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November 15, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Gillette, Business Loans > Security State Bank Gillette Business Loans > Hardware Stores Loan | ||||
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Security State Bank
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Security State Bank SBA Loan to Hardware Stores CompanyAn SBA loan from Security State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gillette, Wyoming business owner got a $386,000 loan. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Security State Bank, out of Gillette, Wyoming. The loan was granted and they received $386,000 to help grow their Gillette, Wyoming business. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender SECURITY STATE BANK This lender issued this SBA business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5251 - Hardware Stores NAICS Code 444130 - Hardware Stores Loan Approval Date 9/5/2003 Loan Approval Gross Amount $386,000 Loan Approval from the SBA Of the total $386,000 loan amount, the SBA guaranteed $289,500. 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 12 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $386,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Banks for Small Business in Gillette, Wyoming
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