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May 14, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Ogden, Business Loans > Transportation Alliance Bank I Ogden Business Loans > Leather Tanning And Finishing Loan | ||||
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Examples of Big Piney SBA Loans
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Financing for Crude Petroleum and Natural GasLooking for loans for crude petroleum and natural gas? The SBA may be the answer. This $327,366 crude petroleum and natural gas loan was issued by an Utah bank. Getting a small business loan in Big Piney, Wyoming was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Transportation Alliance Bank I, operating out of Ogden, Utah. Here are the details on this Wyoming small business loan. SBA Loan Borrower COMPANY TYPE: LEATHER TANNING AND FINISHING SBA Loan Lender TRANSPORTATION ALLIANCE BANK I 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 SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3111 - Leather Tanning and Finishing NAICS Code 211111 - Crude Petroleum and Natural Gas Loan Approval Date 7/10/2003 Loan Approval Gross Amount $327,366 Loan Approval from the SBA Of the total $327,366 loan amount, the SBA guaranteed $245,524. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 19 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Transportation Alliance Bank I and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Microlending as a Small Business Funding Source Small Business Banks in Ogden, Utah
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