Business Council seeks to double business loan limit LARAMIE, WYO. (wpr) - The Wyoming Business Council wants to double the amount it can provide through Challenge Loans.

The Council's Bob Jensen says right now, the program loans Wyoming businesses up to 250-thousand dollars.

Jensen wants the cap to be 500-thousand. He says they'll make a strong case for the increased funding before a legislative committee tomorrow.

"We think the return on investment is good. The fact that it's returning on average about 5 percent back to the state, plus all the jobs created through it," Jensen said.

Jensen says the pool would be replenished by repayment of the loans so this would be a one-time infusion of money.

The Business Council meets with the Joint Minerals Committee today in Jackson. They'll ask for 18 million dollars for the loan program. © Copyright 2009, wpr