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November 21, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Douglas, Business Loans > The Converse County Bank Douglas Business Loans > Drilling Oil And Gas Wells Loan | ||||
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Banks in Douglas, Wyoming That Make SBA Loans
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Douglas, Wyoming Bank Lends Money to Drilling Oil And Gas Wells Company in Douglas, WyomingThinking about meeting with a Douglas, Wyoming bank about an SBA loan? Here's one Wyoming business loan, issued by a Douglas bank, that was approved by the SBA. Applying for an SBA loan with The Converse County Bank worked out well for our friends at one local company in Douglas, Wyoming. They got an SBA loan for $900,000. Great job! SBA Loan Borrower COMPANY TYPE: DRILLING OIL AND GAS WELLS SBA Loan Lender THE CONVERSE COUNTY BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1381 - Drilling Oil and Gas Wells NAICS Code 211111 - Crude Petroleum and Natural Gas Loan Approval Date 7/12/2006 Loan Approval Gross Amount $900,000 Loan Approval from the SBA Of the total $900,000 loan amount, the SBA guaranteed $675,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Best Douglas, Wyoming Banks for Small Business Where to Get an SBA Loan Wyoming
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