Unless a business owner in Saratoga, Riverside or Encampment can convince the mayor of Rawlins, or an appointee, that their business benefits Rawlins, they will not be eligible for a working capital loan from $13.2 million in funding created by the Small Business Credit Initiative, an arm of the 2010 Small Business Jobs Act passed by the U.S. Congress.
Diane Wolverton, executive director of Wyoming Smart Capital Network Consortium (Consortium), created to publicize and manage the funds, said working capital loans are the hardest to get because often the business owner has no collateral.
“You a...
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