|
For more information on any of the loan programs listed below, contact Mike Martin, Portfolio/Loan Program Manager 307.777.2845.
Wyoming Partnership Challenge Loan
The Wyoming Business Council can partner with a local economic development organization so that combined loan proceeds assist a business "third party loan recipient." The state portion of matching funds must be secured, cannot exceed $250,000 and have a maximum loan term of 10 years.
Wyoming Partnership Bridge Loan
The Wyoming Business Council can participate with a local lender on a loan to a business. The state's portion of the participation may be up to 35% of the project (maximum of $250,000) in a shared note and collateral position with the local lender.
Wyoming Partnership Guaranteed Loan Participation
A provision of financing by the Wyoming Business Council participating with a lender that has secured a federal guarantee loan (i.e.: SBA, USDA) to guarantee repayment of a loan made to a business. The maximum participation by the Business Council shall be 50% of the loan, or $500,000, whichever is less.
Wyoming Participation Loan Guarantee
A provision of financing by the Wyoming Business Council in which the Council guarantees a portion of a bank loan made to a business.
Wyoming Participation Challenge Loan Certification
Economic Disaster Loan
A direct loan to a business in a qualifying “economic disaster area” for the amount of actual loss incurred. Economic disaster areas must be designated by the Council. Loans to businesses must be secured, cannot exceed $250,000 and have a repayment term of 10 years.
Seed Capital Loan
The Seed Capital Loan requires a 3-1 match, $1,000 application fee, maximum loan of $50,000 per business and a term up to five years. Repayment may be made at the discretion of the business within the five-year term with interest at 20% per annum.
|
Financial Tools
