Utah CDC Information

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 RevitalizationExpansion of ExportsExpansion of minority business developmentRural developmentEnhanced economic competitionRestructuring because of federally mandated standards or policiesChanges necessitated by federal budget cutbacksExpansion of small business concerns owned and controlled by veteransExpansion of small business concerns owned and controlled by womenCDC Office StaffUtah CDC shares a common goal with the State of Utah to improve the economicwell-being of its residents. Utilizing the SBA 504 Loan Program, we assist in:Retention and expansion of existing employersRecruitment of new employersThe creation of new businessesThe stimulation of new basic job creating investmentOur first goal is to assist in the expansion of existing businesses 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.