Best Wyoming SBA Lenders & Rates (2026)
2025 FOIA data: top lenders, rates, industries & loan types in Wyoming
SBA Loans in Wyoming
Wyoming businesses received $68.2M in SBA 7(a) loan approvals across 147 businesses in 2025, supporting 1,102 jobs. With 44 active SBA lenders competing for business in Wyoming, comparing offers is essential — rates vary significantly by lender.
The average SBA loan in Wyoming is $464K at 10.4%, which is 0.08% above the national average of 10.32%. The top lender in Wyoming is Newtek Bank, National Association, with the most-funded industry being Specialized Freight (except Used Goods) Trucking, Local.
SBA Loans in Wyoming by Business Type
Whether you’re starting a business, buying one, or expanding an existing operation in Wyoming, here’s how SBA lending breaks down:
Startups represent 8% of Wyoming SBA loans (14 loans totaling $5.5M). Business acquisitions (change of ownership) account for 30% (12 loans, $20.2M). Existing businesses make up the largest share at 44% (90 loans). If you’re buying a business in Wyoming, acquisitions are a well-established use case for SBA 7(a) loans.
Wyoming vs. National Average
How does Wyoming’s SBA lending market compare to the national average in 2025?
Wyoming10.4%
National Avg10.32%
Wyoming’s avg rate is 0.08% higher than the national average
Wyoming$464K
National Avg$478K
Wyoming’s avg loan is 1x the national average
A rate higher than the national average of 10.32% is significant context for Wyoming borrowers. Individual rates depend on your credit profile, deal structure, loan size, and the specific lender you work with — which is why comparing multiple offers from different banks is consistently the best strategy to get the lowest possible rate on your SBA loan.
Top SBA Lenders in Wyoming (2025 Data)
The table below ranks every SBA 7(a) lender active in Wyoming in 2025 by total dollar volume approved. This data comes directly from SBA FOIA records and represents actual funded loans — not pre-qualifications or applications received.
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Newtek Bank, National Association | $5.6M | 18 | 10.88% |
| 2 | Pathward National Association | $5.3M | 2 | 10% |
| 3 | Port 51 Lending LLC | $5.2M | 2 | 10.25% |
| 4 | First Internet Bank of Indiana | $5.1M | 3 | 9.5% |
| 5 | Bank of Bridger, National Association | $5.0M | 1 | 8.8% |
| 6 | Northwest Bank | $5.0M | 1 | 8.5% |
| 7 | Live Oak Banking Company | $4.3M | 4 | 9.62% |
| 8 | Northeast Bank | $4.3M | 29 | 10.95% |
| 9 | Community Bank & Trust-West Georgia | $4.1M | 1 | 10.25% |
| 10 | US Metro Bank | $3.1M | 2 | 8.62% |
| 11 | Gulf Coast Bank and Trust Company | $2.1M | 1 | 8.5% |
| 12 | Readycap Lending, LLC | $1.8M | 5 | 12.35% |
| 13 | MISSINGMAINBANKID | $1.7M | 3 | 9.42% |
| 14 | Riverstone Bank | $1.6M | 2 | 8.38% |
| 15 | The Huntington National Bank | $1.3M | 4 | 9.88% |
Pay close attention to the “Avg Rate” column — rates vary significantly between lenders operating in the same state. The spread between the lowest and highest rate in this table can represent tens of thousands of dollars over the life of your loan. The top lenders in Wyoming have funded the most deals locally, meaning their loan officers understand Wyoming’s commercial real estate values, industry mix, and economic conditions. This familiarity typically translates into faster underwriting and more competitive terms.
However, don’t limit your search to local banks alone. Many of the top national SBA lenders fund loans across all 50 states and may offer better rates or more experience with your specific industry. An SBA loan broker like GoSBA gives you access to both Wyoming-based lenders and national lenders with a single application — ensuring you get the most competitive offer available.
Get Matched with the Best SBA Lender in Wyoming
One 5-minute application. 44 lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Wyoming
SBA lending in Wyoming reflects the state’s economic profile and business formation trends. The table below shows which industries received the most SBA 7(a) funding in Wyoming in 2025, ranked by total dollar volume:
| Industry | Loans | Volume |
|---|---|---|
| Specialized Freight (except Used Goods) Trucking, Local | 2 | $5.0M |
| All Other Miscellaneous Fabricated Metal Product Manufacturing | 1 | $5.0M |
| Custom Computer Programming Services | 2 | $4.7M |
| Hotels (except Casino Hotels) and Motels | 3 | $4.0M |
| Supermarkets and Other Grocery (except Convenience) Stores | 1 | $4.0M |
| Limited-Service Restaurants | 6 | $3.4M |
| Automotive Oil Change and Lubrication Shops | 1 | $2.2M |
| Marketing Consulting Services | 5 | $1.8M |
| Insurance Agencies and Brokerages | 2 | $1.7M |
| Administrative Management and General Management Consulting Services | 6 | $1.7M |
| Data Processing, Hosting, and Related Services | 4 | $1.5M |
| Computer Terminal and Other Computer Peripheral Equipment Manufacturin | 1 | $1.4M |
| Glass and Glazing Contractors | 1 | $1.2M |
| General Automotive Repair | 2 | $1.2M |
| Offices of All Other Miscellaneous Health Practitioners | 2 | $1.0M |
If your business operates in one of Wyoming’s top-funded industries, you’re in a strong position. Lenders who have funded dozens of similar businesses in your state understand the unit economics, seasonal revenue patterns, and typical margins for your sector. This familiarity translates into faster approvals, less documentation back-and-forth, and more accurate risk pricing — which typically means better terms for the borrower.
Even if your industry isn’t listed above, SBA 7(a) loans are available for nearly every legal business type. An SBA loan broker can identify which lenders have the most experience with your specific industry.
Top Cities for SBA Loans in Wyoming
SBA lending activity within Wyoming is concentrated in major metropolitan areas, but businesses in smaller cities and towns also receive significant funding. The table below shows where in Wyoming the most SBA 7(a) loans were funded in 2025:
| City | Loans | Volume |
|---|---|---|
| Cheyenne | 36 | $23.6M |
| Sheridan | 27 | $15.1M |
| Thermopolis | 1 | $5.0M |
| Gillette | 8 | $4.2M |
| Cody | 2 | $3.7M |
| Casper | 16 | $3.5M |
| Jackson | 17 | $3.5M |
| Laramie | 6 | $3.3M |
| Evanston | 1 | $1.2M |
| Buffalo | 3 | $678K |
How to Get an SBA Loan in Wyoming
Option 1: Apply directly to one of the top Wyoming lenders above. You’ll get a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Wyoming-active lenders simultaneously, creating competition for your deal. Better rates, faster approvals — at no cost to you.
Frequently Asked Questions
How many SBA loans were funded in Wyoming in 2025?
What is the average SBA loan interest rate in Wyoming?
Can I get an SBA loan to start a business in Wyoming?
Who is the top SBA lender in Wyoming?
What industries get the most SBA loans in Wyoming?
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Data sourced from official SBA 7(a) FOIA loan approval records for Calendar Year 2025, published by the U.S. Small Business Administration. For official information, visit sba.gov.
