Who We Are and What We Do
IMBL 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 through SBA 504 loans 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 the public policy goals.
Public Policy Goals:
• 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
IMBL shares a common goal with the State of Utah to improve the economic well-being of its residents.
SBA 504 Loan Program
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 businesses looking to increase their operations.
Secondly, we wish to assist new businesses/employers who have sound financial and management skills in order to increase the overall business base.