New loans are available to businesses and non-profit organizations during the Coronavirus Crisis.
“In partnership with Utah’s congressional delegation, the state emergency management division, and the Utah Governor’s Office, we are pleased to announce that all 29 counties in Utah are now eligible to apply for low-interest loans through the Small Business Administration.
“While we recognize this loan program will not solve all of our economic challenges, it will serve as an effective tool for businesses affected by COVID-19. Additionally, Governor Herbert convened an economic council to discuss additional strategies to support local businesses. More information and recommendations will be forthcoming.
“The terms of the SBA loans are as follows:
– 3.75% interest rate for small businesses
– 2.75% interest rate for non-profits
– Repayment terms of up to 30 years
“To apply for SBA loans, please click the following link: www.sba.gov/funding-programs/disaster-assistance
“Thank you for strength and resiliency during these challenging times.”
Managing Director of Business Services
Utah Governor’s Office of Economic Development