The purpose of the Mountainland Economic Development District Revolving Loan Fund (RLF) is to create permanent, long-term jobs within the Mountainland region of Utah by providing “gap” and start-up financing to qualified businesses for eligible activities. Loans made through the Revolving Loan Fund are intended to help bridge the gap created by shortfalls in commercial financing. Funds are repaid into the program and recycled to other businesses, thus allowing an ongoing job creation program. Funds are available for businesses located in Utah (excluding Provo and Orem), Summit, or Wasatch County.
Microloan Program.
It is the purpose of the microloan program to provide an entry level to a micro-enterprise with the potential to become a business eligible for traditional funding. This is accomplished by assisting low and moderate income citizens, women and minorities to better themselves through enterprise ownership.
AMERICAN EXPRESS GRANTS MOUNTAINLAND ASSOCIATION OF GOVERNMENTS REVOLVING LOAN FUND $25,000 TO CREATE JOBSAMERICAN EXPRESS GRANTS MOUNTAINLAND ASSOCIATION OF GOVERNMENTS REVOLVING LOAN FUND $25,000 TO CREATE JOBS |
