Mountainland Association of Governments Small Business Loans Loan - - PowerPoint PPT Presentation

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Mountainland Association of Governments Small Business Loans Loan - - PowerPoint PPT Presentation

Mountainland Association of Governments Small Business Loans Loan Programs Revolving Loan Fund $10,000 - $50,000 loans to existing and start- up businesses in our region excluding Provo and Orem Microloan Program - $500 - $5,000


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SLIDE 1

Mountainland Association

  • f Governments

Small Business Loans

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SLIDE 2

Loan Programs

  • Revolving Loan Fund –$10,000 -

$50,000 loans to existing and start- up businesses in our region excluding Provo and Orem

  • Microloan Program - $500 - $5,000

loans to existing and start-up businesses in our region that meet certain income guidelines

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SLIDE 3
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SLIDE 4

Quick Facts

  • $500,000 CDBG Grant to start RLF
  • $35,000 CSBG American Recovery and

Reinvestment Act of 2009 to start Microloan

  • Averaging 5 applications per month
  • 10 Loans since December 2009 totaling

$190,000.

  • 23 Jobs retained and a minimum of 10 jobs

created

  • Terms from 6 months to 5 years
  • Rates 8%-10%
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SLIDE 5

Revolving Loan Fund Loans

Business Loan Purpose

Hall’s Confections $45,000

Equipment, Inventory, New Products and Packaging, and Working Capital

Lyf Gildersleeve - Flying Fish and Lotus Leaf Yoga $10,000

Equipment, Inventory, Marketing and Advertising, and Working Capital.

Midway Adventure Company $20,000

New Equipment and Working Capital

  • Mrs. Call’s Candy

Company $50,000

Working Capital and Accounts Receivable

Maple Mountain Greenhouse $10,000

Inventory and Marketing and Advertising

MDG Cleaning Systems $10,000

Equipment

Goodies Candy and Cake $30,000

Inventory and Working Capital

TOTAL $175,000

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SLIDE 6

Microloan Progam

Business Loan Purpose

ELBIS Alterations and Tailoring $5,000

Equipment, Inventory, and marketing

LA Dresdins $5,000

Marketing and Advertising and Working Capital.

  • Mrs. Tuckers Gift

Baskets $5,000

Inventory

TOTAL $5,000

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SLIDE 7

Midway Adventure Company

Your One Stop For Adventure Midway Adventure Co. is your one-stop shop for outdoor adventures, rentals and vacation packages in Midway. Utah. At Midway Adventure Co., we offer daily tours to top destinations with a variety of activities for everyone. Why visit Midway, Utah? Surrounded by Snowcapped mountains, lakes and rivers, Midway, UT is stunning to they eye. Midway is a mountain valley surrounded by state parks, national forests and world class skiing. Numerous camp grounds RV parks and hotels are near Midway's quent swiss Main Street area. Popular ways to experience this unique area are ATV’s, snowmobiling, hiking, river rafting, mountain biking and fly fishing. Visit the Midways premiere vacation provider, Midway Adventure Co. at 8 east Main St. in Midway, Utah. or contact us for more information.

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SLIDE 8
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SLIDE 9

ELBIS Alterations