Sheridan, Wyoming Entrepreneur Gets a Bank Loan

WyomingSBA loans are available to Wyoming entrepreneurs through the SBA. In this case, a Wyoming bank provides the loan.

You can learn something about getting a small business loan in Sheridan, Wyoming by studying this loan to a local business, made back in 2004. Banks like Sheridan State Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: RAILROAD ROLLING STOCK MANUFACTURING
SHERIDAN, WY 82801

SBA Loan Lender

SHERIDAN STATE BANK
424 N MAIN ST
SHERIDAN, WY 82801

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

336510 - Railroad Rolling Stock Manufacturing

Loan Approval Date

8/24/2004

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

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 12 employees. The SBA loan application for the borrower indicated that the loan would help retain 12 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Sheridan State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Sheridan State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

The Friends and Family Network

SBA Participating Banks in Sheridan, Wyoming

Where to Get an SBA Loan Wyoming