# Small business loans in Cheyenne, WY

**Short answer:** Northeast Bank made the most SBA loans in Cheyenne, WY since FY2024, with 7. The median loan was $250,000, and half fell between $110,650 and $872,050. For free help, see the Wyoming SBDC Network. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/wyoming-small-business-loans/cheyenne/
Data as of: 2026-06-30

## Lenders making SBA loans in Cheyenne

No lender made more than 14% of the loans in Cheyenne, and Northeast Bank made the most.

**Lenders with five or more SBA loans in Cheyenne, WY, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [Northeast Bank](https://www.sbaexpress.loans/sba-express-lenders/northeast-bank/) | 7 | 13.7% |

Share is the percent of all Cheyenne loans in that period. Each name links to that lender's page for Wyoming where one exists.

Cheyenne has one lender with five or more loans since FY2024. Others had fewer, and the Wyoming page counts 61 lenders with at least one approved loan statewide.

## Local help near Cheyenne

Cheyenne borrowers can start with SBA's district office for Wyoming, an SBDC or SCORE.

37% of Cheyenne borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.

SBA has one district office for Wyoming. Its page points to state and federal resources and to lenders in the area. The Wyoming SBDC Network gives free counseling across Wyoming.

- [SBA Wyoming District Office: SBA district office](https://www.sba.gov/district/wyoming)
- [Wyoming SBDC Network: Small Business Development Center](https://www.wyomingsbdc.org/)
- [SCORE mentors in Wyoming: Business mentoring](https://www.score.org/wy/)

Alongside SBA loans, Wyoming runs two loan programs. The [Wyoming page](https://www.sbaexpress.loans/wyoming-small-business-loans/#loan-programs-in-wyoming) describes each, and the official pages are linked here.

- [Wyoming Business Council 50/50 Loan](https://wyomingbusiness.org/business/financing/loans/50-50-loan/)
- [Wyoming Business Council Succession Loan](https://wyomingbusiness.org/business/financing/loans/succession-loan/)

## Loan counts and sizes in Cheyenne

Cheyenne is the only Wyoming city with 100 or more SBA loans since FY2020. Nationally it is the 527th busiest of the 580 cities that reach 100 loans.

The 51 loans, 20.5% of the 249 in Wyoming, were approved for $39.3 million in all. The median loan was $250,000, 66% above the national median of $150,300. Half of the loans fell between $110,650 and $872,050. The Cheyenne median is 67% above the Wyoming median of $150,000.

**Cheyenne, WY compared with Wyoming and the nation, loans from FY2024 to June 2026**

| Measure | Cheyenne | Wyoming | U.S. |
| --- | --- | --- | --- |
| Loans | 51 | 249 | 162,355 |
| Median loan | $250,000 | $150,000 | $150,300 |
| 25th percentile | $110,650 | $65,000 | $50,000 |
| 75th percentile | $872,050 | $515,000 | $500,000 |
| Via SBA Express | 25.5% | 27.3% | 35.8% |
| Lines of credit | 19.6% | 19.3% | 28.1% |
| Startups | 15.7% | 11.6% | 16.1% |
| Ownership changes | 9.8% | 11.6% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 3.0 | 2.75 | 2.75 |
| Charged off | Fewer than 5 | 4.3% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

25.5% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 19.6% of loans, below the national 28.1%.

SBA loans in Cheyenne, WY by size, FY2024 to June 2026

- $50,000 or less (18%): 9
- $50,001 to $150,000 (25%): 13
- $150,001 to $350,000 (10%): 5
- $350,001 to $500,000: Fewer than 5
- $500,001 to $1,000,000 (20%): 10
- $1,000,001 to $2,000,000 (12%): 6
- Over $2,000,000: Fewer than 5

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

By business age, 52.9% of loans went to businesses more than two years old and 21.6% to businesses two years old or younger. Startups received 15.7% and changes of ownership 9.8%.

SBA loans in Cheyenne, WY by fiscal year

- FY2020: 12
- FY2021: 20
- FY2022: 18
- FY2023: 12
- FY2024: 15
- FY2025: 26
- FY2026 (through June 30): 10

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume rose 73% from FY2024 (15 loans) to FY2025 (26), the two latest full years. The busiest full year in the file was FY2025, with 26 loans. FY2026 already shows 10 loans through June 30.

Of the 50 loans Cheyenne borrowers received in FY2020 to FY2022, fewer than 5 were charged off by June 30, 2026, against 3.6% nationally. Lenders reported 563 jobs supported across the 51 loans since FY2024, about 11.0 per loan. SBA does not audit these estimates.

## What businesses in Cheyenne borrow for

Hotels (except Casino Hotels) and Motels was the largest borrower group in Cheyenne since FY2020, with 9 loans or 8.0% of the total.

The three largest industries made up 17% of all Cheyenne loans since FY2020.

**Industries with the most SBA loans in Cheyenne, WY, FY2020 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Hotels (except Casino Hotels) and Motels](https://www.sbaexpress.loans/industries/hotels-motels/) | 9 | 8.0% | 1.1% |
| [Landscaping Services](https://www.sbaexpress.loans/industries/landscaping-services/) | 5 | 4.4% | 1.7% |
| [Limited-Service Restaurants](https://www.sbaexpress.loans/industries/limited-service-restaurants/) | 5 | 4.4% | 3.3% |

Share is the percent of all Cheyenne loans in that period. Industry is the NAICS code on each loan. A name links to the Wyoming page for that industry where one exists.

## A typical loan payment in Cheyenne

The median Cheyenne loan was $250,000 with a median term of 10 years.

The median variable-rate loan in Cheyenne was priced at Prime plus 3.0 percentage points at approval. At today's Prime that spread works out to 10.00%. On $250,000 over 10 years, principal and interest would come to about $3,304 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Cheyenne loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $110,650 | $1,462 |
| Median loan | $250,000 | $3,304 |
| 75th percentile loan | $872,050 | $11,524 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $250,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.0 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Cheyenne loans approved since FY2024 had a median starting rate of 10.25% at approval, matching the national median. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $250,000 loan](https://www.sbaexpress.loans/loan-amounts/250000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Cheyenne

Cheyenne has 14 SBA 504 loans since FY2020, with $6.8 million in SBA and CDC dollars.

Fewer than five of them came in FY2024 or later, so no recent median is published. The bank's share of each project is separate and is not counted in these figures.

Wyoming Capital Access is the one Certified Development Company (CDC) named on five or more loans, 12 since FY2020.

**CDCs named on five or more 504 loans in Cheyenne, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Wyoming Capital Access | 12 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Cheyenne in Wyoming

Cheyenne made up 20.5% of Wyoming's SBA loans since FY2024.

Cheyenne is the only Wyoming city with 100 or more SBA loans since FY2020. The [Wyoming page](https://www.sbaexpress.loans/wyoming-small-business-loans/) covers all 249 loans in Wyoming.

## Common questions about SBA loans in Cheyenne

### Which lenders make the most SBA loans in Cheyenne?

Northeast Bank leads with 7 loans in Cheyenne since FY2024. Only lenders with five or more Cheyenne loans are counted.

### Which industries get SBA loans in Cheyenne?

Hotels (except Casino Hotels) and Motels leads with 9 loans in Cheyenne since FY2020. Landscaping Services (5) and Limited-Service Restaurants (5) follow.

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Wyoming District Office](https://www.sba.gov/district/wyoming)
- [Wyoming SBDC Network](https://www.wyomingsbdc.org/)
- [SCORE, Wyoming](https://www.score.org/wy/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)