u s small business administration



Release Date: Dec. 7, 2022

Release Number: NR23-1

Contact: jordan.belser@sba.gov

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SBA Wyoming District Office Announces $69.9 Million Through Signature Lending Programs in the Cowboy State

In fiscal year 2022, 7(a) and 504 loan programs provided 125 loans

CASPER – Today, the U.S. Small Business Administration Wyoming District Office announced the district reached $69.9 million in funding approvals to small businesses through 125 traditional loans for fiscal year (FY) 2022.

Traditional loans, which are comprised of loans through SBA’s 7(a) and 504 programs, were approved in 20 of 23 Wyoming counties. Fifty-two percent of all traditional loan approvals in Wyoming were for businesses located in rural areas.

“It has always been a priority for SBA to ensure our programs and services are available to all eligible Wyoming businesses, including those in historically underserved, rural communities,” said SBA Wyoming District Office Director Amy Lea. “It’s why we’re excited to see the majority of Wyoming’s counties represented in this loan data. And, we can’t say enough good things about our participating lenders, who continue to go above and beyond to ensure this access to capital is available state-wide.”

Thirty-two percent (48) of these traditional loan approvals were to new businesses, and 44 percent (55) were to women-owned small businesses.

“Our office and our partners at the Wyoming SBDC Network, Wyoming Women’s Business Center, and the Region VIII Veterans Business Outreach Center remain committed to helping Wyoming small businesses access the capital they need to reach their entrepreneurial goals,” SBA Wyoming District Office Deputy Director Deb Farris said. “We’ll continue to support our participating lenders with training and guidance, and we encourage any financial institution interested in providing SBA-guaranteed loans in Wyoming to reach out to our office. Our team has a terrific new Lender Relations Specialist, Tammi Hanshaw, and assisting Wyoming lenders and borrowers is her top priority.”

Overall Funding and Impact:

Fiscal year 2022 traditional lending data of note includes:

  • $48,015,100 in 7(a) loans: 98 7(a) loans worth more than $48 million were approved to Wyoming small businesses.
  • $21,889,000 in 504 loans: Working with authorized Certified Development Companies (CDCs) and third party lenders, the SBA’s 504 program approved 27 loans worth nearly $22 million to Wyoming small businesses.

 For more information about SBA’s loan programs, financial assistance, and other services, visit www.sba.gov.


About the U.S. Small Business Administration

The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.