Any person, firm or corporation operating a business enterprise within the Hot Springs State Park.
No loan shall exceed one-million dollars ($1,000,000.00) to any one (1) person, firm or corporation. Interest will be set by the Board at not less than six percent (6%) or more than twelve percent (12%). Term of loan shall not exceed thirty (30) years and may be for a shorter term as determined by financial strength, repayment ability, security and other factors. Loans shall be repaid in annual installments. There is no loan application or origination fee. All loans will be secured by a mortgage or lien upon all property of the project.
Hot Springs State Park Loans can be considered at any regularly scheduled SLIB meeting.
Loan application shall be received at least sixty (60) days prior to any regularly scheduled SLIB meeting. Applicants must cure any defect in their application no later than twenty (20) calendar days prior to any regular SLIB meeting.
The following information is required for all applications:
General Financial – Please provide 3 years audited financials & current & past year’s budgets.
Copy of lease between applicant & Department of State Parks & Cultural Resources.
Copy of Master Plan, approved by the Department of State Parks & Cultural Resources, covering the project for which funding is being requested.
Submit two (2) complete unbound copies for your application, including all attachments, on legal sized paper (8 ½ x 14) to the Office of State Lands and Investments, 122 West 25th Street, Cheyenne, WY 82002
If you have any questions please call (307)777-6645