Sheridan, Wyoming Business Gets SBA-Guaranteed Funding from First National Bank Of Buffalo

An SBA loan from First National Bank Of Buffalo typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sheridan, Wyoming business owner got a $460,500 loan.

This small firm knew how to go about getting a business bank loan. Based in Sheridan, Wyoming, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was First National Bank Of Buffalo, based in Buffalo, Wyoming.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
SHERIDAN, WY 82801

SBA Loan Lender

FIRST NATIONAL BANK OF BUFFALO
141 S MAIN ST
BUFFALO, WY 82834

This lender issued this SBA small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

6/14/2007

Loan Approval Gross Amount

$460,500

Loan Approval from the SBA

Of the total $460,500 loan amount, the SBA guaranteed $345,375.

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 loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Sheridan WY, you ought to talk with a local Sheridan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sheridan businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Bank Of Buffalo had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Bank Of Buffalo made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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.

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SBA Approved Banks in Buffalo, Wyoming

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