Wyoming Business Loan Issued to Retail Stores Company

SBA 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.

Getting a small business loan in Sheridan, Wyoming was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Bank - Sheridan A Division -. Here are the details on this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
SHERIDAN, WY 82801

SBA Loan Lender

BANK - SHERIDAN A DIVISION -
1375 SUGARLAND DR
SHERIDAN, WY 82801

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

NAICS Code

453910 - Pet and Pet Supplies Stores

Loan Approval Date

12/6/2005

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $80,750.

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 4 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We can help you find the best banks for small businesses in Sheridan or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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