First Interstate Bank Provides SBA Loan to Buy Fantastic Sam's Franchise

Need money to purchase a Fantastic Sam's franchise? First Interstate Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Casper, Wyoming needed money to invest in a Fantastic Sam's franchise back in 2000. First Interstate Bank issued an SBA franchise loan. Here are the details on this Wyoming small business loan.

SBA Loan Borrower

FANTASTIC SAM'S
CASPER, WY 82609

SBA Loan Lender

FIRST INTERSTATE BANK
401 N 31ST ST
BILLINGS, MT 59101

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

6/27/2000

Loan Approval Gross Amount

$109,000

Loan Approval from the SBA

Of the total $109,000 loan amount, the SBA guaranteed $81,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Fantastic Sam's franchise. At the time of the loan, the company had 25 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Casper WY, you ought to talk with a local Casper SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Casper businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First Interstate Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Fantastic Sams

Getting a Small Business Loan

Find an SBA Lender in Billings, Montana

SBA Participating Banks in Montana