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December 19, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Evanston, Business Loans > 1st Bank Evanston Business Loans > Oil And Gas Field Services Loan | ||||
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SBA Lenders Wyoming
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Entrepreneur Works With Evanston, Wyoming Bank to Get an SBA LoanWant to talk with an Evanston, Wyoming bank about an SBA loan? Here's one Wyoming business loan, issued by an Evanston bank, that was approved by the SBA. Applying for an SBA loan with 1st Bank worked out well for our friends at one local business in Lyman, Wyoming. They received an SBA loan for $780,000. Nice! SBA Loan Borrower COMPANY TYPE: OIL AND GAS FIELD SERVICES SBA Loan Lender 1ST BANK 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 1389 - Oil and Gas Field Services NAICS Code 213112 - Support Activities for Oil and Gas Operations Loan Approval Date 3/22/2006 Loan Approval Gross Amount $780,000 Loan Approval from the SBA Of the total $780,000 loan amount, the SBA guaranteed $585,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 165 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from 1st Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Best Evanston, Wyoming Banks for Small Business
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