Buffalo, Wyoming Business Gets SBA-Guaranteed Funding from First National Bank Of Buffalo

First National Bank Of Buffalo is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Wyoming entrepreneur who tapped into the power of SBA loans.

This small firm knew how to go about getting a business bank loan. Based in Buffalo, Wyoming, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was First National Bank Of Buffalo, based in Buffalo, Wyoming.

SBA Loan Borrower

COMPANY TYPE: WATER WELL DRILLING CONTRACTORS
BUFFALO, WY 82834

SBA Loan Lender

FIRST NATIONAL BANK OF BUFFALO
141 S MAIN ST
BUFFALO, WY 82834

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235810 - Water Well Drilling Contractors

Loan Approval Date

4/27/2007

Loan Approval Gross Amount

$800,000

Loan Approval from the SBA

Of the total $800,000 loan amount, the SBA guaranteed $600,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the funding would help generate 4 new jobs.

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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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