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March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Big Piney, Wyoming

 
Loan Census SBA Loan Info

Raising money in Big Piney, Wyoming? If so, you'll want to talk to some of these small business lenders in Big Piney.

This article is written specifically for small business proprietors in Big Piney, Wyoming who are interested in getting a bank loan.

Local Big Piney Banks

Without further adieu, here's our list of small business banks in Big Piney.

Small Business Bank Recent SBA Loans
Community First National Bank  

SBA Lenders for Big Piney Businesses

This is a list of banks outside of Big Piney, Wyoming that have provided SBA loans to Big Piney businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Transportation Alliance Bank I
Ogden, UT
1

Tips for Getting a Business Loan in Big Piney

Before contacting banks to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Having a business plan is is critically important. If the money is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of these banks participate in the financial assistance programs available through the SBA. Prior to visiting local banks, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Make the effort and learn as much as you can about Raising Money. To get started, we recommend you read Microlending as a Small Business Funding Source.

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