Cody, Wyoming Entrepreneur Gets a Bank Loan

SBA loans in Wyoming are are few and far betweeen these days. We take a look at one Wyoming SBA loan, provided by a Wyoming bank, that was approved by the SBA.

Getting a small business loan in Cody, Wyoming was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The West. Here are the details on this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: TRUCK TRAILERS
CODY, WY 82520

SBA Loan Lender

BANK OF THE WEST
1130 SHERIDAN AVE
CODY, WY 82414

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3715 - Truck Trailers

NAICS Code

336212 - Truck Trailer Manufacturing

Loan Approval Date

4/19/2000

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $36,000.

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 only one employee. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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 Bank Of The West 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.

Related Links:

Business Incubators

Best Cody, Wyoming Banks for Small Business

SBA Lenders in Wyoming