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Coronavirus

Resources are available for small business owners

Business Resources
Post Date:03/24/2020 11:52 a.m.

It is an especially challenging time for the small businesses and organizations in our community. We know this and we are supporting several measures by the state to help. Among them:

business resourcesTerms of the SBA loans are as follows:

3.75% interest rate for small businesses

2.75% interest rate for nonprofits

Loan amounts up to $2 million per entity

Repayment terms up to 30 years

Here are instructions for applying for the loans. There's no requirement for a FEMA number. Businesses can only check the "Economic Injury" section. The Utah disaster number is UT00066.

  • Disaster Relief Funds. The Governor’s Office of Management and Budget also has nearly $9 million in disaster relief money set aside to support organizations and activities throughout Utah. The funds will help local health departments, meals on wheels, and senior centers.
  • Business Impact Survey. The Utah Economic Response Task Force would like your insights regarding how to reduce the economic impacts for businesses affected by COVID-19 and also, most recently, the earthquake on March 18. You can take the business impact survey here.
  • Additional Resources. Please find more information and resources here:

business.utah.gov/business-services

jobs.utah.gov/covid19

slchamber.com/coronavirus

If you’re a Utah small business owner and need help, have a question or some feedback, please contact GOED Business Services at business-services@utah.gov or 801-538-8793.

Also, look to our Economic Development page for additional resources here.

Loan Programs

 

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