Lending Is Up For Small Businesses In Wyoming
Even as economic recovery around the country stagnates, Wyoming’s small businesses seem to be receiving loans at stable levels. Stephen Parker with the Small Business Administration says the number of loans his organization helps guarantee suggests that lenders have faith in Wyoming’s economy. "We’re doing well, and in the last 33 months, we’ve done about 391 loans in Wyoming here for 125 million, which means that there has been some new capital added,” Parker says. Parker adds those numbers are up about 20-percent from the depths of the financial crisis. He says Wyoming’s good outlook is due in large part to the state’s energy industry.