Loan Programs
Alternative financing options

WCA offers alternative financing programs to assist small businesses and reduce the associated risk of commercial lenders. Each loan program has different uses, requirements, and lending criteria. For loan packaging options, technical assistance, or to determine how your business or your borrower can benefit from these loan programs, please Contact us.

SBA 504 Loan Program

The SBA 504 Loan Program is one of the most utilized small business loan programs in Wyoming and nationwide.  This program was established to help small businesses purchase capital assets (land, buildings and equipment) while preserving working capital. The 504 Loan Program is up to $5 million and enables a lower down payment than conventional financing and provides long-term, below market fixed interest rates for up to 25 years. It also reduces the risk for lenders, who retain first mortgage position.

For energy efficient projects, the 504 Green Loan Program provides a second mortgage of up to $5.5 million on a per project basis.  Borrowers must demonstrate a 10% or more reduction in energy consumption or that at least 15% of the energy produced on site was from a renewable source. 

The 504 Debt Refinancing Program provides small business owners more options to refinance debt secured by eligible fixed assets and may allow cash out to pay for certain business expenses within the next eighteen months (rent, salaries, utilities, inventory). The program is designed to help ease the financial burdens of small business owners and further job creation. The program offers the same structure, terms, and fixed interest rate options of a traditional 504 Loan. Borrowers can finance up to 90% of collateral fair market value.

WCA Direct Loan Program 

WCA’s Direct Loan Program provides loans up to $250,000 to small businesses in Wyoming for their varying business needs.  Eligible uses  including machinery, equipment, land,  building purchases, business debt refinance, acquisition of an existing business or working capital. Terms of the loans are matched to the use of funds, and interest rates are determined based on risk.

For assistance with borrower’s specific project requirements, please contact us.

These are equal opportunity loan programs. Discrimination is prohibited by Federal law. To file a complaint regarding USDA, write to: USDA, Director, Office of Civil Rights, 1400 Independence Avenue, SW, Washington, DC 20250-9410. Complaints regarding SBA applications may be filed with the Legal Department, SBA, Casper, WY 82601.