Entrepreneur Works With Pinedale, Wyoming Bank to Get an SBA Loan

Thinking about meeting with a Pinedale, Wyoming bank about a business loan? Here's one Wyoming business loan, issued by a Pinedale bank, that was approved by the SBA.

Applying for an SBA loan with First State Bank Of Pinedale worked out well for our friends at one local company in Cora, Wyoming. They got an SBA loan for $150,000. Great job!

SBA Loan Borrower

COMPANY TYPE: SOLID WASTE COLLECTION
CORA, WY 82925

SBA Loan Lender

FIRST STATE BANK OF PINEDALE
61 E PINE ST
PINEDALE, WY 82941

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562111 - Solid Waste Collection

Loan Approval Date

10/7/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First State Bank Of Pinedale that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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