Utah Microloan Fund
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Welcome to the Utah Microloan Fund

We empower under-served and low income communities in Utah by providing business training and small business loans up to $50,000 to entrepreneurs in start-up & existing businesses that do not qualify for ​traditional funding sources.
Our Loans
Interested in our Online Orientation?​
Want to learn more about our loan options and process?  Our online orientation can help you navigate getting a loan for your small business from the Utah Microloan Fund. 
Begin Orientation
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​“The UMLF has helped our business immensely. Just by building our application and applying for the loan we learned so much about our finances and business needs. With the funds we received we were able to improve upon our processes and start marketing to grow our business. We love the UMLF”
Great Basin Coffee Company
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Provo, UT
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“The UMLF has been there for us as a small business when most lenders wouldn’t even return a phone call. As a company, we are very grateful for the relationship we have with the UMLF. Our first loan with the UMLF came at a time when we needed financial support.. As a business owner and an advisor to many other companies and friends, I always include the UMLF, as part of my advice to any start-up.”
The Chapel Motorcycle
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Salt Lake City, UT
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“In the last couple of years, I have had several large orders that I turned away simply because we could not afford the ingredients or machinery to fulfill them. The Utah Microloan Fund made it possible for us to take one of those big orders. It was so liberating to know I could do it. Now I want more! We are more ready than ever before for big orders! It is our time to move forward for JulieAnn Caramels!” ​
JulieAnn Caramels
Sandy, UT
Resources

Online Classes

Need help for your small business? 
View our complete free library of
online classes covering topics like 
social media, cash flow, business 
​planning and more. 
Learn More

Business of the Month


6BIT Creative LLC
"Our tagline is: visually clarifying ideas. We believe that our clients know what they want to say or do, they just need someone to guide them, interpret it and build it, that is us. And the most important, is we are a brother and sister team. Perhaps it is a brother and sister superpower, or our combined 20+ years experience and combined education, whatever the case may be, we have this creative synergy that produces some amazing work when we come together."
Read More
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Frequently Asked Questions

Have a question about our loan process? Check out our frequently asked questions for more information. 
Learn More
Who is eligible to receive a loan through Utah Microloan Fund?
​The UMLF is considered a “lender of last resort,” meaning we try to help business owners who aren’t able to receive bank financing because of poor credit, insufficient business history, insufficient collateral, etc. Our main focus is businesses that are located in underserved areas and individuals that earn low-to-moderate income.
How is the Utah Microloan Fund different from a bank loan?
If you can qualify for a bank loan we encourage you to start with our local partners who can give you a lower interest rate. Because we take on loans with higher risk our interest rates are typically 2-8% higher.
Does the Utah Microloan Fund help startups?
Yes. Banks typically require at least two years of business financials to be considered for a loan, which makes it hard for start-ups to receive funding.  We fill that gap.  If you have previously been declined from a bank loan but have a great idea you may be a good fit for us! While we consider factors like credit score, collateral, and history, a lot of what we do is based on a solid business plan and your personal character. ​
What is the process for applying for a loan?
Applicants must first go through our online orientation slide deck to learn about the program and what the application steps are. Then they fill out a form to request access to our online application page.

Banking on Women

An Entrepreneurship Course for Female Small Business Owners
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Banking on Women™ is a program for female entrepreneurs created to empower women in 
Utah to start or grow their own small business. 
*Program is currently held virtually.
Learn More

Our Partners & Sponsors

The Utah Microloan Fund would like to thank our generous program sponsors,
​donors and partners. 
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Business Growth

COVID-19
Resources

Navigating the pandemic can be 
stressful for your small business. 
View resources here. 
Learn More

Utah Small Business Blog

Read More Blog Posts

Providing business training and funding to entrepreneurs in start-up & existing businesses that do not qualify for traditional funding sources.
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Our loans
​
Loans & Processes
Orientation
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resources

Online Classes
COVID-19 Resources
​
Utah SB Resources
​

about us

About
FAQ
Our Staff
​

801-746-1180
sday@utahmicroloanfund.org
​©2021 Utah Microloan Fund • Designed by Eighth Avenue
  • Home
  • Our Loans
    • Online Orientation
  • Banking On Women
  • Resources
    • Online Classes
    • COVID-19 Resources
    • Utah Small Business Resources
  • About
    • Annual Report
    • Boards & Committees
    • Sponsors & Partners
    • FAQ
    • Our Staff
  • Blog