The Converse County Bank Gives Small Business Loan to Performing Arts, Sports, And Similar Events Promotion 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 Wright, 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 The Converse County Bank. We've got the inside scoop on this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: PERFORMING ARTS, SPORTS, AND SIMILAR EVENTS PROMOTION
WRIGHT, WY 82732

SBA Loan Lender

THE CONVERSE COUNTY BANK
322 WALNUT
DOUGLAS, WY 82633

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

711320 - Performing Arts, Sports, and Similar Events Promotion

Loan Approval Date

2/9/2007

Loan Approval Gross Amount

$344,300

Loan Approval from the SBA

Of the total $344,300 loan amount, the SBA guaranteed $172,150.

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 SBA loan documents indicated that the loan would help retain 4 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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.

Related Links:

Business Line of Credit

SBA Participating Banks in Douglas, Wyoming

Wyoming SBA 7A Lenders