Wyoming Bank Loan Issued to Food Crops Grown Under Cover Company

Would a Wyoming SBA loan help your business get to the next level? If so, you may want to talk with this Wyoming bank, which offers SBA loans to Wyoming entrepreneurs.

Getting a small business loan in Laramie, Wyoming was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Security First Bank. Here are the details on this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: FOOD CROPS GROWN UNDER COVER
LARAMIE, WY 82001

SBA Loan Lender

SECURITY FIRST BANK
500 W 18TH ST
CHEYENNE, WY 82001

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0182 - Food Crops Grown Under Cover

NAICS Code

111419 - Food Crops Grown Under Cover

Loan Approval Date

11/7/2005

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

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 5 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Security First Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Security First Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Find Start-Up Capital

SBA 7A Banks for Cheyenne, Wyoming Loans

Wyoming SBA 7A Lenders