Financing

Financing Assistance

The Wyoming Business Council is here to help you navigate through the process of finding and securing the financial assistance necessary to launch your startup or expand your operation. Below, you will find a variety of programs for eligible businesses seeking financing.

Find a Regional Director for help financing your adventure

Resources

Challenge Loans

Our Wyoming Partnership Challenge Loan program allows us to work with private and nonprofit partners to provide numerous sources of capital for eligible businesses. Check out the links below to find a program that fits your needs.

Links

Challenge Loan Policy

Challenge Loan Rules

Partnership Challenge Loan

The Wyoming Business Council can partner with a local economic development organization to create combined loan proceeds that assist a business (third-party loan recipient). The state portion of the matching funds must be secured, cannot exceed $500,000 and have a maximum loan term of 10 years.

Links

Challenge Loan Fact Sheet

Contact Your Regional Director for more information on how to apply.

Partnership Bridge Loan

The Wyoming Business Council can participate with a local lender on a loan to a business. The state’s portion may be up to 35% of the project (maximum of $1,000,000) in a shared note and collateral position with the local lender.

Links

Bridge Loan Fact Sheet

Contact Your Regional Director for more information on how to apply.

Partnership Guaranteed Loan Participation

The Wyoming Business Council can partner with a commercial lender on loans that have a federal guarantee, such as SBA or USDA, so that combined proceeds assist a business (third-party loan recipient). The state can participate in up to 50% of the note (maximum of $2 million).

Links

Partnership Guaranteed Loan Fact Sheet

Contact Your Regional Director for more information on how to apply.

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.

Links

Main Street Loan Participation Fact Sheet

Contact Your Regional Director for more information on how to apply.

Economic Disaster Loan

The Challenge Loan statute allows a business or group of businesses to apply to the Wyoming Business Council for an Economic Disaster declaration. If the request is approved, affected individual businesses then may apply for direct Challenge loans in the amount of their actual dollar loss in order to spread their losses over several years to maintain operation.

Links

Economic Disaster Loan Fact Sheet

Natural Gas Fueling Infrastructure Loans

This program allows for 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 that operate on natural gas as a transportation fuel.

Links

Wyoming Natural Gas Fueling Infrastructure Loan Program Fact Sheet

Application

Large Project Loan

The Economic Development Large Project program authorizes the Wyoming State Treasurer to lend funds for the benefit of proposed or existing Wyoming businesses. The loan may finance the purchase, construction and installation of buildings or equipment that will add economic value to goods, services or resources within the state of Wyoming.

Current rules for the Large Project Loan Program can be found at: https://rules.wyo.gov/

Links

Large Project Loan Fact Sheet

Value-Added Ag Loan

Wyoming producers, producer groups, and agribusiness entities may work with their lenders to apply for the Value-Added Agriculture Loan program. The bank is the applicant and the producer, producer group or agribusiness entity is the beneficiary.

  • Wyoming producer/producer groups include independent producers, agricultural producer groups, farmer or rancher cooperatives and majority-controlled producer-based business ventures.
  • Wyoming agribusiness entities are those in which the final project will benefit the agriculture industry and its overall economy.

Funds may be used for machinery, equipment, and facilities necessary in the processing or packaging of an agricultural commodity.

Funds may not be used to finance working capital, for production-related expenses, or to refinance existing debt.

Links

Value-Added Ag Loan Fact Sheet

Application

Rural Development

The Wyoming Business Council offers rural development grants to organizations to improve the conditions of rural Wyoming.

Rural Development Grant Application 

Leadership
Grants of up to $2000 are available

Funding Criteria and Eligibility

Leadership is important to every community, yet many lack people stepping into leadership positions, whether formal or informal.  This program provides training from youth to adults in the following areas:

  • Leadership training
  • Leadership education
  • Leadership networking
  • Leadership mentoring opportunities.

Rural Community Development
Grants of up to $2,500 are available

Funding Criteria and Eligibility

Rural Community Development grants are microgrants designed to improve the conditions of Rural Wyoming. These grants may be used to:

  • Increase the livability of communities
  • Increase property and/or sales tax collection
  • Increase local tourism spending

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