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May 18, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Green River, Business Loans > Bank Of The West Green River Business Loans > Business Services Loan | ||||
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How to Get SBA Money in Green River, Wyoming
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Green River, Wyoming Entrepreneur Gets an SBA LoanWant a Wyoming bank loan? This Wyoming entrepreneur got a bank loan, provided by a Wyoming bank that works with the SBA to help small business owners. By giving the right information to Bank Of The West, this Green River, 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: BUSINESS SERVICES SBA Loan Lender BANK OF THE WEST This loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA promises a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 314999 - Textile Product Mills Loan Approval Date 3/14/2003 Loan Approval Gross Amount $142,200 Loan Approval from the SBA Of the total $142,200 loan amount, the SBA guaranteed $120,870. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of The West 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. Related Links: SBA 7A Lenders in Green River, Wyoming Browse All Business Loan Sources for Wyoming
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