Wyoming Business Loans

Wyoming, with a limited populated still boasts a proud economy. Agriculture and farming have always played a crucial role in Wyoming’s economy. The mining, construction, and oil and gas extraction industry are also all key elements of the local economy. Small business loans in Wyoming have dramatically helped the states economy. SMB Compass provides business loans in Wyoming to a wide array of different industries and businesses.

Agricultural has been an important industry throughout the state’s history, with beef always being a major revenue resource. There are over 1.4 million cows in the state that provide close to $600 million to Wyoming’s economy annually. The state relays heavily on crops such as hay, barley, and corn to supplement its revenue and create jobs. While the agriculture industry has been a steady source of revenue for Wyoming, the manufacturing industry has grown vastly over the last decade and provides more than a billion dollars to the state’s economy. Electronics, machinery, metals, and chemical products are some of the most important products Wyoming manufactures annually. These manufacturing businesses use small business loans in Wyoming to cover expenses and grow their businesses.