The purpose of the WSCN Growth Capital Program is to create jobs by helping businesses access capital. It was funded by the U.S. Department of Treasury as part of the SSBCI program through the Small Business Jobs Act of 2010. This program was created by a coalition of 17 Wyoming municipalities who joined together to bring this capital resource to their communities. In 2018, WSCN expanded its services to the 10 counties of the original 17 Wyoming municipalities.
Business Capital can be difficult to obtain due to lending requirements. WSCN can help by purchasing 25% of the total loan amount and subordinating its interest to the participating lending institution, thereby increasing a borrower’s lending capability. The participating bank will service the loan as they normally would.