How to Get a Loan for Tire Dealers

Looking for business loans for tire dealers? An SBA loan may be just what you've been looking for. This $371,800 tire dealers loan was issued by a Wyoming bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lovell, Wyoming was able to borrow $371,800 from Shoshone First Bank. The SBA made the loan possible by guaranteeing $278,850 of this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: TIRES AND TUBES
LOVELL, WY 82431

SBA Loan Lender

SHOSHONE FIRST BANK
1401 SHERIDAN AVE
CODY, WY 82414

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5014 - Tires and Tubes

NAICS Code

441320 - Tire Dealers

Loan Approval Date

10/17/2005

Loan Approval Gross Amount

$371,800

Loan Approval from the SBA

Of the total $371,800 loan amount, the SBA guaranteed $278,850.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 7 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.

Getting an SBA Loan For Your Business

If you are raising money in Lovell WY, you ought to talk with a local Lovell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lovell 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.

Related Links:

Bank Credit Lines

SBA 7A Banks for Cody, Wyoming Loans

SBA Wyoming Lenders