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Economic Development Loan Fund (Salt Lake City) is sponsored by Salt Lake City Department of Economic Development. This fund aims to stimulate business growth, create jobs, encourage private investment, and enhance neighborhood vitality by providing loans to viable businesses that yield strong economic returns and positive social and environmental impacts.
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Economic Development Loan Fund | Department of Economic Development Department of Economic Development Phone: (801) 535-7200 | Email: [email protected] Department of Economic Development Economic Development Loan Fund Economic Development Loan Fund Economic Development Loan Fund Economic Development Loan Fund (EDLF) Interest Form – Closed The Economic Development Loan Fund is here to help Salt Lake City businesses grow and thrive.
By offering loans to local companies, the fund sparks private investment, creates jobs, and strengthens neighborhoods. Its focus goes beyond profits—supporting businesses that bring lasting economic, social, and environmental benefits to our city.
Startup and existing businesses Revenue producing non-profit ventures A business expanding or relocating to Salt Lake City Energy-efficient (e2) equipment upgrades and building retrofits Businesses impacted by construction Construction/tenant improvement and/or real estate acquisition Signage, retail presentation, and display work Fixtures, furnishings, equipment, and inventory Working capital and marketing Business must be located within Salt Lake City’s boundaries Evidence of Collateral Value Business Formation Documents (e.g., Articles of Incorporation) Pay the $120 application fee City Code 2.
44. 040 states that a public servant cannot have a financial or professional interest in a business connected to the city department in which they work. Economic Development Loan Fund (EDLF) Interest Form Thank you for your interest in the Economic Development Loan Fund (EDLF).
The interest form opens and closes in February, June, and October until available slots are full. Interest forms and applications are received and processed on a first-come, first-served basis upon available funding. The next intake period will open October 2026.
If you are interested in applying, we encourage you to check back on this page at that time. Please note that completing the interest form is a required first step to be considered for the full loan application. We appreciate your interest and look forward to supporting more businesses in the upcoming period.
For questions, contact the Department of Economic Development at 801-535-7200 or [email protected] . 1. Startup business (0-3 years old): Can apply for loans up to $100,000 2.
Existing business (3+ years old): Can apply for loans up to $350,000 3. Microloans: $25,000 or less Minimum: US Prime Rate 6.
75% Average Rate: US Prime Rate + 4% Maximum: US Prime Rate + 8% Interest rate reduction incentives are based on City goals such as supporting: Geographic priority areas Low-moderate income owners Submit materials electronically or to our office: Email: SLC Department of Economic Development City and County Building, Salt Lake City Department of Economic Development 451 South State Street, Suite 118 Salt Lake City, Utah 84114 Helpful Links for Small Businesses Utah Microenterprise Loan Fund Business Training and Mentoring: Service Corp of Retired Executives (SCORE) Goldman Sachs 10,000 Small Business Program Small Business Development Center Vest Pocket Business Coalition Benefit Corporation Information: Utah Division of Corporations and Commercial Code Salt Lake City Business Licensing Salt Lake City e2 Green Business Program Disadvantaged Business Enterprises (DBE) Ocean City Seafood Market: A go-to spot for fresh seafood, Asian ingredients, and international food items.
City Cakes Cafe: A local bakery offering vegan and gluten-free treats. The Goat Head: Bringing a unique culinary experience to Central City with a focus on vegan and vegetarian dishes. Shades of Pale Brewing: Renowned for its award-winning sours and diverse selection of craft beers.
HK Brewing Collective: An award-winning kombucha brewer dedicated to sharing the natural benefits of kombucha with the community. Parea: Serving up hand-stacked gyros and grab-and-go Greek-inspired dishes made in-house with locally sourced ingredients. Botanika: Offering a variety of healthy food options along with zero-proof beers, wines, and spirits.
Kahve Café, LLC: They specialize in gourmet roasted coffee ground and unground beans as well as traditional roasted coffee by Hugo Coffee. They also complementing their coffee selection, with a Turkish tea line consisting of traditional black tea, mixed fruit tea, and seasonal tea.
