Small businesses in Utah have access to various funding options to support their growth and operations. Here are some potential sources of small business funding in Utah:
- Utah Small Business Administration (SBA) District Office:
- The SBA provides resources, loan programs, and support for small businesses. The Utah SBA District Office can provide information on SBA-backed loans and other assistance programs.
- Website: SBA Utah District Office
- Utah Microenterprise Loan Fund:
- The Utah Microenterprise Loan Fund (UMLF) offers loans to microenterprises, including small businesses, that may not qualify for traditional bank financing.
- Website: Utah Microenterprise Loan Fund
- Mountain West Small Business Finance:
- Mountain West Small Business Finance provides SBA 504 loans, which can be used for real estate or equipment purchases.
- Website: Mountain West Small Business Finance
- Utah Governor’s Office of Economic Development (GOED) – Business Resource Centers:
- GOED operates Business Resource Centers that offer guidance and resources for Utah entrepreneurs and small businesses, including potential funding opportunities.
- Website: Utah GOED – Business Resource Centers
- Salt Lake City Economic Development Loan Program:
- Salt Lake City offers a loan program to support economic development initiatives, including loans for small businesses.
- Website: SLC Economic Development Loan Program
- Utah Valley Entrepreneurial Forum (UVEF):
- UVEF provides networking opportunities and resources for entrepreneurs and small businesses in the Utah Valley region.
- Website: Utah Valley Entrepreneurial Forum
- Zions Bank – Small Business Loans:
- Zions Bank and other local banks may offer various small business loan options to qualified entrepreneurs.
- Website: Zions Bank Small Business Loans
- Utah Business Resource Centers:
- Local business resource centers across Utah provide assistance, workshops, and information on funding options for small businesses.
- Contact local chambers of commerce and economic development offices for information on regional business resource centers.
Before pursuing any funding option, it’s important for small business owners to carefully review the terms, eligibility criteria, and application requirements of each program. Additionally, seeking guidance from local Small Business Development Centers (SBDCs) and other business support organizations can be valuable in navigating available funding resources.