Gillette, Wyoming Lender Lends Money to Pet Care Services Company

Get to know Gillette, Wyoming banks that specialize in small business loans and know how to work with entrepreneurs. Buffalo Federal Savings Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Gillette, Wyoming starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Buffalo Federal Savings Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: PET CARE SERVICES
GILLETTE, WY 82718

SBA Loan Lender

BUFFALO FEDERAL SAVINGS BANK
2800 S 4-J RD
GILLETTE, WY 82717

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with borrowing money. 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

812910 - Pet Care Services

Loan Approval Date

5/2/2003

Loan Approval Gross Amount

$137,100

Loan Approval from the SBA

Of the total $137,100 loan amount, the SBA guaranteed $116,535.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Buffalo Federal Savings Bank 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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