About Us

Since 1991, the Utah Microloan Fund has made the dreams of Utah small business owners a reality.

We are a non-profit Community Development Financial Institution (CDFI), a designation given by the CDFI Fund to specialized organizations that provide financial services in low-income communities and to people who lack access to financing.

Located in Salt Lake City, we serve the entire state of Utah.

Our Mission

Vision

Our mission is to empower underserved communities throughout Utah by providing business training and microloans to entrepreneurs in start-up & existing businesses that do not qualify for traditional funding sources.

To foster financial empowerment and entrepreneurship, we envision a future where underserved individuals thrive through accessible resources and tailored support.

Who We Serve

Tania Rodriguez, Los Churros Del Norte

We help people who:

Are just starting out and don’t have an operating history.
Don’t have enough collateral or cash flow for a traditional bank loan.
Have had life events that have impacted their credit history.
Have ITIN status and need access to funding.
Are looking to continue their business education.

We are unable to fund:

MLM's
Real estate or building purchases
Businesses not registered in the state of Utah

Our Process

We want to ensure you feel ready and prepared to apply for a loan. Let us walk you through the basic steps we’ll take together so that you know what to expect.

Complete Loan Orientation

Held every Tuesday at 9am virtually. A Spanish version of the slides is also available online. Sign up at www.utahmicroloanfund.org/upcomingclasses

Fill Out Inquiry Form

This form includes information about you, your business, and the funding you are looking for. Once verified, we will then add you to Lenderfit, our online application system.

Complete Your Application

You will submit your application and supporting documents including:
Tax returns, financial info, business plan, cashflow, etc. This also includes a $50 application fee paid either by check or cash.

Present to Our Team

Once your application is complete you will present to our team. We will set up a date for you to present virtually via Zoom. This is a 30 minute meeting.

If Approved

We will close your loan in approximately one week after you submit the necessary closing documents in order to receive your funds.

Ready to take the next step?

Let's get you started!

Take Orientation

Apply Here

Need Other Resources?

Nicole and Chris Carver, Tonyburgers

In addition to loans for small businesses, we provide:

Personalized mentoring
Connection to advising partners
Resource Guides here
Bi-Monthly business education classes
Digital Class Library of past classes

Check Out Classes

Small Business Resource Guide

Banking on Women™

In Partnership with

Banking on Women™ is our program for female entrepreneurs with the purpose of empowering womxn in Utah to start or grow their own small business.

Whether you are in the planning phase of a startup or have been in business for years, this course was developed to help you succeed in the world of business all while building a strong network with other like-minded women. It definitely takes a village!

Banking on Women, a trademark of Synchrony, and the financial sponsor of the program, offers a full scholarship to those accepted.