Salt Lake County Economic Development Revolving Loan Fund (EDRLF)
The mission of the Economic Development Revolving Loan Fund is to promote community reinvestment and growth opportunities by providing gap financing for qualified businesses that are located within Salt Lake County’s CDBG Program service area and to create permanent, full-time jobs that primarily benefit low-to-moderate income citizens.
Loans are available for:
• Both new and existing businesses
• Starting, maintaining, and growing any business
• Short and long term periods
USDA Business & Industry Loan Guarantee Program
USDA Rural Development’s Business & Industry (B&I) Guaranteed Loan Program helps rural businesses by guaranteeing the loans of commercial lenders who might not otherwise extend credit. The B&I guarantee acts as an incentive to spur business lending in rural areas. The B&I program is fundamentally a lender-driven process. USDA cannot consider a B&I proposal in detail until a lender expresses serious interest in the project. Nevertheless, USDA will discuss prospective B&I projects with those businesses still seeking a lender so that they can be better informed when they approach potential sources of credit.