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?