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May 3, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Douglas, Business Loans > The Converse County Bank Douglas Business Loans > Soil Preparation, Planting, And Cultivating Loan | ||||
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Wyoming SBA Banks
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Douglas, Wyoming Lender Lends Money to Soil Preparation, Planting, And Cultivating CompanyWant to talk with a Douglas, Wyoming bank about a business loan? Here's one Wyoming business loan, issued by a Douglas bank, that was approved by the SBA. Applying for an SBA loan with The Converse County Bank worked out well for our friends at one local firm in Douglas, Wyoming. The business was able to get an SBA loan for $125,000. Nice! SBA Loan Borrower COMPANY TYPE: SOIL PREPARATION, PLANTING, AND CULTIVATING SBA Loan Lender THE CONVERSE COUNTY 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 115112 - Soil Preparation, Planting, and Cultivating Loan Approval Date 10/5/2007 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $62,500. 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. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 1 existing job. 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. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from The Converse County Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Best Banks in Douglas, Wyoming
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