Available to existing small businesses, this loan offers a smaller amount of money to help you take the next small step forward in growing your business.
Loan Specifics:
> Loan Amount: up to $5,000
> Areas of Availability: Box Elder, Davis, Morgan, Salt Lake, Summit, Tooele, Utah, Wasatch, Weber, Cache and Rich Counties
> Maximum Repayment Term: 18 months
> Interest Rate: Prime Rate plus 6%-8%
> Processing Time: 10 business days
This loan requires you to complete a summary business plan (including a 12-month cash flow forecast). You must be prepared to demonstrate that you have generated steady sales over the previous six months.
