Firm Gets a Wyoming SBA Loan

Small business loans in Wyoming are hard to find these days. We take a look at one Wyoming small business loan, provided by a Wyoming bank, that was approved by the SBA.

Getting a small business loan in Cheyenne, Wyoming was a top priority for this small company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from American National Bank. Here are the details on this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: TIRE DEALERS
CHEYENNE, WY 82007

SBA Loan Lender

AMERICAN NATIONAL BANK
1912 CAPITOL AVE
CHEYENNE, WY 82001

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

441320 - Tire Dealers

Loan Approval Date

6/25/2004

Loan Approval Gross Amount

$113,700

Loan Approval from the SBA

Of the total $113,700 loan amount, the SBA guaranteed $56,850.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Getting a Small Business Loan

SBA Participating Banks in Cheyenne, Wyoming

Find an SBA Lender in Wyoming