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December 18, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Laramie, Business Loans > First Cap. W. Bankshares Inc Laramie Business Loans > Information Services Loan | ||||
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Laramie Bank Loan
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Laramie, Wyoming Bank Gives SBA Loan to Information Services CompanyWant to talk with a Laramie, Wyoming bank about an SBA loan? Here's one Wyoming business loan, issued by a Laramie bank, that was approved by the SBA. Applying for an SBA loan with First Cap. W. Bankshares Inc worked out well for our friends at one local firm in Laramie, Wyoming. They received an SBA loan for $26,000. Great job! SBA Loan Borrower COMPANY TYPE: INFORMATION SERVICES SBA Loan Lender FIRST CAP. W. BANKSHARES INC This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 514199 - Information Services Loan Approval Date 5/24/2002 Loan Approval Gross Amount $26,000 Loan Approval from the SBA Of the total $26,000 loan amount, the SBA guaranteed $22,100. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 an SBA Lender in Laramie, Wyoming
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