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November 14, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Ranchester, Business Loans > Cowboy State Bank Ranchester Business Loans > Hardware Stores Loan | ||||
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How to Get a Business Loan in Sheridan, Wyoming
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Wyoming Bank Loan Issued to Hardware Stores CompanySBA loans in Wyoming are tough to come by these days. We take a look at one Wyoming SBA loan, provided by a Wyoming bank, that was approved by the SBA. By giving the right information to Cowboy State Bank, this Sheridan, Wyoming business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender COWBOY STATE BANK This debt financing 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 5251 - Hardware Stores NAICS Code 444110 - Home Centers Loan Approval Date 1/16/2004 Loan Approval Gross Amount $365,000 Loan Approval from the SBA Of the total $365,000 loan amount, the SBA guaranteed $273,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $365,000 loan. Remember, where there is a will, there is a way! 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: Find an SBA Lender in Ranchester, Wyoming
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