SBA loans in Wyoming: who lends, what gets bought, how it performs
Since FY2018, SBA lenders have approved 102 7(a) loans to buy an existing business in Wyoming, totaling $120M. The median loan was $699,150, 8% higher than the $645,250 national median for SBA-financed acquisitions.
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SBA lenders in Wyoming
The lenders that made the most SBA 7(a) acquisition loans in Wyoming, FY2018 to FY2026.
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Bank of Bridger National Association | 13 | 12.7% | $3.2M | |
| 2 | Live Oak Banking Company | 10 | 9.8% | $19.9M | |
| 3 | Glacier Bank | 9 | 8.8% | $4.2M | |
| 4 | Community Banks of Colorado, A Division of NBH Bank | 5 | 4.9% | $9.8M | |
| 5 | Wyoming Community Bank | 4 | 3.9% | $737K | |
| 6 | United Midwest Savings Bank National Association | 3 | 2.9% | $6.2M | |
| 7 | First Financial Bank | 3 | 2.9% | $2.5M | |
| 8 | First Interstate Bank | 3 | 2.9% | $1.9M | |
| 9 | Celtic Bank Corporation | 2 | 2.0% | $6.1M | |
| 10 | Port 51 Lending LLC | 2 | 2.0% | $5.2M |
What this tells a buyer
- Deal size band. Half of Wyoming acquisition loans fell between $254,625 and $1,615,750. The nationwide band is $283,000 to $1,465,000.
- Share of national volume. Wyoming accounts for 0.2% of all SBA acquisition loans and ranks number 47 of 54 states and territories by count.
- Industry concentration. Hotels (except Casino Hotels) and Motels is the most financed business type here (18 loans, 18% of the state). The top three industries together are 24%.
- Lender concentration. Bank of Bridger National Association made 13% of the state's acquisition loans. No single lender dominates, so there are several lenders with local acquisition experience.
- Franchise resales. 16% of acquisition loans in Wyoming involved a franchised brand; the most frequent is Holiday Inn Express (2 loans).
Wyoming acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 9 | $7.3M | $320,000 | |
| FY2019 | 8 | $9.1M | $729,500 | |
| FY2020 | 8 | $10.1M | $905,000 | |
| FY2021 | 17 | $13.9M | $396,500 | |
| FY2022 | 15 | $17.4M | $500,000 | |
| FY2023 | 12 | $19.6M | $1,736,500 | |
| FY2024 | 12 | $13.2M | $762,000 | |
| FY2025 | 10 | $18.7M | $1,347,500 | |
| FY2026 | 11 | $10.7M | $880,000 |
How often do these acquisition loans fail?
Of the 42 Wyoming acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 4.8% by loan count and 0.5% by dollars. 21 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Wyoming is 35% higher than the acquisition-loan average. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Top industries in Wyoming
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Hotels (except Casino Hotels) and Motels | 18 | 17.6% | $25M | |
| 2 | Motorcycle, ATV, and All Other Motor Vehicle Dealers | 3 | 2.9% | $6.7M | |
| 3 | Plumbing, Heating, and Air-Conditioning Contractors | 3 | 2.9% | $4.3M | |
| 4 | Pharmacies and Drug Retailers | 3 | 2.9% | $3M | |
| 5 | Full-Service Restaurants | 3 | 2.9% | $2.9M | |
| 6 | Offices of Chiropractors | 3 | 2.9% | $1.2M | |
| 7 | Farm Supplies Merchant Wholesalers | 3 | 2.9% | $669K | |
| 8 | Landscaping Services | 3 | 2.9% | $587K | |
| 9 | Environmental Consulting Services | 2 | 2.0% | $5.2M | |
| 10 | Insurance Agencies and Brokerages | 2 | 2.0% | $2.1M |
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Franchise brands bought in Wyoming
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Holiday Inn Express | 2 | 2.0% | $9.4M | |
| 2 | Best Western | 2 | 2.0% | $2.1M | |
| 3 | Rodeway Inn | 1 | 1.0% | $1.7M | |
| 4 | SYNERGY HomeCare | 1 | 1.0% | $1.4M | |
| 5 | Good Neighbor Pharmacy | 1 | 1.0% | $890K | |
| 6 | Americas Best Value Inn | 1 | 1.0% | $820K | |
| 7 | The UPS Store | 1 | 1.0% | $702K | |
| 8 | Budget Blinds | 1 | 1.0% | $433K | |
| 9 | Sonic | 1 | 1.0% | $170K | |
| 10 | Baskin-Robbins | 1 | 1.0% | $135K |
Acquisitions by industry in Wyoming
The 1 industry with the most acquisition loans in Wyoming (minimum ten). Charge-off rates appear where at least 20 loans are old enough to measure.
| Industry | Loans | Median loan | Charge-off |
|---|---|---|---|
| Hotels and Motels | 18 | $959,500 | n/a |
Questions buyers ask
How much do buyers borrow to buy a business in Wyoming?
The median SBA 7(a) acquisition loan in Wyoming was $699,150 across 102 loans (FY2018 to FY2026), 8% higher than the $645,250 national median. The middle half of loans ran from $254,625 to $1,615,750. A loan is not the purchase price: it is net of the buyer's equity injection and usually includes some working capital.
Which banks make the most SBA acquisition loans in Wyoming?
Bank of Bridger National Association (13), Live Oak Banking Company (10), Glacier Bank (9), Community Banks of Colorado, A Division of NBH Bank (5), Wyoming Community Bank (4). Bank of Bridger National Association alone accounts for 13% of Wyoming acquisition loans. See each lender page for industries and states served.
What kinds of businesses are bought with SBA loans in Wyoming?
Hotels (except Casino Hotels) and Motels (18), Motorcycle, ATV, and All Other Motor Vehicle Dealers (3), Plumbing, Heating, and Air-Conditioning Contractors (3), Pharmacies and Drug Retailers (3), Full-Service Restaurants (3). The top three industries make up 24% of the state's acquisition loans.
How often do SBA acquisition loans fail in Wyoming?
In the seasoned cohort (FY2018 to FY2021), among 42 Wyoming acquisition loans: 4.8% charged off, 35% higher than the 3.5% national acquisition average.
How does Wyoming compare with other states?
Wyoming ranks number 47 of 54 states and territories by acquisition loan count, with 0.2% of national volume (102 of 48,902 loans) and $120M approved. Browse the full state ranking.
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Related
- Hotels (except Casino Hotels) and Motels nationally
- Motorcycle, ATV, and All Other Motor Vehicle Dealers nationally
- Plumbing, Heating, and Air-Conditioning Contractors nationally
- Live Oak Banking Company
- Glacier Bank
- Community Banks of Colorado, A Division of NBH Bank
- All states
- Buyer's guide to the data
State is the project state recorded by the lender (where the acquired business operates), not the borrower's mailing state.