Local Business Gets a Wyoming Small Business Loan

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

Getting a small business loan in Rawlins, Wyoming was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Excel National Bank. Here are the details on this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
RAWLINS, WY 82301

SBA Loan Lender

EXCEL NATIONAL BANK
9701 WILSHIRE BLVD
BEVERLY HILLS, CA 90212

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

5/23/2007

Loan Approval Gross Amount

$647,000

Loan Approval from the SBA

Of the total $647,000 loan amount, the SBA guaranteed $485,250.

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 6 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 6 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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.

This SBA loan was for $647,000. How would you spend $647,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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Getting an SBA Loan in California