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Buying a Business in Wyoming

The Numbers

FY2025 Acquisition Loans

12

$20.2M approved

Median Loan

$722k

FY2020 through FY2025

Loans Since FY2020

80

$97.1M in total approvals

Share of U.S. Activity

0.2%

Of change-of-ownership loans

What the Data Says

Wyoming ranks 47th of 53 states and territories for change-of-ownership SBA 7(a) lending: 80 loans since FY2020, 0.2% of the national total.

The typical deal runs large: its $722k median loan sits above the $650k midpoint across states, so expect bigger checks and the larger injection and cash flow they need.

Activity is cooling: FY2025's 12 loans ran behind the state's own ~13 a year pace since FY2020.

The most-financed target is hotels (except casino hotels) and motels (13 loans), and the 5 most active lenders wrote about 48% of the state's acquisitions, a broad lender field.

This is a thin market by national standards, so expect fewer local comparables, and build the lender shortlist deliberately.

Most Active Acquisition Lenders in Wyoming

  1. 1. Bank of Bridger National Association12 loans
  2. 2. Live Oak Banking Company9 loans
  3. 3. Glacier Bank8 loans
  4. 4. Community Banks of Colorado, A Division of NBH Bank5 loans
  5. 5. United Midwest Savings Bank National Association4 loans

A lender being active in Wyoming does not require a local branch; several top SBA lenders work nationally. Build a shortlist with Lenders.

What Gets Bought in Wyoming

  • Hotels (except Casino Hotels) and Motels13 loans
  • Offices of Certified Public Accountants3 loans
  • Plumbing, Heating, and Air-Conditioning Contractors3 loans
  • Farm Supplies Merchant Wholesalers3 loans
  • Full-Service Restaurants3 loans

Industry-specific pricing and diligence live in the Guides. Where the buyable targets sit in Wyoming, by county, is in the Wyoming buying guide.

By Metro Area in Wyoming

No metro area in Wyoming drew 20 purchase loans over FY2020 through FY2025, the floor below which a ranking of its lenders would be one or two loans.

Every metro area that drew 20 purchase loans, with three lenders each, is in the metro table.

Method & Source

Computed from the SBA 7(a) FOIA loan-level dataset (FY2020 through FY2025), filtered to approvals flagged change of ownership with a Wyoming project address. Approvals, not closings; excludes conventional and 504 financing.