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November 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Laramie, Business Loans > First National Bank Of Wyoming Laramie Business Loans > General Freight Trucking, Local Loan | ||||
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How Do We Get a Business Loan in Walden, Colorado?
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Loans for General Freight Trucking, LocalLooking for loans for general freight trucking, local? Talk to a banker who works with the SBA. This $148,000 general freight trucking, local loan was issued by a Wyoming bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Walden, Colorado was able to borrow $148,000 from First National Bank Of Wyoming. The SBA made the loan possible by guaranteeing $125,800 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL SBA Loan Lender FIRST NATIONAL BANK OF WYOMING This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 484110 - General Freight Trucking, Local Loan Approval Date 3/16/2004 Loan Approval Gross Amount $148,000 Loan Approval from the SBA Of the total $148,000 loan amount, the SBA guaranteed $125,800. 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 SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Where to Get an SBA Loan in Laramie, Wyoming
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