Access to Capital
The WWBC offers a MicroLoan Program and an Individual Savings Account Program (IDA) to help entrepreneurs finance the start-up or expansion of their businesses. The Wyoming Women's Business Center's Loan Program was started to provide access to funds for those unable to get loans through traditional means. The Center is now accepting applications for microloans of $500 to $50,000 to help fund business start-ups or expansions. You must be a resident of Wyoming or your business must be located and registered within the State of Wyoming to apply for either of the programs. We also work with local banks and economic development organizations to coordinate funding resources to help meet your business needs.
A full-time loan counselor is available to provide guidance through every step of the loan process. For more information about our MicroLoan Program and to review the checklist and application Click Here or call the Center at (307) 460-3943 (toll free in Wyoming 1-888-524-1947) or email
Individual Development Accounts
Not interested or don't think you will qualify for a loan for your business needs? Individual Development Accounts (IDA's) are matched savings accounts that can help you save money toward starting or expanding your own business, purchasing or repairing a home, or continuing your education which would assist you in starting or improving your business. To learn more about the IDA Program and qualifications please Click Here or call the Center at (307) 460-3943 (toll free in Wyoming 1-888-524-1947) or email
Building Construction LLC is a woman-owned Limited Liability Company owned by Brandy Chauvin. BC specializes in steel and pre-cast concrete erection services. It is Building Construction’s intent to use their expertise to become the premier steel building erector in Wyoming.
Building Construction, LLC was considered a “start-up” business by traditional lending institutions and therefore was not able to obtain the working capital funds to make it through the first few projects. It was this need that brought Brandy to the Wyoming Women’s Business Center. We worked with Brandy to develop her business plan and financial projections. She took that business plan to her local bank but was unable to obtain financing. The first and second loans funded by the WWBC were the only way the owner could meet the contract’s expenses during the delayed payment period (first 30 to 60 days of a project).
Brandy’s management experience was fairly limited when she began but has seen increased confidence and knowledge in successfully bidding and managing projects. The WWBC provided business counseling to Building Construction focused on 1) developing a payment history and management behavior which would demonstrate an ability to sufficiently manage cash flow and proper use of a commercial line of credit so that they could obtain a true working capital line of credit from a bank and 2) assist Brandy over the course of the first year to more accurately create project bids which where competitive yet financially profitable. It is common for new business owners to get caught up in providing the lowest bid while sacrificing profitability so the WWBC staff helped guide Brandy in understanding the need to balance these issues and thus become a competitive yet profitable company. In addition, after about a year Brandy realized it would be cheaper to purchase a forklift to reduce their lease expense so the WWBC granted a 3rd loan for the purchase of her forklift which reduced monthly expenses by approximately $3,000.
Building Construction has repaid 2 out of 3 loans with the WWBC and has obtained a line of credit from a Wyoming Bank as well as financing for the crane seen in the picture above. They have 7 full time employees but have as many as 15 depending on the projects in process. Building Construction earned $1.3 million in profits in 2012 and has completed projects ranging from 50 to 1,000 tons of steel material per job. The buildings run anywhere from 10,000 square feet to 200,000 square feet in size.
The business is doing great and is now in its 4th year of operation. They now get calls from General Contractors instead of them doing the calling. Building Construction consistently has a list of upcoming projects and 2013 is no different. Currently they have been hired to work on the Douglas Hospital, Coffee Elementary in Sheridan, the WYO Theater in Sheridan, 3 office/warehouse buildings in Dickinson, ND and the University of Wyoming Performing Arts Building in Laramie, WY. Building Construction is currently working on Sanford Hospital in Dickinson, SD. The pictures show that project in process and also the forklift financed by the WWBC.