Cowboy State Bank Gives SBA Loan to Recreational Vehicle Parks And Campsites Company

Would a Wyoming small business loan help your small business to grow and prosper? If so, you may want to talk with this Wyoming bank, which offers SBA loans to Wyoming entrepreneurs.

This business, based in Sheridan, Wyoming, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Cowboy State Bank. We've got the inside scoop on this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: RECREATIONAL VEHICLE PARKS AND CAMPSITES
SHERIDAN, WY 82801

SBA Loan Lender

COWBOY STATE BANK
515 DAYTON ST
RANCHESTER, WY 82839

This SBA 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

7033 - Recreational Vehicle Parks and Campsites

NAICS Code

721211 - RV Parks and Campgrounds

Loan Approval Date

11/6/2001

Loan Approval Gross Amount

$440,300

Loan Approval from the SBA

Of the total $440,300 loan amount, the SBA guaranteed $330,225.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great source of funding.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Cowboy State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Cowboy 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.

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