Stateline Powersports, Inc.
Stateline Powersports, Inc. is located in La Crosse, WI, and the SBA lists its industry as Motorcycle, ATV, and All Other Motor Vehicle Dealers. It was approved for an SBA 7(a) loan of $2,412,400 for a change of ownership on January 15, 2025.
SBA 7(a) loan, change of ownership, approved Jan 15, 2025
- Gross approval
- $2,412,400
- SBA-guaranteed amount
- $1,809,300 (75% of the approval)
- Lender
- State Bank Financial, La Crosse, WI
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.5%, fixed
- Term
- 7 years (84 months)
- Estimated maturity
- January 15, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $39,428 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 23
- Business type
- Corporation
- NAICS
- 441227, Motorcycle, ATV, and All Other Motor Vehicle Dealers
- Project location
- La Crosse County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 47% 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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Same industry in Wisconsin
- Harley-Davidson Motorcycles of Appleton, Inc., Appleton
- Koehne Powersports, Inc., Marinette
- Great River Harley-Davidson, Onalaska