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November 15, 2024  
 
 
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Shoshone First Bank

 

 
Loan Census SBA Loan Info

SBA Loan from Shoshone First Bank Helps Plumbing, Heating, And Air-Conditioning Contractors Company

An SBA loan from Shoshone First Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cody, Wyoming business owner got a $30,800 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cody, Wyoming was able to borrow $30,800 from Shoshone First Bank. The SBA made the loan possible by guaranteeing $15,400 of this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING CONTRACTORS
CODY, WY 82414

SBA Loan Lender

SHOSHONE FIRST BANK
1401 SHERIDAN AVE
CODY, WY 82414

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

238220 - Plumbing, Heating, and Air-Conditioning Contractors

Loan Approval Date

11/17/2004

Loan Approval Gross Amount

$30,800

Loan Approval from the SBA

Of the total $30,800 loan amount, the SBA guaranteed $15,400.

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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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:

How Equity Dilution Works

Small Business Banks in Cody, Wyoming

SBA Lenders in Wyoming