Who We Are and What We Do!

Utah CDC is a Certified Development Company (CDC), authorized by the U.S. Small Business Administration (SBA) to serve the Utah Small Business Community. Working as a partner with the SBA and a private-sector lender, we assist small businesses in financing up to 90% of the purchase of long-term fixed assets, such as land, building (existing and new construction), and equipment.

The SBA 504 Loan Program's purpose is to contribute to the economic development of the community through job creation and contribution to public policy goals. The public policy goals are:

       Business District Revitalization

       Expansion of Exports

       Expansion of minority business development

       Rural development

       Enhanced economic competition

       Restructuring because of federally mandated standards or policies

       Changes necessitated by federal budget cutbacks

       Expansion of small business concerns owned and controlled by veterans

       Expansion of small business concerns owned and controlled by women

Utah CDC shares a common goal with the State of Utah to improve the economic well being of its residents. Utilizing the SBA 504 Loan Program, we assist in:

       Retention and expansion of existing employers

       Recruitment of new employers

       The creation of new businesses

       The stimulation of new basic job creating investment.

Our first goal is to assist in the expansion of existing business looking to increase their operations. Second, we wish to assist new businesses/employers who have sound financial and management skills in order to increase the overall business base.