State Loan and Investment Board Set to Take Action

Posted by Bobbie Frank on June 2, 2025

The State Loan and Investment Board, made up of Wyoming’s top five elected officials, is scheduled to take action on a proposed set of emergency rules, at their June 5 meeting, to implement the newly created small business emergency bridge loan program.

The program was stood up as a result of the passage of Senate File 195 during the 2025 session.  Due to a July 1, 2025, effective date it is necessary for the SLIB to proceed with emergency rules that will be in effect, if approved, no more than 120 days. The State Lands Office will initiate a regular rulemaking process, including a public comment period. GoWest will review and provide input where appropriate on behalf of Wyoming’s credit unions.

The emergency bridge loan program for small businesses aimed at assisting businesses dealing with impacts from natural disasters, if declared by the Governor.  This program will be administered through the office of state lands and investments and delivered through financial institutions in the state, including credit unions choosing to participate. The program is aimed at providing zero percent short-term bridge loans to small businesses with a two percent loan origination fee.  The emergency rules will require financial institutions to register with the State Lands and Investment Office to be eligible to assist borrowers.  Additional information on how to register will be provided following the June 5 meeting.

Posted in Advocacy on the Move, Wyoming Advocacy.