Small Business Loans

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Many entrepreneurs don’t know this, but Provo City has a revolving loan fund that typically makes $10,000 to $100,000 loans to companies that are having trouble getting financing. The Provo web site seems to be down right now, but here is a link to a short description of the Provo BDC.

I am serving on the BDC committee. We meet every month or two to consider companies that qualify for these small loans. Roger Andrus works for Provo City and helps companies prepare for their presentations to us.

I wonder how many cities in the country have small business development funds that most entrepreneurs don’t know about.

Does anyone know of an online directory of business development loan funds?

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5 Responses

  1. Linda Housinger

    I am in urgent need immediately for donations of food and toys for the needy.With all the devistation this year, donations have hit an all time low.I have my tax papers I can fax you.You can call me or even visit any time.Please won’t you help?The need is 10,000.00 by the 10th at the very latest.I need to have it to allow the radio and TV stations to know that I can meet the need.
    606-886-0972 fax 606-889-9092
    Loveline Outreach. Founded in 1983.Be blessed! Linda Housinger

  2. Latonya Harriott

    I live in Conway, SC and am a US Army veteran as well as an African American single parent.
    I have put together a business plan for a soul food restaurant in this area because there are all
    types of restaurants except this one. I recently found out that I am not eligible for any of the
    SBA’s loans because of a poor credit history. I don’t want to give up on my dream but it seems like
    it is not going to happen unless I have a miracle come through. I have had a lunch delivery service
    out of my home for the past year and have built a steady clientele, now I just need a place where
    I have more room. Can I possilby get financing or a grant to cover my start up expenses? I need 45,000
    for my start up expenses. Thank you 843-503-6711

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