Best SBA Lenders in Sheridan, WY (2026)
2025 FOIA data: top lenders, rates & industries for Sheridan SBA loans
SBA Loans in Sheridan, Wyoming
Looking for an SBA loan in Sheridan, Wyoming? Based on 2025 FOIA data, 27 SBA 7(a) loans were funded in Sheridan totaling $15.1M, supporting an estimated 216 jobs. With 12 active lenders competing for business in the Sheridan market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Sheridan is $560K at an average rate of 10.6%. The top lender in Sheridan is Pathward National Association, with the most-funded industry being Supermarkets and Other Grocery (except Convenience) Stores. See all Wyoming SBA lenders for statewide rankings.
SBA Loans in Sheridan by Business Type
Whether you’re starting a new business in Sheridan, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 5% of SBA loans in Sheridan (2 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 66% (3 loans) — if you’re looking to buy a business in Sheridan, this is a proven use case for SBA financing. Existing businesses make up 17% and typically receive the most favorable terms.
Top SBA Lenders in Sheridan, WY (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Sheridan businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Pathward National Association | $5.0M | 1 | 9.75% |
| 2 | Port 51 Lending LLC | $4.0M | 1 | 10.25% |
| 3 | Newtek Bank, National Association | $1.6M | 5 | 11.2% |
| 4 | Northeast Bank | $1.3M | 9 | 10.75% |
| 5 | Byline Bank | $975K | 1 | 10.25% |
| 6 | Climate First Bank | $809K | 2 | 10% |
| 7 | The Huntington National Bank | $709K | 2 | 10.25% |
| 8 | U.S. Bank, National Association | $391K | 2 | 9.88% |
| 9 | Colony Bank | $150K | 1 | 11% |
| 10 | CDC Small Business Finance Corp. | $150K | 1 | 10.25% |
The top lenders in Sheridan have direct experience with local businesses and understand the Sheridan 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 Sheridan 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 Sheridan
One 5-minute application. 12+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Sheridan
These are the industries that received the most SBA 7(a) funding in Sheridan 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 |
|---|---|---|
| Supermarkets and Other Grocery (except Convenience) Stores | 1 | $4.0M |
| Marketing Consulting Services | 3 | $1.8M |
| Limited-Service Restaurants | 2 | $709K |
| Administrative Management and General Management Consulting Services | 2 | $625K |
| Automotive Parts and Accessories Stores | 1 | $525K |
| Data Processing, Hosting, and Related Services | 2 | $391K |
| All Other Professional, Scientific, and Technical Services | 2 | $367K |
| Offices of Certified Public Accountants | 1 | $150K |
| Other Accounting Services | 2 | $100K |
| Full-Service Restaurants | 1 | $75K |
Lenders with experience funding your specific industry in Sheridan 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 Sheridan
Option 1: Apply directly to one of the top Sheridan 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 Sheridan-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.
