Financing for Drilling Oil and Gas Wells
Looking for loans for drilling oil and gas wells? Try the SBA. This $232,200 drilling oil and gas wells loan was issued by an Utah bank.
Getting a small business loan in Sheridan, Wyoming was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The West, operating out of Salt Lake City, Utah. Here are the details on this Wyoming small business loan.
SBA Loan Borrower
COMPANY TYPE: DRILLING OIL AND GAS WELLS
SHERIDAN, WY 82801
SBA Loan Lender
BANK OF THE WEST
142 EAST 200 SOUTH
SALT LAKE CITY, UT 84111
This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
1381 - Drilling Oil and Gas Wells
NAICS Code
213111 - Drilling Oil and Gas Wells
Loan Approval Date
5/8/2002
Loan Approval Gross Amount
$232,200
Loan Approval from the SBA
Of the total $232,200 loan amount, the SBA guaranteed $174,150.
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 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
Debt Financing
SBA Participating Banks in Salt Lake City, Utah
Find an SBA Lender in Utah