
Overview
The Utah Small Business Credit Initiative (USBCI) is a new federal loan program. It includes $69 million in funding to expand access to capital for small businesses in Utah, especially for underserved communities.
USBCI helps expand access to capital for small businesses emerging from the pandemic, create high-paying jobs, and build ecosystems of opportunity and entrepreneurship in Utah. We anticipate the program will stimulate up to $690 million of private investment in Utah's small businesses.
The American Rescue Plan Act of 2021 authorized and funded this initiative. The Governor’s Office of Economic Opportunity works closely with the U.S. Department of the Treasury to administer this initiative.
How does the Utah Small Business Credit Initiative work?

The Governor’s Office of Economic Opportunity partners with financial institutions to provide small businesses with loans. Learn more about USBCI through the portals below:
- Lenders: Click “USBCI for Lenders” if you represent a bank, credit union, revolving loan fund, Community Development Financial Institution, or non-profit lender interested in participating in the USBCI.
- Small businesses: Click “USBCI for Small Businesses” if you are a small business looking to apply for a loan.
- Community partners: Click “USBCI for Community Partners” if you would like to spread the word to your community or register as a USBCI impact partner.
Keep scrolling to learn more about the USBCI program design and impact.
Equitable Access to Capital
The USBCI program will expand access to capital for Utah business owners in underserved communities, with a target of 29% of program funds allocated to businesses owned by women and culturally, economically, and geographically diverse entrepreneurs.
USBCI partners with Utah’s 1,000 New Women-Owned Businesses initiative to inspire women and those who identify as women to launch new businesses and apply for capital.


Federal Resources
As part of the federal State Small Business Credit Initiative, the Governor’s Office of Economic Opportunity works closely with the U.S. Department of the Treasury to administer this initiative. For more information, visit the U.S. Treasury Department webpages, including:
Stay Connected
Utah Small Business Credit Initiative News
Contact Us

Antonella Packard
Director
801-538-8680
apackard@utah.gov