One of the most frequently asked questions by small business owners and entrepreneurs is, “Where do I start” to look for low-interest financing to expand and grow my business! Most small business owners have some knowledge of the various SBA (U.S. Small Business Administration) loan programs, but are not always sure of exactly where to make the first contact. The SBA 504 loan program is one of the most popular and widely used business loan programs in Wyoming and throughout the country.

There are several ways to learn about and access the various SBA loan programs; contact the local SBA office listed in your phone book, ask your local banker for information on the SBA loan appropriate to meet your business financing needs, or contact WIDC~Frontier CDC, Wyoming’s statewide source for SBA loan programs and other small business financing programs. Frontier CDC loan officers are experienced in identifying the SBA loan program which best suits the individual needs of the business, and in getting the business owner started on the loan application process. When necessary, they will recommend a local bank to participate in the actual lending process.

It is important to note that whether a small business owner has a working relationship with a bank or not, they can still pursue the SBA loan programs through WIDC~Frontier CDC. Frontier CDC was established at the request of the SBA, to be the source for SBA 504 loans in Wyoming. Since that time, Frontier CDC has helped more than 350 Wyoming small businesses secure SBA 504 loan program business financing.

For access to one of the best sources of information about the various SBA loan programs, visit the WIDC~Frontier CDC website: www.widcfrontier.com, then click on Loan Programs. There you will find a brief overview of each of the SBA loan programs, how the funds can be used, types of businesses that can apply for the funds, a helpful checklist of the information required to begin the loan application process, and much more.