50/50 Loan
50/50 Financing Program
The 50/50 Financing Program in participation with a Bank is designed to help businesses requesting debt financing get to their next milestone. This program as set forth by W.S. 9-12-301 (a)(vi) is typically used for business expansion. The benefits are a blended interest rate that benefits the business and shared risk or increased lending capacity that could be a benefit to a Bank.
Who is Eligible
- Wyoming Businesses requesting debt financing from a Bank
- Participating Bank with a Wyoming Business as a third-party recipient
Loan Details
- WBC max participation of $2,500,00 or 50% of total project whichever is less
- The business must contribute 15% or more of total project costs
- Maximum repayment term not to exceed 10 years
Fees & Rates
- Minimum loan origination fee of 1%
- Interest rate: minimum of 4% up to Prime +2
Use of Funds
- Working Capital
- Equipment
- Inventory
- Real Estate & Other Fixed Assets
Process
- Start at the bank and let them know you are interested in the WBC 50/50 Loan
- If you don’t mention WBC 50/50 Financing Program up front, they might just give you regular bank terms
- Once the bank side is secure and sets the loan term (typically 5 years)
- Submit the application including all items on the checklist
- Loan must be approved by the WBC Board of Directors
- Funds disbursed, participation documents signed, and the loan is closed
- The bank services the loan so that the borrower only needs to make one monthly payment