Funding Resources

Whether you are starting a new business or expanding an existing one finding the necessary financing and capital is a challenge. We offer workshops and one-on-one business consulting to help deliver essential information on potential funding sources.

Other Resources

Startup Capital

The reality, startups are a tricky investment because they usually have little value in the beginning.

Turning that idea into a business usually means out of the box thinking when getting the startup cash you need.

Small Business

We wish we could say funding your small business is pretty straight forward. There are a lot of factors that are considered for different funding sources.

  • The type of business you are
  • The amount of funding you need
  • How you intend to use the funds
  • How long you have been in business
  • What your annual revenue is
  • Your credit score (both your personal and business)
  • The industry you are in

We are here to help you navigate the process, understand the concepts, and sort through the jargon.

Register with the SBDC to meet with a business consultant to talk about financing your business.

Register with SBDC

Expansion Funding

Expansion capital is often used for things like:

  • Increased expenses
  • Inventory levels
  • Plant and equipment capacity
  • Increased working capital levels
  • Marketing costs

The pace of company growth varies. However, you will begin to feel the growing pains. You may find yourself needed expansion funds to keep up with organic growth, launch new products, build new locations, and acquire new customers. We always recommend running a needs assessment and strategies for best practices in the funding sources you pursue.

Short-Term Intensive Training (STIT)
workforce occupation training or continuing education

"I can't afford it" is no longer an excuse! We need you, and we are ready to help. Would you like to receive an education for your current job? Getting a promotion? or become qualified for positions open in your local area?

Short Term Intensive Training (STIT) funds are available for some non-credit courses. If funds are available and approved, these funds will pay for up to 50% of the course fees.

STIT provides:

  • On-demand canvas courses
  • Professional training, utilizing qualified instructor
  • Training with start dates throughout the year

Learn more

Custom Fit
workforce development and employee training

Utah businesses can qualify to use the Utah State Legislature's Custom Fit Program funds. Designed to be a training solution for startups, established, and growing companies.

Custom Fit Training's goal is to help organizations develop a qualified employee base. Companies receive training consulting services and funding assistance for high-quality, short-term, training that aligns with industry-specific needs.

In recent surveys of our areas, top needs are what we can help with.

  1. Customer Service
  2. Industry Certified Employees
  3. Developing a high-performing team through management and leadership skills.
  4. On-demand canvas courses for soft and hard skills. 

Learn more

Disaster Assistance

To help protect small business owners, the SBA Office of Disaster Assistance (ODA) provides relief funds, loans, and additional resources.

These are primarily are for the repairs and rebuilding of non-farm, private sector disaster losses.

Small businesses struggling to survive the COVID-19 pandemic may qualify for the Small Business Administration relief funds.