Bank Loans for Tire Dealers

Looking for bank loans for tire dealers? An SBA loan may be just what you've been looking for. This $331,900 tire dealers loan was issued by a Wyoming bank.

Getting a small business loan in Lovell, Wyoming was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Shoshone First Bank, operating out of Cody, Wyoming. Here are the details on 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

This SBA loan 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

5014 - Tires and Tubes

NAICS Code

441320 - Tire Dealers

Loan Approval Date

10/17/2005

Loan Approval Gross Amount

$331,900

Loan Approval from the SBA

Of the total $331,900 loan amount, the SBA guaranteed $248,925.

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 SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Shoshone First Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Business Credit Evaluation

SBA 7A Banks for Cody, Wyoming Loans

Getting a Business Loan in Wyoming