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May 12, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Sheridan, Business Loans > Sheridan State Bank Sheridan Business Loans > Plumbing, Heating, And Air-Conditioning Contractors Loan | ||||
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Get a Small Business Loan from Sheridan State Bank
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Business Loan from Sheridan State Bank Given to Plumbing, Heating, And Air-Conditioning Contractors CompanyAn SBA loan from Sheridan State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sheridan, Wyoming business owner got a $90,000 loan. Getting a small business loan in Sheridan, Wyoming was an essential business goal for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Sheridan State Bank, operating out of Sheridan, Wyoming. Here are the details on this Wyoming small business loan. SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING CONTRACTORS SBA Loan Lender SHERIDAN STATE BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238220 - Plumbing, Heating, and Air-Conditioning Contractors Loan Approval Date 2/18/2005 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. 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 11 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Sheridan State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Sheridan, Wyoming
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