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April 27, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Salt Lake City, Business Loans > Bank Of The West Salt Lake City Business Loans > Car Washes Loan | ||||
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Bank Of The West Business Loans Rock Springs, Wyoming
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Bank Of The West SBA Loan to Car Washes CompanyAn SBA loan from Bank Of The West typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Rock Springs, Wyoming business owner got a $788,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Rock Springs, Wyoming was able to borrow $788,000 from Bank Of The West. The SBA made the loan possible by guaranteeing $591,000 of this Wyoming small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender BANK OF THE WEST This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 9/24/2002 Loan Approval Gross Amount $788,000 Loan Approval from the SBA Of the total $788,000 loan amount, the SBA guaranteed $591,000. 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. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job. Getting an SBA Loan For Your Business If you are wondering how to raise money for a business in Rock Springs WY, you ought to talk with a local Rock Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rock Springs businesses. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 Salt Lake City, Utah
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