Capital for Wyoming operators
from the Powder River to the Tetons.

Wyoming is one of the most energy-dense state economies in the country and one of the most distinctive tax environments — no individual or corporate income tax, no franchise tax, and one of the most asset-protective entity statutes in the United States. The Powder River Basin in Campbell County produces roughly 40% of US coal in a typical year, anchored by some of the largest surface mines in the world. The Sweetwater County trona belt around Green River and Rock Springs supplies the majority of the world's natural soda ash. Wyoming runs meaningful oil and gas production across the Powder River, Wind River, and Greater Green River basins, plus uranium and bentonite mining. Tourism around Yellowstone, Grand Teton, and Jackson Hole drives one of the most concentrated hospitality economies on the continent. Banks, by structure, cannot move at the pace these supply chains and seasonal cycles demand. Goliath was built to.

Our Wyoming pipeline reaches every region of the state. The Cheyenne metro brings us deal flow from the capital and government economy, F.E. Warren Air Force Base-adjacent contractors, the restaurant and retail base across downtown, and the deep trucking and logistics economy running I-25 and I-80. Casper anchors the central Wyoming oilfield-services economy. Laramie brings us University of Wyoming-tied businesses. Gillette anchors the Powder River Basin coal and energy economy. Jackson and Teton County run our highest-touch hospitality book — luxury lodges, restaurants, retail, and the contractor base that supports them. The Sweetwater belt and the rest of the Greater Green River Basin round out a state that is small in population but continental in industrial scope.

The bank-lending coverage gap in Wyoming

Wyoming has a strong community-bank tradition and yet the small-business credit gap is unusually wide because the state has so few alternative lenders with on-the-ground knowledge of Powder River Basin economics or Jackson Hole hospitality cycles. Surviving regional and national institutions structurally favor commercial real estate, oil and gas reserve lending, and high-net-worth lending over the $50K to $500K working-capital tickets that small businesses actually need. The result: a Gillette coal-haul trucking outfit, a Jackson restaurant group, a Casper oilfield service vendor, a Sheridan contractor — strong, deposit-rich businesses — frequently cannot get a timely yes from a bank. We fill that gap.

We are deposit-based underwriters. We read your four most recent months of business bank statements, your ledger, and how you actually operate the company. We do not require two years of tax returns, audited financials, or a 720 FICO. That approach is well-matched to the Wyoming mix because it accommodates the cyclical Powder River coal operator, the seasonal Jackson Hole hospitality business, the steady-cash Cheyenne federal contractor, and the project-based Casper oilfield service company on the same underwriting bench. We routinely fund operators in their first year as long as deposit patterns support the offer.

The Wyoming industry mix, the way we see it

Energy anchors the largest portion of our book — coal across the Powder River Basin, natural gas across the Greater Green River and Wind River basins, oil and gas services across Casper and the central Wyoming counties, and uranium across the Shirley Basin and Gas Hills. Mining tied to trona/soda ash in Sweetwater County, bentonite in northeastern Wyoming, and rare-earth and lithium exploration is a major and distinctive Wyoming slice. Tourism and hospitality tied to Yellowstone, Grand Teton, and Jackson Hole drive our western book. Agriculture, particularly cattle, sheep, and hay across the eastern and central counties, is a steady contributor. Government services and defense tied to F.E. Warren AFB, the Wyoming Air National Guard, and federal land-management agencies fill in our Cheyenne book. The state's no-income-tax structure has also driven a meaningful HQ-relocation and entity-domicile economy that supports professional and registered-agent services.

Wyoming is best understood as four regional economies tied together by I-25, I-80, and the rail mainlines: the Cheyenne capital and southeast corridor, the Casper central energy economy, the Powder River Basin in the northeast, and the Jackson Hole and western tourism economy. Below is how the major markets break down in our book.

Cheyenne

Cheyenne is the largest city in Wyoming and anchors the southeast corner where I-25 meets I-80. Industry mix is anchored by state government, F.E. Warren Air Force Base (the home of the 90th Missile Wing and one of the three remaining ICBM bases), the deep trucking and logistics economy running both interstates, BNSF and Union Pacific rail operations, and a meaningful data-center cluster (Microsoft, the National Center for Atmospheric Research). We fund restaurants and retail across downtown and the Cheyenne Frontier Days corridor, contractors, defense subcontractors, trucking operators, and healthcare practices.

Casper

Casper anchors central Wyoming and is the historic and current center of the state's oilfield-services economy. The economy mixes oil and gas services, refining, a meaningful healthcare base (Wyoming Medical Center), and the contractor and trucking economy that runs across the Powder River and Wind River basins. We fund oilfield service operators, restaurants and retail across downtown and the Sandbar District, contractors, healthcare practices, and trucking outfits.

Laramie

Laramie is built around the University of Wyoming and runs an economy tied to academic spending, a deep restaurant and retail base on Grand Avenue and around downtown, and a meaningful contractor and small-business economy. We fund restaurants and bars, contractors riding the steady residential build, healthcare practices, and the long tail of professional services orbiting UW. Deposit patterns reflect the academic calendar and we structure positions accordingly.

Gillette and the Powder River Basin

Gillette anchors Campbell County and the Powder River Basin coal and energy economy. The economy is dominated by coal mining (Black Thunder, North Antelope Rochelle, and the long tail of the largest surface coal mines in the world), coal-haul trucking, oil and gas services, and the restaurant, retail, and contractor base that supports the workforce. Deal sizes are typically larger here than elsewhere in Wyoming because energy-services revenue scales fast when production climbs. We fund operators across the full coal, oil, and gas supply chain.

Jackson and Teton County

Jackson Hole runs one of the most concentrated luxury-hospitality economies in the country. The economy mixes high-end lodges and hotels, fine-dining restaurants, retail, ski operations at Jackson Hole Mountain Resort and Snow King, contractors, and the long tail of professional services serving the year-round resort community. Tourism compresses revenue into roughly May through October summer season and a December through March ski season, with shoulder seasons in April and November. We fund hospitality, restaurants, retail, contractors, and the broader Jackson-area service economy.

Sweetwater County — Rock Springs and Green River

Sweetwater County anchors southwestern Wyoming and is built around the global trona (soda ash) mining and processing economy plus a meaningful natural-gas and oil base in the Greater Green River Basin. The economy mixes mining, refining, energy services, the contractor and trucking base that supports them, and the restaurant and retail economy of Rock Springs and Green River. We fund mining and energy contractors, trucking, restaurants, and the broader small-metro service economy.