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County2nd of 22 in Wyoming by approvalsFIPS 56033
SBA loans in Sheridan County, Wyoming
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Sheridan County, Wyoming, received 92 SBA loan approvals worth $64.4M in FY2021 to FY2025 (70 7(a), 22 504).
That is 34.5 approvals per 1,000 business establishments (2,670 establishments in 2023), above the Wyoming figure of 26.6 and below the national 41.0.
It ranks 2nd of 22 Wyoming counties with approvals. In FY2025 there were 36, up 100% on FY2024.
34 lenders had approvals here; the most active were Mountain West Small Business Finance (18), Northeast Bank (10) and Newtek Bank, National Association (6). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Sheridan County
By number of approvals to businesses in the county, FY2021–FY2025; 34 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 18 | $8.7M | 19.6% | |
| 2 | Northeast BankLewiston, ME | 10 | $1.8M | 10.9% | |
| 3 | Newtek Bank, National AssociationMiami, FL | 6 | $1.8M | 6.5% | |
| 4 | Glacier BankKalispell, MT | 5 | $7.4M | 5.4% | |
| 5 | The Huntington National BankColumbus, OH | 5 | $1.7M | 5.4% | |
| 6 | Wyoming Capital AccessCasper, WY · CDC | 4 | $5.9M | 4.3% | |
| 7 | Newtek Small Business Finance, Inc.Lake Success, NY | 4 | $5.3M | 4.3% | |
| 8 | U.S. Bank, National AssociationCincinnati, OH | 4 | $463K | 4.3% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 3 | $1.8M | 3.3% | |
| 10 | Port 51 Lending LLCNew York, NY | 2 | — | 2.2% | |
| 11 | UniBankLynnwood, WA | 2 | — | 2.2% | |
| 12 | Alaska Growth Capital BIDCO, Inc.Anchorage, AK | 2 | — | 2.2% | |
| 13 | FDIC - Community Bank & Trust-West GeorgiaLagrange, GA | 2 | — | 2.2% | |
| 14 | First Interstate BankBillings, MT | 2 | — | 2.2% | |
| 15 | Climate First BankSt. Petersburg, FL | 2 | — | 2.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 9 | 9.8% | |
| 2 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 9 | 9.8% | |
| 3 | Other Miscellaneous RetailersNAICS 4599 | 7 | 7.6% | |
| 4 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 6 | 6.5% | |
| 5 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 6 | 6.5% | |
| 6 | Other Fabricated Metal Product ManufacturingNAICS 3329 | 4 | 4.3% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 4.3% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 4.3% | |
| 9 | Computer Systems Design and Related ServicesNAICS 5415 | 3 | 3.3% | |
| 10 | Professional and Commercial Equipment and Supplies Merchant WholesalersNAICS 4234 | 2 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 26 | 28.3% | |
| 2 | Retail Trade | 21 | 22.8% | |
| 3 | Accommodation and Food Services | 11 | 12.0% | |
| 4 | Construction | 8 | 8.7% | |
| 5 | Wholesale Trade | 4 | 4.3% | |
| 6 | Information | 4 | 4.3% | |
| 7 | Manufacturing | 4 | 4.3% | |
| 8 | Other Services (except Public Administration) | 4 | 4.3% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 8 | $795K | $79K | 2 | — | 10 | 38 |
| FY2025 | 31 | $16.2M | $150K | 5 | $2.5M | 36 | 295 |
| FY2024 | 12 | $6.4M | $350K | 6 | $3.5M | 18 | 139 |
| FY2023 | 7 | $13.9M | $776K | 1 | — | 8 | 253 |
| FY2022 | 12 | $2.3M | $153K | 5 | $6.8M | 17 | 82 |
| FY2021 | 8 | $10.8M | $787K | 5 | $1.7M | 13 | 58 |
| FY2020 | 2 | — | — | 4 | $1.7M | 6 | 19 |
| FY2019 | 3 | $28K | $10K | 2 | — | 5 | 4 |
| FY2018 | 9 | $1.9M | $35K | 4 | $1.2M | 13 | 25 |
| FY2017 | 18 | $2.6M | $33K | 1 | — | 19 | 101 |
| FY2016 | 25 | $7.2M | $85K | 2 | — | 27 | 200 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 70 approvals.
Against Wyoming and the country
| FY2021–FY2025 | Sheridan County | Wyoming | United States |
|---|---|---|---|
| Approvals | 92 | 635 | 342,825 |
| Approvals per 1,000 establishments | 34.5 | 26.6 | 41.0 |
| Median 7(a) approval | $275K | $177K | $190K |
| Median 504 approval | $437K | $415K | $657K |
| Average approval | $699K | $576K | $573K |
| 504 share of approvals | 23.9% | 18.1% | 11.0% |
| Jobs supported per approval, as reported | 9.0 | 9.4 | 10.5 |
| Share of state approvals | 14.5% | 100.0% | — |
Approval sizes
- $50,000 or less14.1%13
- $50,001 to $150,00021.7%20
- $150,001 to $350,00022.8%21
- $350,001 to $1 million25.0%23
- $1 million to $2 million6.5%6
- Over $2 million9.8%9
Age of the businesses
- Existing, more than 2 years old57.6%53
- New business, 2 years or less17.4%16
- Startup, loan funds will open the business14.1%13
- Change of ownership10.9%10
Questions and answers
Which lenders make the most SBA loans in Sheridan County?
By approvals in FY2021 to FY2025: Mountain West Small Business Finance (18), Northeast Bank (10), Newtek Bank, National Association (6), Glacier Bank (5), The Huntington National Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Sheridan County?
The median 7(a) approval was $275K and the median 504 approval $437K; the Wyoming 7(a) median was $177K.
Which industries get the most SBA loans in Sheridan County?
Restaurants and Other Eating Places (9); Management, Scientific, and Technical Consulting Services (9); Other Miscellaneous Retailers (7); Accounting, Tax Preparation, Bookkeeping, and Payroll Services (6); Other Professional, Scientific, and Technical Services (6).
Is SBA lending in Sheridan County rising?
Approvals in the three latest complete fiscal years total 62, against 36 in the three before: rising (+72%).
How does Sheridan County compare with the rest of Wyoming?
34.5 approvals per 1,000 establishments against 26.6 statewide, and 92 of the state's 635 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error