Large Project Loan

Large Project Loan Program

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]

Process

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
Once the bank side is secure and sets the loan term
Submit the application including all items on the checklist
Loan should be recommended by the WBC Board of Directors
Loan must be approved by State Loan and Investment Board
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

Large Project Loan

Large Project Loan Program

John Wendling

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