Utah
Utah Governor’s Office of Economic Development (GOED)
Amount — Between $5,000 to $20,000
Term — Up to a 60-month period; Loans cannot exceed three months of demonstrated operating expenses; Loan payments are deferred for 12 months
Interest — 0%
Eligibility –
Businesses with 50 or fewer employees impacted by the COVID-19 pandemic
Businesses that can demonstrate a multiplier impact on other industries
Businesses that play a key role within a strategic state supply chain
GOED will use at least 25% of the program funds to support rural Utah businesses.
Docs Required —
Financial statements — Profit and Loss, balance sheet statements for the previous year, and most recent quarter or month
Last year’s business state of Utah tax returns (2019 or 2018)
A copy of the business lease agreement or mortgage statement for the business location
How to Apply — Refer to utahgoed.info/loan for complete details
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Last Updated — March 31, 2020