Financing for Drinking Places

Looking for commercial loans for drinking places? Talk to a banker who works with the SBA. This $104,100 drinking places loan was issued by a Wyoming bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Rock Springs, Wyoming was able to borrow $104,100 from Rock Springs National Bank. The SBA made the loan possible by guaranteeing $88,485 of this Wyoming small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
ROCK SPRINGS, WY 82901

SBA Loan Lender

ROCK SPRINGS NATIONAL BANK
200 SECOND ST
ROCK SPRINGS, WY 82901

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

6/19/2002

Loan Approval Gross Amount

$104,100

Loan Approval from the SBA

Of the total $104,100 loan amount, the SBA guaranteed $88,485.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Remember, 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 Rock Springs National 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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