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May 12, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Torrington, Business Loans > First National Bank Torrington Business Loans > Women's, Girls', And Infants' Cut And Sew Apparel Contractors Loan | ||||
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Best Banks That Lend to Wyoming Business Owners
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First National Bank Gives Bank Loan to Women's, Girls', And Infants' Cut And Sew Apparel Contractors CompanyWould a Wyoming bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Wyoming bank, which offers SBA loans to Wyoming entrepreneurs. By giving the right information to First National Bank, this Torrington, Wyoming business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: WOMEN'S, GIRLS', AND INFANTS' CUT AND SEW APPAREL CONTRACTORS SBA Loan Lender FIRST NATIONAL BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 315212 - Women's, Girls', and Infants' Cut and Sew Apparel Contractors Loan Approval Date 11/19/2002 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 $100,000 loan. Remember, things become real when you believe you can achieve them! 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: SBA Banks in Torrington, Wyoming Getting an SBA Loan in Wyoming
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