Motorcycle, ATV, and Personal Watercraft Dealers Small Business Loans

Looking for small business loans for motorcycle, atv, and personal watercraft dealers? Try the SBA. This $75,000 motorcycle, atv, and personal watercraft dealers loan was issued by a Georgia bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Banksouth, out of Greensboro, Georgia. The loan was granted and they received $75,000 to help grow their Savannah, Georgia business.

SBA Loan Borrower

COMPANY TYPE: MOTORCYCLE DEALERS
SAVANNAH, GA 31401

SBA Loan Lender

BANKSOUTH
200 N EAST ST
GREENSBORO, GA 30642

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

6/30/2003

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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:

Microlending as a Small Business Funding Source

Small Business Banks in Greensboro, Georgia

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