Utah Micro Enterprise Loan FundGovernor's Department of Economic DevelopmentOur loans are designed to help people who cannot qualify for traditional small business loans. Whether loans are used for inventory, equipment, payroll or other costs, the UMLF understands that small business owners need access to money but often can’t qualify for bank loans because they lack a business history, sufficient collateral or have limited or a poor credit. You should think about other possible lending sources before considering one of our loans. If you, or key partners, are in a financial situation to borrower money elsewhere, our loans are not for you. We're not like a regular bank. We take a personal interest in you. To us, your character is as important as your business plan. We know that bad things can happen in life, such as a divorce, medical problems or job loss, that affect your credit rating. We want to talk with you about what happened, where you are now and how we can help you move forward with your business. Worried about collateral? We're flexible. While collateral is not the only thing we consider in our lending decision, we do ask you to offer what you can as a representation to us of your faith and investment in your small business endeavor. Here are some additional resources: Loan Information: 154 East Ford Avenue Suite A Utah Governor's Department of Economic Development http://business.utah.gov/partners/utah-melf/ | |
Chamber News - March 2011 |