Local Business Gets a Wyoming Small Business Loan
WyomingBusiness loans are available to Wyoming business owners through the SBA. In this case, a Wyoming bank provides the loan.
This business, based in Buffalo, Wyoming, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from First National Bank Of Buffalo. We've got the inside scoop on this Wyoming small business loan.
SBA Loan Borrower
COMPANY TYPE: CONCRETE PRODUCT MANUFACTURING
BUFFALO, WY 82834
SBA Loan Lender
FIRST NATIONAL BANK OF BUFFALO
141 S MAIN ST
BUFFALO, WY 82834
This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
327390 - Concrete Product Manufacturing
Loan Approval Date
11/14/2002
Loan Approval Gross Amount
$81,500
Loan Approval from the SBA
Of the total $81,500 loan amount, the SBA guaranteed $69,275.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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:
Determining Proper Capital Structure for a Business
SBA 7A Lenders in Buffalo, Wyoming
SBA Lenders in Wyoming