State lending data
SBA lending in Wyoming
307 SBA 7(a) loans went to businesses in Wyoming recently, at a median of $188,900. The lenders that made them, what they charged, and how the state is trending.
307 SBA 7(a) loans went to businesses in Wyoming in the most recent fiscal years, at a median of $188,900. The most active lender in the state was Newtek Bank, with 25 loans. Approvals are down 35.5% on the year.
SBA lending in Wyoming, by the numbers
Every figure here is computed from SBA 7(a) loan-level FOIA data released 2026-06-30 — loans actually approved to businesses in Wyoming, not advertised ranges.
| Measure | Wyoming | National |
|---|---|---|
| Loans approved | 307 | 214,102 |
| Total approved | $183.6 million | $104.1 billion |
| Median loan | $188,900 | $150,000 |
| 25th – 75th percentile | $77,700 – $545,400 | $50,000 – $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.00% | 10.25% |
| Share to startups | 30.6% | 33.6% |
| Charge-off rate, FY2010–19 | 5.8% | 7.1% |
| Jobs supported | 3,139 | 2,142,602 |
| Counties with recorded lending | 19 | — |
| Lenders active in the state | 71 | — |
Is SBA lending in Wyoming growing or shrinking?
Shrinking, along with almost every other state. Comparing December 2025 to June 2026 with December 2024 to June 2025, the same months a year earlier, 7(a) approvals to businesses in Wyoming went from 76 to 49 loans, down 35.5% — while the dollars approved went from $41.5 million to $26.6 million, down 36.0%.
Wyoming is falling harder than most of the country: 47th of 51 for year-on-year change, against a national decline of 21.0%.
| Fiscal year | Loans in Wyoming | Loans nationally | State share |
|---|---|---|---|
| FY2023 | 58 | 51,747 | 0.1% |
| FY2024 | 86 | 62,618 | 0.1% |
| FY2025 | 108 | 64,096 | 0.2% |
| FY2026 (part year) | 55 | 35,641 | 0.2% |
Which lenders actually fund businesses in Wyoming
Ranked by loans approved inside Wyoming. The median, startup share and rate columns describe each lender's own Wyoming loans, not its national averages — the same bank often writes very different business from one state to the next.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Newtek Bank | 25 | $250,000 | 24% | 11.50% |
| U.S. Bank | 24 | $50,000 | 46% | 9.37% |
| Northeast Bank | 21 | $100,000 | 10% | 10.25% |
| Live Oak Banking Company | 18 | $1,010,000 | 22% | 9.25% |
| Platte Valley Bank | 17 | $75,000 | 35% | 8.25% |
What stands out about Wyoming
Reading the state's own figures against the national picture:
- Loans here run larger than average. The median of $188,900 is 26% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- Startup share is close to average, at 30.6% against 33.6% nationally.
Who borrows in Wyoming
The industry mix of SBA borrowers here, led by retail.
| Sector | Loans | Share | Median loan | To startups |
|---|---|---|---|---|
| Retail | 46 | 15.0% | $392,500 | 30% |
| Professional Services | 41 | 13.4% | $200,000 | 22% |
| Restaurants and Hotels | 34 | 11.1% | $522,700 | 38% |
| Construction | 33 | 10.7% | $150,000 | 21% |
| Admin Services | 23 | 7.5% | $112,000 | 26% |
| Personal Services | 21 | 6.8% | $206,200 | 43% |
Where the money goes in Wyoming
SBA lending is more concentrated than state totals suggest, and Laramie County alone accounts for 22% of the state's loans.
| County | Loans | Median loan | Total approved |
|---|---|---|---|
| Laramie County | 68 | $180,650 | $45.1 million |
| Natrona County | 37 | $188,900 | $15.7 million |
| Sheridan County | 36 | $388,000 | $31.5 million |
| Teton County | 30 | $131,500 | $14.9 million |
SBA 504 in Wyoming
7(a) is the general-purpose program. 504 is the one for buying the building or the heavy equipment, at a long fixed rate — a different program with its own lenders, called Certified Development Companies.
| Measure | Wyoming 504 | National 504 |
|---|---|---|
| Projects approved | 71 | 22,192 |
| Median CDC share | $538,000 | $730,000 |
| Median total project | $1,197,000 | $1,642,000 |
| Median term | 25 years | 25 years |
- Which CDCs operate here, and on what terms: SBA 504 in Wyoming
- How the two programs differ: SBA 504 loans and SBA 7(a) loans
How to use this page
- Start from the lender table, not a search engine. Shortlist three whose median loan in Wyoming is near what you need. Size match beats brand.
- Follow your industry link in the sector table for the lenders that fund your kind of business in this state specifically.
- Then your county, if it is listed, for the local picture.
- Check the payment before you apply with the affordability calculator — lenders decline on cash flow more than on anything else.
- Filter the whole lender file yourself in the lender finder if you want to combine state, industry, loan size and business age at once.
Other states
- States of comparable lending volume: Alaska, North Dakota, District of Columbia, South Dakota, Vermont, Hawaii, California, Florida
Questions people actually ask
How many SBA loans are approved in Wyoming each year?
307 SBA 7(a) loans were approved to businesses in Wyoming across fiscal years 2023 to 2026, using data released June 2026, worth $183.6 million in total. Over the most recent comparable months the number of approvals ran down 35.5% year on year, while the dollars approved ran down 36.0%.
Which bank approves the most SBA loans in Wyoming?
Newtek Bank, with 25 loans approved to businesses in the state and a median loan of $250,000. That makes it the most active, not necessarily the best fit — a lender whose median is far from your number is usually the wrong call.
Do I have to use a lender based in Wyoming?
No. SBA lenders routinely lend across state lines and several of the largest are non-bank lenders with no branches at all. What the state data tells you is which institutions are already comfortable with businesses like yours here.