Drilling Oil and Gas Wells Commercial Loans

Looking for commercial loans for drilling oil and gas wells? Try the SBA. This $342,240 drilling oil and gas wells loan was issued by a Wyoming bank.

This business knew how to go about getting a business bank loan. Based in Buffalo, Wyoming, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Buffalo Federal Savings Bank, based in Buffalo, Wyoming.

SBA Loan Borrower

COMPANY TYPE: DRILLING OIL AND GAS WELLS
BUFFALO, WY 82834

SBA Loan Lender

BUFFALO FEDERAL SAVINGS BANK
106 FORT ST
BUFFALO, WY 82834

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1381 - Drilling Oil and Gas Wells

NAICS Code

213111 - Drilling Oil and Gas Wells

Loan Approval Date

11/1/2004

Loan Approval Gross Amount

$342,240

Loan Approval from the SBA

Of the total $342,240 loan amount, the SBA guaranteed $256,680.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Buffalo Federal Savings Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Advice on Getting a Small Business Loan

SBA Approved Banks in Buffalo, Wyoming

Getting an SBA Loan in Wyoming