The Utah Microloan Fund (UMLF) has been making dreams come true for small business owners in Utah since 1991. They provide small business loans up to $50,000 and free business advising to entrepreneurs in start-up and existing businesses that do not qualify for traditional funding sources. With a focus on the underserved, UMLF aims to help businesses located in underserved areas and individuals with low-to-moderate income.
UMLF stands out from traditional banks with their flexible lending guidelines and mission of community impact rather than profit. They take more risks and consider factors like credit score, collateral, and history, but also place importance on a solid business plan and personal character. Whether it's helping startups receive funding or assisting established businesses in expanding, UMLF is dedicated to supporting the growth and success of Utah's small businesses.
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