Areas Served: Statewide Wyoming
The Wyoming Business Council offers several business loan programs for businesses in Wyoming.
These loans include: Wyoming Partnership Bridge Loan The Wyoming Business Council can participate with a local lender on a loan to a business.
The state’s portion of the participation may be up to 35% of the project (maximum of $500,000) in a shared note and collateral position with the local lender.
Wyoming Partnership Guaranteed Loan Participation A provision of financing by the Wyoming Business Council participating with a lender that has secured a federal guarantee loan (i.e.: SBA, USDA) to guarantee repayment of a loan made to a business.
The maximum participation by the Business Council shall be 50% of the loan, or $1,000,000, whichever is less.
Wyoming Main Street Loan Participation The Wyoming Business Council can participate with a local lender on a loan to a building owner for building improvements to maintain the structure’s historical character.
The state’s portion of the participation may be up to 75% of the loan (maximum of $100,000) in a shared note and collateral position with the local lender.
Wyoming Partnership Challenge Loan The Wyoming Business Council can partner with a local economic development organization so that combined loan proceeds assist a business “third party loan recipient.
” The state portion of matching funds must be secured, cannot exceed $500,000 and have a maximum loan term of 10 years.
Wyoming Participation Loan Guarantee A provision of financing by the Wyoming Business Council in which the Council guarantees a portion of a bank loan made to a business.
Economic Disaster Loan A direct loan to a business in a qualifying economic disaster area for the amount of actual loss incurred.
Economic disaster areas must be designated by the Council.
Loans to businesses must be secured, cannot exceed $500,000 and have a repayment term of 10 years.
Contact InformationWyoming Business Council
Address: 214 West 15th St.
City: Cheyenne
State: Wyoming
Website:
http://www.wyomingbusiness.org/content/businesses-seeking-financing
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