Bank Loans for Air and Gas Compressor Manufacturing

Looking for bank loans for air and gas compressor manufacturing? Try the SBA. This $500,000 air and gas compressor manufacturing loan was issued by a Wyoming bank.

Getting a small business loan in Casper, Wyoming was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from First Interstate Bank, operating out of Casper, Wyoming. Here are the details on this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: AIR AND GAS COMPRESSORS
CASPER, WY 82604

SBA Loan Lender

FIRST INTERSTATE BANK
104 S WOLCOTT ST
CASPER, WY 82601

This SBA bank 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.

SIC Code

3563 - Air and Gas Compressors

NAICS Code

333912 - Air and Gas Compressor Manufacturing

Loan Approval Date

7/27/2000

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 18 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Interstate Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Family and Friend Investors - Your First Financiers

Banks in Casper, Wyoming

SBA Participating Banks in Wyoming