First National Bank & Trust Gives Bank Loan to Electrical Industrial Apparatus Company

Want a Wyoming bank loan? This Wyoming entrepreneur got a bank loan, provided by a Wyoming bank that works with the SBA to help small business owners.

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

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL INDUSTRIAL APPARATUS
POWELL, WY 82435

SBA Loan Lender

FIRST NATIONAL BANK & TRUST
245 E 1ST ST
POWELL, WY 82435

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3629 - Electrical Industrial Apparatus

NAICS Code

335999 - Electrical Equipment and Component Manufacturing

Loan Approval Date

3/4/2005

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 3 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Attracting Investors

Where to Get an SBA Loan in Powell, Wyoming

Wyoming SBA 7A Lenders