Kalo Clinical Research: They are contracted by pharmaceutical companies to provide clinical trials/studies of their drugs to patients with different health conditions. Their focus is on medicines that are specific to urgent needs of underserved areas such as diabetes, asthma, and heart disease, as well as other necessary conditions.
Mindful Living Wellness Center: They offer services to improve mental and physical wellbeing of all their clients with a heavy involvement with the local community. The wellness center provides float therapy, sound therapy, yoga, life coaching, meditation centers, infrared light therapy, messages, facial, and overall mindfulness. The Pearl Palace: A drinking and dining establishment in the Central Ninth neighborhood.
The Pearl offers unique Vietnamese-inspired food and offerings. Trackland: They are a platform developed to enhance Salesforce. This is achieved by providing a simple grid and tools that make it easy to navigate the Salesforce structure, as well as facilitating data storage and tracking, offering a comprehensive workspace, and enabling automated workflows.
Buddies, Inc.: Owner and operator of amusement rides and concessions at Liberty Park. The amusement rides there have been a public amenity for almost a century. Club Verse: Provide the LGBTQIA+ community with a safe and exciting space in which to explore personal identity with like-minded individuals.
The Current Exchange: They convert classic Porsches into electric vehicles. Their passion for both classic cars as well as new electric technology. Forty Three Bakery: They are a well-known West Side bakery that specializes in gourmet patisserie.
Han’s Kombucha: They are an award-winning kombucha brewer dedicated to sharing the naturally healthy goodness of kombucha with their community. They are continuously adding new retailers and have opened a new storefront and taproom for the community to gather. Hello!
Bulk: They are a package-free grocery store that has recently reopened its doors along the 300 West corridor. They hope to change people’s grocery shopping habits for a more sustainable and plastic-free future. Follow Department of Economic Development on Facebook Follow Department of Economic Development on Instagram
According to the current listing, eligibility includes: Viable businesses in Salt Lake City that stimulate business growth, create jobs, encourage private investment, and enhance neighborhood vitality. Confirm the full requirements in the official notice before applying.
Economic Development Loan Fund (Salt Lake City) is funded by Salt Lake City Department of Economic Development. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
Notice of Funding Opportunity for the Rural Economic Development Loan and Grant Programs for Fiscal Year 2026 is sponsored by Agriculture Department; Rural Business-Cooperative Service. The Rural Business-Cooperative Service (RBCS or Agency), a Rural Development (RD) agency of the United States Department of Agriculture (USDA), invites applications for loans and grants under the Rural Economic Development Loan and Grant Programs (REDLG or Programs) for fiscal year (FY) 2026, subject to the availability of funding. This notice is being issued prior to the passage of a FY 2026 Appropriations Act, which may or may not provide funding for this program, to allow applicants sufficient time to leverage financing, prepare and submit their applications, and give the Agency time to process applications within FY 2026. Based on FY 2025 appropriated funding and current budget situation, the Agency estimates that approximately $50,000,000 for Loans and $10,000,000 for Grants will be available for FY 2026. Successful applications will be selected by the Agency for funding and subsequently awarded to the extent that funding may ultimately be made available through appropriations. All applicants are responsible for any expenses incurred in developing their applications. Action: Notice. Published in the Federal Register on 2025-09-15. Federal Register document number: 2025-17770.
Rural Economic Development Loan and Grant Program is a grant from the U.S. Department of Agriculture (USDA) that funds rural job creation and economic development projects through local utility organizations. USDA provides zero-interest loans up to $1 million to Rural Utilities Service (RUS) electric and telecommunications borrowers, which they pass through to local businesses and community projects. Grants up to $300,000 are available to establish Revolving Loan Funds for ongoing rural lending. Eligible uses include community development assistance, facilities and equipment for education and medical care, and start-up venture costs. A 20% match is required for grants. Eligible applicants are current or former RUS electric or telecommunication borrowers and not-for-profit utilities eligible under the Rural Electrification Act.
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