The Utah Small Business Loan Fund (USBLF) recently announced a $1.72 million Revolving Loan Fund from the U.S. Economic Development Administration (EDA) as part of the CARES Act Recovery Assistance. This grant may be used to lend up to $250,000 to small businesses in Davis and other counties in Utah.
The EDA investment provides funding for administrative expenses to assist with economic development needs of small businesses and entrepreneurs that have been adversely affected either directly or indirectly by the coronavirus (COVID-19) pandemic.
Based in Salt Lake City, USBLF is a small business lending institution focused on loans ranging from $50,000 to $250,000. Parties interested in this grant can contact Kimberly Holley, Loan Administrator at kholley@usblf.org.