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Large Project Loan

Large Project Loan Program

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The Large Project Loan Program is specifically designed for large economic impact projects as set forth by W.S. 9-12-308. These projects should have a high likelihood of completion, create jobs, increase sales and property taxes, and demonstrate a significant increase in the assessed valuation of the county or counties in which the project is located. The amount a business can qualify for is based on economic impact modeling over 3 years.  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.

Who is Eligible

  • Wyoming Businesses in need of debt financing with a total project cost of more than $5,000,000 

Loan Details

  • WBC maximum  loan amount is $25,000,000 and is set based on economic impact modeling over 3 years
  • Loan shall not exceed 75% LTV or LTC ratio whichever is less
  • The business must commit 25% or more of the total project costs through non-State funding
  • Maximum repayment term and amortization schedule are project dependent
  • The State maintains a first priority lien on all collateral 

Fees & Rates

  • Minimum loan origination fee of 1%
  •  Interest rate: minimum of Prime -1 up to Prime +7

Use of Funds

  • Working Capital
  • Equipment
  • Inventory
  • Real Estate & Other Fixed Assets

Large Project Loan Fact Sheet

John Wendling

307-214-5864

[email protected]

Contact John

Process

  1. Start at the bank and let them know you are interested in the WBC Large Project Loan
    • If you don’t mention WBC Large Loan Program up front, they might just give you regular bank terms
  2. Once the bank side is secure and sets the loan term
  3. Submit the application including all items on the checklist
  4. Loan should be recommended by the WBC Board of Directors
  5. Loan must be approved by State Loan and Investment Board
  6. Funds disbursed, participation documents signed, and the loan is closed
  7. The bank services the loan so that the borrower only needs to make one monthly payment
WBC Loan Policy
Large Loan Rules
W.S. 9-12-308
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