Main Street Registry

Koehne Powersports, Inc.

Marinette, WI · Motorcycle, ATV, and All Other Motor Vehicle Dealers · NAICS 441227

Koehne Powersports, Inc. is a motorcycle, ATV, and other motor vehicle dealer located in Marinette, Wisconsin. The company was financed with an SBA 7(a) loan for a change of ownership of $3,625,000, approved on August 28, 2024 by Farmers & Merchants Bank & Trust.

SBA 7(a) loan, change of ownership, approved Aug 28, 2024

$3,625,000 approvedLender: Farmers & Merchants Bank & Trust178 months termStatus not reported (SBA exemption)Loan details
Gross approval
$3,625,000
SBA-guaranteed amount
$2,718,750 (75% of the approval)
Lender
Farmers & Merchants Bank & Trust, Marinette, WI
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
8.5%, fixed
Term
14 years, 10 months (178 months)
Estimated maturity
June 28, 2039 (estimated, approval date plus term)
Estimated monthly payment
$35,896 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 3, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
441227, Motorcycle, ATV, and All Other Motor Vehicle Dealers
Franchise
Polaris - Dealer Agreement
Project location
Marinette County, WI
SBA district office
Wisconsin District Office
Congressional district
WI-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 73% of acquisition loans in Motorcycle, ATV, and All Other Motor Vehicle Dealers on this site.
  • Average acquisition loan in Motorcycle, ATV, and All Other Motor Vehicle Dealers: $2,557,093.
  • Average acquisition loan in Wisconsin: $1,729,230.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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