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November 15, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Riverton, Business Loans > Wyoming National Bank Riverton Business Loans > General Automotive Repair Loan | ||||
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Wyoming National Bank
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Business Loan from Wyoming National Bank Given to General Automotive Repair CompanyAn SBA loan from Wyoming National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Riverton, Wyoming business owner got a $100,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Riverton, Wyoming was able to borrow $100,000 from Wyoming National Bank. The SBA made the loan possible by guaranteeing $85,000 of this Wyoming small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender WYOMING NATIONAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 8/5/2002 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $100,000 loan. Remember, things become real when you believe you can achieve them! 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: How Much Venture Capital Is There? SBA 7A Lenders in Riverton, Wyoming Getting a Business Loan in Wyoming
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