Loan Census Banking News and Information
May 19, 2024  
 
 
  Business Loan Information  
 

Gillette, Wyoming SBA 7A Banks

 

 
Loan Census SBA Loan Info

Gillette, Wyoming Lender Lends Money to Sporting And Athletic Goods Manufacturing Company

Find Gillette, Wyoming banks that specialize in small business loans and know how to work with entrepreneurs. Security State Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Gillette, Wyoming starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Security State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: SPORTING AND ATHLETIC GOODS MANUFACTURING
GILLETTE, WY 82716

SBA Loan Lender

SECURITY STATE BANK
2124 S DOUGLAS HWY
GILLETTE, WY 82717

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339920 - Sporting and Athletic Goods Manufacturing

Loan Approval Date

10/28/2003

Loan Approval Gross Amount

$149,000

Loan Approval from the SBA

Of the total $149,000 loan amount, the SBA guaranteed $126,650.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $149,000 loan. Remember, anyone can do it... so why not you?

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

Best Banks for Small Business in Gillette, Wyoming

Wyoming SBA 7A Lenders