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May 10, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Ranchester, Business Loans > Cowboy State Bank Ranchester Business Loans > Supermarkets And Grocery Stores Loan | ||||
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Small Business Banks in Wyoming
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Supermarkets and Grocery Stores Bank LoansLooking for bank loans for supermarkets and grocery stores? An SBA loan may be just what you've been looking for. This $138,000 supermarkets and grocery stores loan was issued by a Wyoming bank. This company knew how to go about getting a business bank loan. Based in Sheridan, Wyoming, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Cowboy State Bank, based in Ranchester, Wyoming. SBA Loan Borrower COMPANY TYPE: SUPERMARKETS AND GROCERY STORES SBA Loan Lender COWBOY STATE BANK This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445110 - Supermarkets and Grocery Stores Loan Approval Date 3/15/2002 Loan Approval Gross Amount $138,000 Loan Approval from the SBA Of the total $138,000 loan amount, the SBA guaranteed $117,300. More Information on This SBA Loan The borrower borrowed this money for an existing 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 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Cowboy State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 for Small Business in Ranchester, Wyoming
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