Get an SBA Loan for Surveying and Mapping Services

With these small business loans for surveying and mapping services, the SBA guarantees the lender that the loan will be repaid. This surveying and mapping services loan for $61,800 was given to a Wyoming entrepreneur in 2001.

This company knew how to go about getting a business bank loan. Based in Cheyenne, Wyoming, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was First Interstate Bank, based in Cheyenne, Wyoming.

SBA Loan Borrower

COMPANY TYPE: SURVEYING AND MAPPING SERVICES
CHEYENNE, WY 82001

SBA Loan Lender

FIRST INTERSTATE BANK
401 W 19TH ST
CHEYENNE, WY 82003

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541370 - Surveying and Mapping Services

Loan Approval Date

8/29/2001

Loan Approval Gross Amount

$61,800

Loan Approval from the SBA

Of the total $61,800 loan amount, the SBA guaranteed $52,530.

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 2 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great funding source

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Interstate Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Interstate Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Famous Venture Capitalists

Small Bank Loans in Cheyenne, Wyoming

Wyoming SBA Bank Lenders