Great Work — Utah

Utah Small Business Credit Initiative (USBCI)

resource active confidence: Medium status: Draft updated 2026-08-11

Type
resource
Status
Draft
Confidence
Medium
Tier
F
Builder-tier
unranked
Founder-tier
unranked
Activity-signal
2025-12-31 · https://business.utah.gov/usbci/usbci-releases-q4-2025-results-highlighting-program-performance/
Activity-checked
2026-08-14
Focus
Funding
Primary Location
Salt Lake City, UT
Utah Location
statewide
Region
statewide
Map Location
60 E South Temple, Suite 300, Salt Lake City, UT 84111
Coordinates
40.769012, -111.889122
Location Precision
exact
Location Source
https://business.utah.gov/contact/
Website
https://business.utah.gov/usbci/
Updated
2026-08-11

Summary

The Utah Small Business Credit Initiative is a GOEO program meant to expand capital access, especially for underserved businesses. The page is still too thin to recommend a product: founders must verify current lenders, terms, and eligibility on the official USBCI site.

Who It's For

Utah small businesses seeking credit access — especially operators in underserved communities — and lenders/partners participating in USBCI capital-access products. Not a substitute for venture equity; treat as a credit / capital-access pathway.

How To Use It

  1. Read the official program page for current products and partner lenders.
  2. Confirm eligibility (business size, location, use of proceeds) before applying through a participating lender.
  3. Contact GOEO capital-access staff if the site does not list a clear apply path.

How To Access It

Start with the official website, then confirm current programs before recommending.

Cost / Eligibility

Not fully specified on the Startup State card. Verify current cost (if any), lender network, geographic coverage, and eligibility on the official page.

Best Fits

Founders and Main Street operators who need debt / credit access rather than equity, especially when underserved-community mandate is relevant.

Imported Coverage

  • Startup State ID: 2592 (slug utah-small-business-credit-initiative-usbci)
  • Topics: Funding
  • Stages: Growing, Idea (pre-revenue), Product Built (pre-revenue), Product Built (revenue)
  • Communities: —
  • Industries: Aerospace and Defense, Agriculture, Arts and Entertainment and Recreation, Consumer Packaged Goods, Financial Services, Hospitality and Food Services, Life Sciences and Healthcare, Manufacturing, Other, Software and Information Technology
  • Locations: Beaver, Box Elder, Cache, Carbon, Daggett, Davis, Duchesne, Emery, Garfield, Grand, Iron, Juab, Kane, Millard, Morgan, Piute, Rich, Salt Lake, San Juan, Sanpete, Sevier, Summit, Tooele, Uintah, Utah, Wasatch, Washington, Wayne, Weber
  • Listing modified: 2024-12-10T12:03:38

Evidence

Open Questions

  • Which lenders participate today, and what product types (loan guarantees, SSBCI-style facilities, etc.) are active?
  • What are the hard eligibility cutoffs (revenue, employees, NAICS, geography)?