First Interstate Bank Gives Bank Loan to Special Trade Contractors Company

Business loans in Wyoming are hard to find these days. We take a look at one Wyoming business loan, provided by a Wyoming bank, that was approved by the SBA.

Getting a small business loan in Gillette, Wyoming was a top priority for this SBA-financed company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First Interstate Bank. Here are the details on this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
GILLETTE, WY 82716

SBA Loan Lender

FIRST INTERSTATE BANK
222 S GILLETTE AVE
GILLETTE, WY 82716

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

NAICS Code

238990 - Specialty Trade Contractors

Loan Approval Date

3/14/2006

Loan Approval Gross Amount

$439,410

Loan Approval from the SBA

Of the total $439,410 loan amount, the SBA guaranteed $329,558.

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 20 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First Interstate 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.

Related Links:

Alternative Financing

Banks in Gillette, Wyoming

Getting an SBA Loan in Wyoming