Local Business Gets a Wyoming Business Loan

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 Laramie, 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 American National Bank. Here are the details on this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
LARAMIE, WY 82070

SBA Loan Lender

AMERICAN NATIONAL BANK
3908 GRAND AVE
LARAMIE, WY 82070

This loan for a small business 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

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

7/11/2006

Loan Approval Gross Amount

$8,400

Loan Approval from the SBA

Of the total $8,400 loan amount, the SBA guaranteed $7,140.

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 did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like American National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Obtaining Funding - Friends and Family

Small Bank Loans in Laramie, Wyoming

SBA Wyoming Lenders