Borrowing Money for Book Stores

Looking for loans for book stores? The SBA may be the answer. This $93,000 book stores loan was issued by a Wyoming bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First Interstate Bank, out of Riverton, Wyoming. The loan was granted and they received $93,000 to help grow their Riverton, Wyoming business.

SBA Loan Borrower

COMPANY TYPE: BOOK STORES
RIVERTON, WY 82501

SBA Loan Lender

FIRST INTERSTATE BANK
323 E MAIN ST
RIVERTON, WY 82501

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451211 - Book Stores

Loan Approval Date

1/31/2003

Loan Approval Gross Amount

$93,000

Loan Approval from the SBA

Of the total $93,000 loan amount, the SBA guaranteed $79,050.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Interstate 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:

Accountant's Role in Securing Financing

SBA Banks in Riverton, Wyoming

Wyoming SBA 7A Banks