Optical Goods Stores Commercial Loans
With these commercial loans for optical goods stores, the SBA guarantees the lender that the loan will be repaid. This optical goods stores loan for $10,000 was given to a Wyoming entrepreneur in 2005.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cheyenne, Wyoming was able to borrow $10,000 from American National Bank. The SBA made the loan possible by guaranteeing $5,000 of this Wyoming small business loan.
SBA Loan Borrower
COMPANY TYPE: OPTICAL GOODS STORES
CHEYENNE, WY 82009
SBA Loan Lender
AMERICAN NATIONAL BANK
1912 CAPITOL AVE
CHEYENNE, WY 82001
This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
446130 - Optical Goods Stores
Loan Approval Date
9/12/2005
Loan Approval Gross Amount
$10,000
Loan Approval from the SBA
Of the total $10,000 loan amount, the SBA guaranteed $5,000.
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 SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like American National Bank and they will explain how you can get an SBA loan for your company.
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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