SBA loans by state
SBA loans in Wyoming: 102 approvals in FY 2026, median $203,100
17% of variable loans were priced at the SBA maximum. Start-ups took only 9% of approvals.
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Wyoming: 7(a) loans approved last year
102
| Your rate vs. last year’s loans of this size, all states | about the median for this size |
| Wyoming: median rate at approval, $50,001 to $250,000 | 9.75% |
| Wyoming: median 7(a) loan last year | $203,100 |
| Payment over 10 years, SBA fee added to the loan | $2,743/mo |
Last year’s loans: the 7(a) loans SBA approved from October 1, 2025 to September 30, 2026 (fiscal year 2026), in SBA’s public loan file of September 30, 2026. Rates at approval were set when prime was 6.75% or 7.00%; today: prime rate 7.00% on November 2, 2026. Your rate is compared on its margin over prime, so the change in prime since last year does not count against you.
Wyoming, FY 2026: 102 SBA 7(a) approvals for $58.3 million (49th of the 50 states and DC, SBA file of September 30, 2026). 17% of variable loans were priced at the SBA maximum. Start-ups took only 9% of approvals. The state used 504 loans heavily: 22 approvals for $18.3 million. Express was used for only 24% of loans. Franchises took only 6% of loans. 34 lenders were active, a wide field for the volume. Only 11% of the loans came from lenders based in Wyoming. Credit lines were only 14% of approvals. 28% of approvals were later cancelled. Few loans ran past 15 years: 9%. Credit unions made 5% of loans. Businesses under two years old took 19% of loans. Today’s cap on a $203,000 variable loan: 13.00%.
Fee notices read and loan file counted by Radif Partners · Editorial policy · Method and sources
| Lender | FY 2026 loans | Median loan | Median variable rate | Lender’s home state |
|---|---|---|---|---|
| Northeast Bank | 17 | $150,500 | 9.75% | Maine |
| Newtek Bank | 15 | $155,000 | 9.75% | Florida |
| U.S. Bank | 10 | $536,300 | n/a | Ohio |
| First Northern Bank of Wyoming | 8 | $106,500 | n/a | Wyoming (in-state) |
| Celtic Bank | 6 | $125,000 | n/a | Utah |
Among the most loans at the legal maximum
17% of Wyoming’s variable loans sat exactly at SBA’s cap, 4th highest among the 50 states and DC. Of the five busiest lenders, Newtek Bank priced 40% of its Wyoming variable loans at the cap. Ask any lender quoting the cap what a lower margin would require.
Lending to going concerns
Wyoming ranks 3rd lowest among the 50 states and DC for start-up lending, with 9% of loans to businesses not yet open; 59% went to firms more than two years old.
504 loans are well used
22 504 loans for $18.3 million were approved for Wyoming projects, 21.6 for every 100 7(a) loans against 10.8 nationally, with a median debenture of $562,500. The busiest certified development companies were Mountain West Small Business Finance (17) and Wyoming Capital Access (5).
Standard 7(a) more than Express
Only 24% of Wyoming’s approvals used SBA Express (34% nationally); 72% were made by Preferred Lenders under delegated authority, with the larger standard guaranty of 85% or 75%.
| Loan size | Loans | Median variable rate, FY 2026 | SBA maximum today |
|---|---|---|---|
| $50,000 or less | 16 | 13.25% | 13.50% |
| $50,001 to $250,000 | 41 | 9.75% | 13.00% |
| $250,001 to $350,000 | 12 | 9.75% | 11.50% |
| over $350,000 | 33 | 9.25% | 10.00% |
Few franchise loans
Franchise units took 6% of Wyoming’s approvals, below the 14% national share; independent businesses took nearly all the rest.
More lenders per loan than most states
34 lenders made Wyoming’s 102 loans. For that many loans, its number of lenders is the 2nd highest among the 50 states and DC. Shopping the same project to three or four of them is realistic here.
Most Wyoming loans come from out-of-state lenders
Only 11% of Wyoming’s 102 approvals came from a lender based in the state (26% on average). The volume went to lenders that work across many states, led here by Northeast Bank, Newtek Bank and U.S. Bank.
Credit lines are scarce
Only 14% of Wyoming’s SBA approvals were revolving lines, 8th lowest among the 50 states and DC. Term loans with a fixed repayment schedule make up the rest.
Counties with the most approvals: Laramie (19), Natrona (17) and Sheridan (12). Trades: custom computer programming services (4), full-service restaurants (4), meat retailers (4), fitness and recreational sports centers (3) and all other general merchandise retailers (3).
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