Feasibility Study Data for the Cheyenne, WY Metro Area

Volume and loan size in Cheyenne

234 approvals within Cheyenne, WY over FY2017 through FY2026 come to $120.5 million in gross dollars. Worth noting: Cheyenne stands at 284 of 928 among all CBSAs by loans. Also, $165,500 sets the midpoint; half of all loans spans $50,000 to $611,250. Next, the median in Cheyenne stands at 0.80x compared with the country's median, placing the typical loan short of the country's norm. In turn, Cheyenne looks only at its own counties, not a state's blend: 234 loans in all.

Lenders and programs in Cheyenne

214 loans in 7(a) accompany 20 SBA 504 loans. 10.3% of the approvals belong to franchisees in Cheyenne. Within 7(a), the top lenders by approvals are Platte Valley Bank (WY) booking 51 loans totalling $4.9 million, Wells Fargo Bank National Association holding 21 loans and $7.1 million, followed by U.S. Bank, National Association holding 17 loans totalling $8.3 million. In turn, no 504 lender in Cheyenne has enough loans to be named. Worth noting: the names here come from SBA records for 234 loans; they record completed approvals only, never what lenders ask for in Cheyenne.

Classes, counties and the unclassified bulk in Cheyenne

Hotel and motel at 17, limited-service restaurant with 8, 7 for coffee shop and snack bar, and automotive mechanical repair with 6 rank first by class in loan count. In addition, 176 loans sit apart from all named classes, so the 234-loan file covers more than what the classes show. In turn, 5 loans in child care center inside Cheyenne are too few to show a pattern. In addition, Laramie County carries all of 234 loans, which makes area and county match. Worth noting: year by year, FY2017 kicks off at 26 loans and $5.8 million; FY2025 is the busiest year at 39 loans and $24.4 million, while FY2026, a year that has not closed, completes the run at 20 loans and $14.9 million.

What the floors allow in Cheyenne

10.9% among FY2017 to FY2024 approvals in Cheyenne were cancelled before disbursement, which is a floor. The upper figure here is withheld, so only the floor stands. For context, no loss floor is given for Cheyenne, WY; the cohort of disbursed loans is too thin, and a missing figure is not zero. Worth noting: treat each percentage on this page as a floor, since approvals made in the latest years received scant opportunity to fall through or default, across 234 loans. In addition, a Cheyenne entry on the page rests on the metro or micro area of any loan's project county, following the July 2023 CBSA list as adopted; counties get matched name to name, but a loan whose home county has no CBSA is excluded from all areas without exception. Named class or not, each SBA 7(a) or 504 loan across Cheyenne counts into its $120.5 million total.

The feasibility questions for Cheyenne

For Cheyenne, an independent study covering a site opens with the specific operator, instead of the 234-loan file. Demand in Cheyenne heads the list: does Cheyenne's household base support the income modelled, against competitors in places such as Laramie County? Then, the area median comes to 0.80x of the country's median, so many deals stay compact; a bigger scheme must make the case comparable deals justify its size. Also, debt service coverage joins income to payments for Cheyenne: expected net income compared with loan payments, along with a weak-sales case. Next, an independent appraisal settles the question on the Cheyenne site: value as built has to bear the request requested. In addition, a sponsor carrying a separate feasibility study of Cheyenne, when first approaching a bank, has faced the floors in advance; approval is for the lender and SBA for Cheyenne, never the study.