Douglas, Wyoming Lender Lends Money to Soil Preparation, Planting, And Cultivating Company
Want to talk with a Douglas, Wyoming bank about a business 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 firm in Douglas, Wyoming. The business was able to get an SBA loan for $125,000. Nice!
SBA Loan Borrower
COMPANY TYPE: SOIL PREPARATION, PLANTING, AND CULTIVATING
DOUGLAS, WY 82633
SBA Loan Lender
THE CONVERSE COUNTY BANK
322 WALNUT
DOUGLAS, WY 82633
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
115112 - Soil Preparation, Planting, and Cultivating
Loan Approval Date
10/5/2007
Loan Approval Gross Amount
$125,000
Loan Approval from the SBA
Of the total $125,000 loan amount, the SBA guaranteed $62,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 1 existing job.
Getting an SBA Loan For Your Business
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from The Converse County Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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.
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