Taking ACTION Changes EVERYTHING

Take back control of your business

Create Your COVID Response Plan

Apply For Loans and Grants

Additional Information

The CARES Act HR 748 has allocated financial relief for you and your business. Compiled below are links with a quick breakdown of the main points for each option.

Follow each link for more details, but you are eligible for help if:

  • You are a company (S-Corp, C-Corp, Nonprofit)
  • You have been in business for 12 months

  • Start applying on Friday, April 3
  • 8 weeks of payroll covered at 2.5X
  • Potentially 100% forgiven
  • Apply through your bank–NOW
  • SBA Information – PPP

  • Loans up to $2m are available
  • Low fixed interest rate of 3.75%
  • Repayment terms up to 30 years & 6 months deferment
  • No collateral required
  • $10,000 advance available. Check the box on the application
  • Apply Now

  • Rules are relaxed so likely to qualify
  • 100% government backed & 6 months deferment
  • Faster process with local lenders making decisions
  • Details

  • Those currently in business with an SBA Express Lender can access up to $25,000 with limited paperwork
  • Bridges the gap while applying for an EIDL loan
  • Repaid in full or in part by proceeds from the EIDL loan
  • Apply Now

  • SBA will pay 6 months of principal, interest and fees on your SBA7(a) loan under CARES Act
  • Starts with payments due after March 27, 2020
  • This program is automatic–No need to apply

Utah Leads Together Small Business Bridge Loan Program

  • Available for businesses of 50 or fewer employees, excluding nonprofits
  • Loan amounts range from $5,000 to $20,000
  • 0% interest for up to 60 months
  • Provided through the Governor’s Office of Economic Development (GOED)
  • Details

Salt Lake City Emergency Loan Program (ELP)

  • Loans up to $20,000
  • 0% interest up to 60 months
  • Businesses must be within the Salt Lake City Limits
  • Details

For more information or to find a local disaster center, contact
SBA’S Customer Service Center 1-800-659-2955
(TTY:1-800-877-8339)
sba.gov/disaster

If your business is impacted by COVID-19, iMpact Utah can provide no-cost assistance to help you understand your next steps.

iMpact Utah Contacts:

Rick Papworth, [email protected](801) 845-4831

Win Jeanfreau, [email protected](801) 845-4863 

We’ve grouped together additional guides, news articles, and organizational links to help provide clarity and insight for your business in this moment. We’ll keep updating these as well as
discussing points they share in more detail during our free webinar series.

For more information or to find a local disaster center, contact
SBA’S Customer Service Center 1-800-659-2955
(TTY:1-800-877-8339)
sba.gov/disaster

If your business is impacted by COVID-19, iMpact Utah can provide no-cost assistance to help you understand your next steps.

iMpact Utah Contacts:

Rick Papworth, [email protected](801) 845-4831

Win Jeanfreau, [email protected](801) 845-4863 

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