Commercial Loans for Sawmills

With these commercial loans for sawmills, the SBA guarantees the lender that the loan will be repaid. This sawmills loan for $600,000 was given to a Wyoming entrepreneur in 2004.

This business knew how to go about getting a business bank loan. Based in Cody, Wyoming, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First National Bank & Trust, based in Powell, Wyoming.

SBA Loan Borrower

COMPANY TYPE: SAWMILLS
CODY, WY 82414

SBA Loan Lender

FIRST NATIONAL BANK & TRUST
245 E 1ST ST
POWELL, WY 82435

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

321113 - Sawmills

Loan Approval Date

10/25/2004

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

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 42 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 42 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Cody WY, you ought to talk with a local Cody SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cody businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First National Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Obtaining Funding - Getting Venture Capital

Best Powell, Wyoming Banks for Small Business

Getting an SBA Loan in Wyoming