SBA Loans for Hardware Stores

Looking for SBA loans for hardware stores? Try the SBA. This $55,000 hardware stores loan was issued by a Wyoming bank.

This business knew how to go about getting a business bank loan. Based in Rock Springs, Wyoming, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Rock Springs National Bank, based in Rock Springs, Wyoming.

SBA Loan Borrower

COMPANY TYPE: HARDWARE STORES
ROCK SPRINGS, WY 82902

SBA Loan Lender

ROCK SPRINGS NATIONAL BANK
200 SECOND ST
ROCK SPRINGS, WY 82901

This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5251 - Hardware Stores

NAICS Code

444130 - Hardware Stores

Loan Approval Date

3/15/2001

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

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 8 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Rock Springs WY, you ought to talk with a local Rock Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rock Springs businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Rock Springs National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Obtaining Funding - How to Borrow Money

Banks in Rock Springs, Wyoming

Getting an SBA Loan in Wyoming