

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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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