Not So Hard Money and Bridge Loans in Wyoming
Wyoming is a state in the mountain region of the western United States. The state is the 10th largest by area, the least populous, and the second most sparsely populated state in the country. Wyoming is bordered on the north by Montana, on the east by South Dakota and Nebraska, on the south by Colorado, on the southwest by Utah, and on the west by Idaho and Montana. The state population was estimated at 577,737 in 2018, which is less than 31 of the most populous U.S. cities including Denver in neighboring Colorado. Cheyenne is the state capital and the most populous city, with an estimated population of 63,624 in 2017. According to the 2012 United States Bureau of Economic Analysis report, Wyoming’s gross state product was $38.4 billion.
The mineral extraction industry and travel and tourism sector are the main drivers behind Wyoming’s economy. The federal government owns about 50% of its landmass, while 6% is controlled by the state. Total taxable values of mining production in Wyoming for 2001 was over $6.7 billion. The tourism industry accounts for over $2 billion in revenue for the state.
Wyoming is the home of only a handful of companies with a regional or national presence. Taco John’s and Sierra Trading Post, both in Cheyenne, are privately held. Cloud Peak Energy in Gillette and U.S. Energy Corp. (NASDAQ: USEG) in Riverton are Wyoming’s only publicly traded companies.
We’re excited to be funding in the state of Wyoming and to be a part of its economic growth. Our Not So Hard Money® loans are available across the state of Wyoming.