First National Bank - Gillette SBA Loan to Trucking Company

An SBA loan from First National Bank - Gillette typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Gillette, Wyoming business owner got a $38,200 loan.

This business knew how to go about getting a business bank loan. Based in Gillette, Wyoming, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was First National Bank - Gillette, based in Gillette, Wyoming.

SBA Loan Borrower

COMPANY TYPE: TRUCKING
GILLETTE, WY 82718

SBA Loan Lender

FIRST NATIONAL BANK - GILLETTE
319 S GILLETTE AVE
GILLETTE, WY 82716

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4213 - Trucking

Loan Approval Date

8/16/2000

Loan Approval Gross Amount

$38,200

Loan Approval from the SBA

Of the total $38,200 loan amount, the SBA guaranteed $30,560.

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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

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

If you are wondering how to raise money for a company in Gillette WY, you ought to talk with a local Gillette SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gillette businesses.

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.

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