Business Loans

APPLICATION DEADLINE
Applications received by the 3rd Monday of the month will be eligible for review the following month.

Revolving Loan Fund

The purpose of the Mountainland Economic Development District Revolving Loan Fund (RLF) is to create permanent, long-term jobs within the Mountainland region of Utah by providing “gap” and start-up financing to qualified businesses for eligible activities. Loans made through the Revolving Loan Fund are intended to help bridge the gap created by shortfalls in commercial financing. Funds are repaid into the program and recycled to other businesses, thus allowing an ongoing job creation program. Funds are available for businesses located in Utah, Summit, or Wasatch County.
 
Click here for Revolving Loan Fund Application and Guidelines

Click for Revolving Loan Fund Financial Statement Spreadsheet

Microloan Program

It is the purpose of the microloan program to provide an entry level to a micro-enterprise with the potential to become a business eligible for traditional funding. This is accomplished by assisting low and moderate income citizens, women and minorities to better themselves through enterprise ownership.

Qualifications:

• Resident of Utah, Summit, or Wasatch County
• Household income of 125% of federal poverty guidelines or less

 
Click here for Microloan Application and Guidelines

Click here for Microloan Monthly Cash Flow Projection Spreadsheet

Questions?
Contact Paul Kennard
pkennard@wasatched.com
(435) 671-6690
475 North Main Street
Heber City, UT 84032