Salt Lake City Emergency Loan Program

The purpose of this loan program is to provide financial relief to small businesses that will most likely see a downturn in business due to COVID-19. The program is intended to help businesses keep their employees and stay afloat during a time of economic hardship. It is meant to bridge the gap for what may be a shortened financial hardship period.

Key Benefits of the SLC Loan:

Does Not Disqualify for SBA Loans

Receiving capital for the SLC emergency loan program does not disqualify you for any SBA loan

0% Interest Rate

Interest rate for this loan is 0%

Repayment Terms

Loan repayment does not start until 90 days after the expiration of the local emergency

How and when to apply for the SLC loan?

Apply directly to the SLC Emergency Loan Program, here. The second deadline for the loan ends April 2nd at 11:59pm. Based on availability, there may be additional deadlines in the future.

Should I apply for the Salt Lake City Emergency Loan Program?

Does my business qualify for the loan?

1. Is your business within Salt Lake City limits?

2. Do you have 1- 50 employees?

Your business does not qualify

NO

YES

Is the loan forgivable?

Up to $20,000

How much will I qualify for?

Your business qualifies

No

What can the loan be used for?

  • Working capital (rent, payroll, etc.)

  • Marketing

  • Inventory

What are the terms of the loan?

1. 5 year term

2. 0% interest rate

3. Repayment will be deferred 90 days following expiration of the local emergency

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