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SBA 504 Loans in Wyoming

Browse 6 lenders offering sba 504 loans in Wyoming. Compare rates, requirements, and loan programs — then connect directly.

WY Lenders
6
Typical Rate
Below market (CDC portion ~5-6%)
Down Payment
10%
Term
10-25 years
Closing Time
45-90 days

SBA 504 Lenders in Wyoming

6 lenders offering sba 504 loans to borrowers in Wyoming.

About SBA 504 Loans in Wyoming

SBA 504 loans provide long-term, fixed-rate financing for major fixed assets like commercial real estate and heavy equipment. The loan is split between a bank (50%), a Certified Development Company (40%), and your down payment (10%), resulting in below-market rates on the CDC portion. In Wyoming, 6 lenders currently offer SBA 504 financing with loan amounts from $125K to $17M and rates typically ranging from Below market (CDC portion ~5-6%).

Wyoming Market Overview

Wyoming's economy is heavily dependent on mineral extraction and tourism, with Yellowstone and Grand Teton National Parks driving hospitality CRE demand. The state has the smallest population in the U.S. but offers an exceptionally tax-friendly business environment.

Wyoming has no state income tax, no corporate income tax, and no gross receipts tax, making it one of the most tax-advantaged states in the country for CRE investment and business operations. Commercial property is assessed at 11.5% of fair market value, and the state's low mill levy rates result in minimal property tax burdens. Wyoming's extremely small population and limited commercial inventory mean that CRE lending requires careful analysis of local demand drivers, as even small market disruptions can have outsized impacts on occupancy and values in communities like Cheyenne, Casper, and Jackson.

Who Should Consider SBA 504 Loans?

  • Owner-occupied commercial real estate
  • Heavy equipment purchase
  • Business expansion
  • New construction

Key Requirements

  • For-profit business
  • Net worth under $15M
  • Average net income under $5M (after taxes) for prior 2 years
  • 51%+ owner occupancy
  • Create or retain jobs (1 per $90,000 CDC)

Pros and Cons

Advantages

  • Only 10% down payment
  • Below-market fixed rate on CDC portion
  • Long terms (20-25 years for RE)
  • No balloon payments

Considerations

  • Must be owner-occupied (51%+ for existing, 60%+ for new construction)
  • Cannot be used for working capital
  • Longer closing timeline
  • Two closings (bank + CDC)

SBA 504 Loans FAQ

What is a Certified Development Company (CDC)?
CDCs are SBA-certified nonprofit organizations that partner with banks to provide the 504 loan. They handle the SBA-backed 40% portion of the financing.
Can I use SBA 504 for a rental property?
No. SBA 504 requires 51%+ owner occupancy for existing buildings. It's designed for businesses that will operate from the property.
How is the SBA 504 loan structured?
50% from a bank or lender (first lien), 40% from a CDC backed by SBA (second lien), and 10% from the borrower as down payment.

SBA 504 Loans by City in Wyoming

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