SBA Loans for Motor Vehicle Towing

Looking for SBA loans for motor vehicle towing? An SBA loan may be just what you've been looking for. This $1,540,200 motor vehicle towing loan was issued by a Wisconsin bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Roberts, Wisconsin was able to borrow $1,540,200 from Eagle Valley Bank. The SBA made the loan possible by guaranteeing $1,155,150 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE TOWING
ROBERTS, WI 54023

SBA Loan Lender

EAGLE VALLEY BANK
102 N WASHINGTON
SAINT CROIX FALLS, WI 54024

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

488410 - Motor Vehicle Towing

Loan Approval Date

11/27/2007

Loan Approval Gross Amount

$1,540,200

Loan Approval from the SBA

Of the total $1,540,200 loan amount, the SBA guaranteed $1,155,150.

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 15 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 15 existing jobs.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Eagle Valley Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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