Eligible Applicants

Individuals, to be an eligible applicant, must be able to demonstrate that they are qualified Wyoming Electors as determined by Election Code Statutes of Title 22. Legal entities, to be an eligible applicant, must be able to demonstrate that a majority of the ownership is by individuals who meet the qualifications listed in subsection (a) of this section

Eligible State Loan and Investment Board (SLIB) Meetings

Farm loan applications may be considered at any regularly scheduled SLIB meeting.

Loan Terms, Interest Rates, Application Fees

: The interest rate for loans under this chapter shall be pursuant to Chapter 14 of the rules as established by the Board in accordance with current interest rates. The application fee is $100. Additionally, 1% origination fee is charged and shall be paid by the borrower at closing. The term of each loan shall be set by the Board with due regard given to repayment ability and the security offered, but in no event shall the term exceed thirty (30) years. Loans shall be payable in equal, annual installments.

Timing of Applications

(Lead Time to Qualify): Loan applications must be received by the Office of State Lands and Investments at least eight (80) days prior to any regularly scheduled SLIB meeting. Applicants must cure any defects in their applications no later than forty-five (45) calendar days regularly scheduled SLIB meeting.

Application

Each prospective borrower shall submit a written loan application, on the form furnished by the Office.

• Incomplete applications shall not be submitted to the Board for consideration.

• Any false or misleading statements made by the applicant in an application shall be grounds for summary rejection of the application.

• A fee as established by W.S. § 11-34-121 shall be deposited with the State Loan and Investment Board before the application is considered. The unused portion of the fee shall be returned to the applicant if the loan is not granted.

• Applications, financial statements, appraisals, and all other information pertaining to an application which has not been submitted to the Board shall be held as confidential information. Upon consideration by the Board, the application and all information with respect thereto in the Board's files are public records available for inspection and reproduction as provided by law.

Loan Packet

Submit complete unbound copy of your application, on legal sized paper (8 ½ x 14), and three (3) years of tax returns to Office of State Lands and Investments 122 West 25th Street Cheyenne, WY 82002

If you have any questions please call (307)777-6646