Small Business Loans in Wyoming
64,347 small businesses. 168 SBA 7(a) loans approved in FY2024. Here's what the Wyoming financing landscape looks like — and how to navigate it.
Small businesses
64,347
SBA Office of Advocacy, 2024 Profile
SBA 7(a) loans — FY2024
168
$67.2M total approved
Avg SBA loan size
$400K
FY2024 · SBA FOIA dataset
Population
584,057
U.S. Census Bureau, 2025 estimate
Wyoming has 64,000 small businesses employing 120,000 workers — 49.0 percent of the state's private workforce. In FY2024, Wyoming small businesses received 168 SBA 7(a) loans totaling $67 million, with an average loan size of approximately $400,000. Wyoming's SMB economy is shaped by three primary forces: energy (coal, oil, natural gas — Wyoming is a top energy-producing state), outdoor tourism (Yellowstone and Grand Teton national parks), and ranching. Its population of fewer than 600,000 makes it the least-populated state, but its energy wealth gives it one of the highest per-capita incomes in the Mountain West.
Wyoming has no state income tax and no corporate income tax — one of the most tax-friendly business environments in the country. This has attracted business registrations and, increasingly, cryptocurrency and digital asset businesses drawn by Wyoming's forward-looking blockchain legislation. Cheyenne and Casper are the primary business centers; Jackson Hole is a uniquely high-end resort and second-home market that creates luxury hospitality and real estate SMBs.
Wyoming has no statewide commercial financing disclosure law. The state's energy sector creates equipment financing demand for oilfield, coal mining, and natural gas processing equipment. Tourism creates seasonal hospitality financing needs. Ranching creates agricultural equipment and working capital needs — a full spectrum of SMB financing products is relevant here. Data sourced from the SBA Office of Advocacy (advocacy.sba.gov), SBA FOIA loan dataset (data.sba.gov), U.S. Census Bureau (census.gov), and the Federal Reserve Small Business Credit Survey (fedsmallbusiness.org).
Top SMB industries in Wyoming
#1
Oil, Gas & Mining
Wyoming is a leading coal, oil, and natural gas producer. Energy services SMBs access equipment financing for mining and oilfield machinery and working capital for contract operations, with financing cyclical to energy commodity prices.
#2
Agriculture & Ranching
Wyoming's cattle ranching and sheep grazing industries create agricultural SMBs with equipment financing and seasonal working capital needs. Ranch operations access SBA agricultural loans for land and livestock expansion.
#3
Tourism & Outdoor Recreation
Yellowstone and Grand Teton national parks and Jackson Hole's ski resort create significant summer and winter tourism SMB demand. Revenue-based financing and working capital lines manage the highly seasonal revenue patterns of Wyoming tourism businesses.
#4
Construction
Wyoming's energy sector and resort development (particularly in Jackson Hole) create construction SMB activity. Equipment financing and SBA 7(a) are the primary tools.
#5
Health Care & Social Assistance
Wyoming's small and dispersed population creates healthcare SMB demand in Cheyenne, Casper, and rural communities. SBA 7(a) and equipment financing support primary care and behavioral health practices.
Wyoming commercial financing disclosure
StatuteWyoming — no statewide CFDL enacted as of 2026-05-20
What this means for borrowersWyoming does not currently have a statewide commercial financing disclosure law. Commercial lending in Wyoming is governed primarily by federal law and lender-specific agreements.
CVL operating note: ClearValue Lending routes Wyoming SMB applicants to lender partners operating across all Wyoming markets.
SBA 7(a) lending in Wyoming — FY2024
Computed from SBA FOIA loan-level dataset (data.sba.gov). Aggregate of all FY2024 approved 7(a) loans with project state = WY.
| Metric | Value |
|---|---|
| Total 7(a) loans approved — FY2024 | 168 |
| Total dollar volume — FY2024 | $67.2M |
| Average loan size — FY2024 | $400K |
Source: SBA FOIA 7(a) loan dataset — data.sba.gov, as of March 31, 2026. Reflects FY2024, the most recent full fiscal year aggregated here. SBA 7(a) is one program; lenders also deploy conventional, SBA 504, USDA B&I, and private-market products.
National SBA program context (FY2025)
Nationwide, the SBA guaranteed $44.8 billion across roughly 84,400 loans in FY2025 (Oct 2024–Sept 2025), one of the program's highest-volume years. Effective May 2026, the SBA also doubled the cumulative 7(a)/504 loan limit to $10 million per borrower — expanding access for established businesses seeking repeat or larger-scale financing.
Sources: SBA FY2025 press release · SBA May 2026 loan-limit rule.
Wyoming small business financing — common questions
How many small businesses are in Wyoming? +
Wyoming has approximately 64,000 small businesses, representing 99.2 percent of all businesses in the state. They employ 120,000 workers — 49.0 percent of Wyoming's private workforce. Source: SBA Office of Advocacy, 2024 Small Business Profile.
How active is SBA 7(a) lending in Wyoming? +
Wyoming received 168 SBA 7(a) loan approvals in FY2024, totaling $67 million. The average loan size was approximately $400,000. Source: SBA FOIA loan dataset, FY2024 aggregate.
Does Wyoming have a commercial financing disclosure law? +
No. Wyoming has not enacted a statewide commercial financing disclosure law as of 2026.
What financing products work best for Wyoming small businesses? +
Energy services businesses use equipment financing and working capital. Ranching and agricultural businesses use equipment loans. Tourism businesses use revenue-based financing. Construction businesses use equipment financing and SBA 7(a). The right product depends on your industry and revenue.
Is ClearValue Lending available in Wyoming? +
Yes. ClearValue Lending routes Wyoming SMB applicants to lender partners operating across Cheyenne, Casper, Laramie, Jackson, and statewide. We are a funding platform, not a lender or broker.
What are typical eligibility minimums for Wyoming SMB financing? +
SBA 7(a) typically requires 2+ years in business, 650+ FICO, and $150,000+ annual revenue. Revenue-based financing may be available with 500+ FICO, 6+ months in business, and $10,000+ monthly revenue. All financing is subject to lender underwriting.
Sources & methodology
- SBA Office of Advocacy — 2024 Small Business Profile: Wyoming — SMB count, top industries, employment data. Underlying: Census 2021 data.
- SBA FOIA 7(a) Loan Dataset — FY2024 Wyoming Aggregate — FY2024 approval count and dollar volume, projectstate=WY, approvalfy=2024.
- U.S. Census Bureau — State Population Estimates (2025) — Wyoming population: 584,057 (July 1, 2025 estimate).
- Federal Reserve Small Business Credit Survey — 2026 Report on Employer Firms (2025 survey data) — Small business credit conditions, lender relationships, and financing outcomes. Federal Reserve System.
Editorial disclaimer: Data on this page reflects the sources cited above as of May 22, 2026. SBA 7(a) loan counts and dollar volumes are computed from the public SBA FOIA dataset. Small business counts use Census 2021 data as published by SBA Office of Advocacy in November 2024. Population figures are July 1, 2025 Census Bureau estimates. All financing is subject to lender partner approval. Not legal, tax, or financial advice.
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