For more information on any of the loan programs listed below, contact Ben Avery, Business and Industry Division Director at 307.777.2863 or email@example.com.
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 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 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.
Wyoming Participation Challenge Loan Certification
Economic Development Large Project Program
(State Treasurer Loan Program)
The State Treasurer is authorized to lend funds for the benefit of Wyoming businesses. The loan may finance purchase, construction and installation of buildings or equipment, which will add economic value to goods, services or resources within the state. This loan program is authorized by SF 97, Senate Enrolled Act No. 62. 2014 Session, Chapter 46.
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.
Natural Gas Fueling Infrastructure Loans
A direct loan to a business for the purpose of financing qualifying costs to install a functioning natural gas filling station to fuel motor vehicles which operate on natural gas as a transportation fuel.