Micro Business Loans

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.


  • Business is located in Utah, Summit, or Wasatch County.
  • Successful participation in the UVU SBDC program.
  • A minimum of one job created for every $3,500 loaned.


  • $500$5,000 loans available.
  • Interest rates will not exceed seven points above the Wall Street Journal Prime Rate (fixed over the loan term).
  • Loan terms of six months to three years will be available.


  • Origination and recording fees are 1.5% of the loan amount for each year of the loan and are financed into the loan. These fees are used to defray administrative and monitoring expenses.



Michelle Carroll
586 East 800 North
Orem, UT 84097
(801) 229-3833
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