Business Loan from Cowboy State Bank Given to Prefabricated Metal Building And Component Manufacturing Company
An SBA loan from Cowboy State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sherican, Wyoming business owner got a $63,000 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sherican, Wyoming was able to borrow $63,000 from Cowboy State Bank. The SBA made the loan possible by guaranteeing $53,550 of this Wyoming small business loan.
SBA Loan Borrower
COMPANY TYPE: PREFABRICATED METAL BUILDING AND COMPONENT MANUFACTURING
SHERICAN, WY 82801
SBA Loan Lender
COWBOY STATE BANK
515 DAYTON ST
RANCHESTER, WY 82839
This lender issued this particular 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
332311 - Prefabricated Metal Building and Component Manufacturing
Loan Approval Date
6/6/2002
Loan Approval Gross Amount
$63,000
Loan Approval from the SBA
Of the total $63,000 loan amount, the SBA guaranteed $53,550.
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 23 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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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