Raising Money for Motorcycle, ATV, and Personal Watercraft Dealers

Looking for business loans for motorcycle, atv, and personal watercraft dealers? An SBA loan may be just what you've been looking for. This $310,000 motorcycle, atv, and personal watercraft dealers loan was issued by a Texas bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Prosperity Bank, out of Dallas, Texas. The loan was granted and they received $310,000 to help grow their Red Oak, Texas business.

SBA Loan Borrower

COMPANY TYPE: MOTORCYCLE DEALERS
RED OAK, TX 75154

SBA Loan Lender

PROSPERITY BANK
333 W KIEST BLVD
DALLAS, TX 75224

This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending background and a deep knowledge SBA policies and procedures.

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

3/15/2000

Loan Approval Gross Amount

$310,000

Loan Approval from the SBA

Of the total $310,000 loan amount, the SBA guaranteed $232,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Prosperity Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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