Beef Cattle Ranching and Farming Bank Loans

With these bank loans for beef cattle ranching and farming, the SBA guarantees the lender that the loan will be repaid. This beef cattle ranching and farming loan for $68,000 was given to a Wyoming entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ft. Washakie, Wyoming was able to borrow $68,000 from Central Bank & Trust. The SBA made the loan possible by guaranteeing $57,800 of this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: BEEF CATTLE
FT. WASHAKIE, WY 82514

SBA Loan Lender

CENTRAL BANK & TRUST
285 MAIN ST
LANDER, WY 82520

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0212 - Beef Cattle

NAICS Code

112111 - Beef Cattle Ranching and Farming

Loan Approval Date

5/21/2001

Loan Approval Gross Amount

$68,000

Loan Approval from the SBA

Of the total $68,000 loan amount, the SBA guaranteed $57,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Advice on Getting a Small Business Loan

SBA Approved Banks in Lander, Wyoming

SBA Wyoming Lenders