Traditional Microloans

Available to start-up and existing businesses.

Loan Specifics:

> Loan Amount: up to $25,000

> Areas of Availability: Box Elder, Davis, Morgan, Salt Lake, Summit, Tooele, Utah, Wasatch, Weber, Cache and Rich Counties

> Maximum Repayment Term: 5 years

> Interest Rate: Prime Rate plus 5%-7%

> Processing Time: three to six weeks

This loan requires you to prepare and present a thorough business plan, including financial projections.


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