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Mountainland Association of Governments Small Business Loans Loan - PowerPoint PPT Presentation

Mountainland Association of Governments Small Business Loans Loan Programs Revolving Loan Fund $10,000 - $50,000 loans to existing and start- up businesses in our region excluding Provo and Orem Microloan Program - $500 - $5,000


  1. Mountainland Association of Governments Small Business Loans

  2. Loan Programs  Revolving Loan Fund – $10,000 - $50,000 loans to existing and start- up businesses in our region excluding Provo and Orem  Microloan Program - $500 - $5,000 loans to existing and start-up businesses in our region that meet certain income guidelines

  3. Quick Facts $500,000 CDBG Grant to start RLF  $35,000 CSBG American Recovery and  Reinvestment Act of 2009 to start Microloan Averaging 5 applications per month  10 Loans since December 2009 totaling  $190,000. 23 Jobs retained and a minimum of 10 jobs  created Terms from 6 months to 5 years  Rates 8%-10% 

  4. Revolving Loan Fund Loans Business Loan Purpose Hall’s Confections $45,000 Equipment, Inventory, New Products and Packaging, and Working Capital Lyf Gildersleeve - $10,000 Equipment, Inventory, Marketing and Advertising, and Flying Fish and Lotus Working Capital. Leaf Yoga Midway Adventure $20,000 New Equipment and Working Capital Company Mrs. Call’s Candy $50,000 Working Capital and Accounts Receivable Company Maple Mountain $10,000 Inventory and Marketing and Advertising Greenhouse MDG Cleaning Systems $10,000 Equipment Goodies Candy and Cake $30,000 Inventory and Working Capital TOTAL $175,000

  5. Microloan Progam Business Loan Purpose ELBIS Alterations and $5,000 Equipment, Inventory, and marketing Tailoring LA Dresdins $5,000 Marketing and Advertising and Working Capital. Mrs. Tuckers Gift $5,000 Inventory Baskets TOTAL $5,000

  6. Midway Adventure Company Your One Stop For Adventure Midway Adventure Co. is your one-stop shop for outdoor adventures, rentals and vacation packages in Midway. Utah. At Midway Adventure Co., we offer daily tours to top destinations with a variety of activities for everyone. Why visit Midway, Utah? Surrounded by Snowcapped mountains, lakes and rivers, Midway, UT is stunning to they eye. Midway is a mountain valley surrounded by state parks, national forests and world class skiing. Numerous camp grounds RV parks and hotels are near Midway's quent swiss Main Street area. Popular ways to experience this unique area are ATV’s , snowmobiling, hiking, river rafting, mountain biking and fly fishing. Visit the Midways premiere vacation provider, Midway Adventure Co. at 8 east Main St. in Midway, Utah. or contact us for more information.

  7. ELBIS Alterations

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