Utah Microenterprise Loan Fund (UMLF)

What their website says about applying

• Attend our mandatory Loan Orientation to learn about our loan program, terms, eligibility, what is required to complete an application and source
• You will submit your application and supporting documents including: source
• Tax returns, financial info, business plan, cashflow, etc. This also includes a $50 application fee paid. source
• You can preview our checklist of requirements and get source

Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.

As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.

• Low or damaged credit considered Have limited collateral, a thin credit history, or past credit challenges. source
• Collateral flexible or not always required Collateral (a car, home, or other asset) is not always a requirement for approval source
• Business plan required Tax returns, financial info, business plan, cashflow, etc. source

Only rules the lender's own pages state. Other requirements may apply.

Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Terms change — confirm with the lender before applying.

Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.

1. Is there a minimum loan amount?
   Their website gives a maximum ($50,000) but no minimum.
2. How long can I take to repay?
   No repayment terms are stated on their website.
3. Do you offer free coaching or help preparing my application?
   CDFI certification requires development services, such as training or advice, alongside lending.
4. What documents will you need from me, and how long does a decision usually take?
   Their website describes some application steps (above); ask for the full document list.

Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.

End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending September 2023 (tax year 2022; EIN 87-0495534, filed as “UTAH MICROENTERPRISE LOAN FUND”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer

Filings over time

Total assets fell 26% from Sep 2021 to Sep 2023. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).

For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section). Prime rate: FRED DPRIME.

Other certified CDFIs in Salt Lake City and Utah

• Community Development Fund of UtahLoan fund · Salt Lake City, UTHome repair / improvement loansVerified
• Rocky Mountain Community Reinvestment CorporationLoan fund · Salt Lake City, UTAffordable housing development loansVerified
• Suazo Business CenterLoan fund · Salt Lake City, UTOfficial list only

All 4 CDFIs in Utah