Best SBA Lenders in Cheyenne, WY (2026)
2025 FOIA data: top lenders, rates & industries for Cheyenne SBA loans
SBA Loans in Cheyenne, Wyoming
Looking for an SBA loan in Cheyenne, Wyoming? Based on 2025 FOIA data, 36 SBA 7(a) loans were funded in Cheyenne totaling $23.6M, supporting an estimated 320 jobs. With 16 active lenders competing for business in the Cheyenne market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Cheyenne is $657K at an average rate of 10.4%. The top lender in Cheyenne is Northwest Bank, with the most-funded industry being All Other Miscellaneous Fabricated Metal Product Manufacturing. See all Wyoming SBA lenders for statewide rankings.
SBA Loans in Cheyenne by Business Type
Whether you’re starting a new business in Cheyenne, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 14% of SBA loans in Cheyenne (5 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 14% (2 loans) — if you’re looking to buy a business in Cheyenne, this is a proven use case for SBA financing. Existing businesses make up 46% and typically receive the most favorable terms.
Top SBA Lenders in Cheyenne, WY (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Cheyenne businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Northwest Bank | $5.0M | 1 | 8.5% |
| 2 | Community Bank & Trust-West Georgia | $4.1M | 1 | 10.25% |
| 3 | Live Oak Banking Company | $3.8M | 3 | 9.33% |
| 4 | US Metro Bank | $3.1M | 2 | 8.62% |
| 5 | Newtek Bank, National Association | $1.7M | 5 | 11.1% |
| 6 | Riverstone Bank | $1.6M | 2 | 8.38% |
| 7 | Readycap Lending, LLC | $1.5M | 2 | 10.38% |
| 8 | Northeast Bank | $1.4M | 10 | 11.28% |
| 9 | FMS Bank | $600K | 1 | 2% |
| 10 | Platte Valley Bank | $200K | 1 | 9.75% |
The top lenders in Cheyenne have direct experience with local businesses and understand the Cheyenne market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Cheyenne and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Cheyenne
One 5-minute application. 16+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Cheyenne
These are the industries that received the most SBA 7(a) funding in Cheyenne in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| All Other Miscellaneous Fabricated Metal Product Manufacturing | 1 | $5.0M |
| Custom Computer Programming Services | 2 | $4.7M |
| Hotels (except Casino Hotels) and Motels | 2 | $3.1M |
| Automotive Oil Change and Lubrication Shops | 1 | $2.2M |
| Insurance Agencies and Brokerages | 1 | $1.5M |
| General Automotive Repair | 2 | $1.2M |
| Couriers | 1 | $876K |
| Janitorial Services | 2 | $626K |
| Administrative Management and General Management Consulting Services | 2 | $626K |
| Advertising Agencies | 1 | $500K |
Lenders with experience funding your specific industry in Cheyenne understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Cheyenne
Option 1: Apply directly to one of the top Cheyenne lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Cheyenne-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
