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.

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SBA 504 Loans in Cheyenne, WY

Find lenders offering sba 504 loans in the Cheyenne, including Laramie, Casper, and surrounding areas. Compare rates, terms, and programs from 6 lenders.

Find Cheyenne SBA 504 Lenders →

Lenders

Typical Rate

Below market (CDC portion ~5-6%)

Down Payment

10%

Term

10-25 years

Closing Time

45-90 days

SBA 504 Lenders Serving Cheyenne

6 lenders offering sba 504 loans in the Cheyenne, WY area.

Live Oak Banking Company

SBA

WILMINGTON, NC

One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.

628 SBA loans

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U.S. Bank, National Association

SBA

Cincinnati, OH

Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.

846 SBA loans

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Readycap Lending, LLC

SBA

BERKELEY HEIGHTS, NJ

Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.

563 SBA loans

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Zions Bank, A Division of

SBA

SALT LAKE CITY, UT

Major Western U.S. bank and SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, equipment financing, and agricultural lending across the Mountain West.

256 SBA loans

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Wells Fargo

San Francisco, CA

Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.

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Mountain West Small Business Finance

SBA

Salt Lake City, UT

1 SBA loans

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Cheyenne Commercial Real Estate Market

Cheyenne is Wyoming's capital and largest city, with a compact commercial real estate market shaped by state government, F.E. Warren Air Force Base, and a growing logistics and data center sector that leverages Wyoming's tax-friendly environment and low energy costs. The downtown core along Capitol Avenue and Lincolnway has seen modest revitalization with boutique hospitality and mixed-use projects catering to the city's tourism base and government workers. The I-25 corridor and I-80 interchange areas serve as the primary zones for industrial, retail, and highway-oriented commercial development, with several data center operators establishing facilities attracted by Wyoming's lack of corporate and personal income taxes. Cheyenne's market is small but benefits from extremely low operating costs, stable government employment, and growing interest from out-of-state investors seeking tax-advantaged jurisdictions.

Key Economic Drivers

●Wyoming state government and legislative campus as the metro's largest employment anchor
●F.E. Warren Air Force Base and associated military personnel and contractors
●Data center development attracted by zero corporate income tax and low electricity rates
●I-80 and I-25 logistics crossroads supporting trucking, warehousing, and rail distribution

Market Insight

Wyoming levies no state corporate income tax, no personal income tax, and no gross receipts tax, making Cheyenne one of the most tax-efficient locations in the country for commercial property ownership and business operations.