Sundance, Wyoming Business Gets SBA-Guaranteed Funding from Sundance State Bank

An SBA loan from Sundance State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sundance, Wyoming business owner got a $89,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Sundance, Wyoming, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Sundance State Bank, based in Sundance, Wyoming.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE TOWING
SUNDANCE, WY 82729

SBA Loan Lender

SUNDANCE STATE BANK
2ND & MAIN
SUNDANCE, WY 82729

The lender provided this bank 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

488410 - Motor Vehicle Towing

Loan Approval Date

4/25/2007

Loan Approval Gross Amount

$89,000

Loan Approval from the SBA

Of the total $89,000 loan amount, the SBA guaranteed $44,500.

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 only one employee. The loan application indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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