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May 18, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Cody, Business Loans > Shoshone First Bank Cody Business Loans > Store Retailers Loan | ||||
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SBA Lender Meeteetse Wyoming
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How to Get a Loan for Store RetailersLooking for business loans for store retailers? Try the SBA. This $27,500 store retailers loan was issued by a Wyoming bank. This small business knew how to go about getting a business bank loan. Based in Meeteetse, Wyoming, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Shoshone First Bank, based in Cody, Wyoming. SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender SHOSHONE FIRST BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 453998 - Store Retailers Loan Approval Date 12/13/2006 Loan Approval Gross Amount $27,500 Loan Approval from the SBA Of the total $27,500 loan amount, the SBA guaranteed $13,750. 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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business If you have been wondering how do i get money to start a business in Meeteetse WY, you ought to talk with a local Meeteetse SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Meeteetse businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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:
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