Capital Access Program

The Utah Small Business Credit Initiative Capital Access Program (USBCI CAP) is a flexible loan loss reserve program that helps lenders fund projects considered too risky for conventional lending.

Through the USBCI CAP, the state provides funding to a dedicated loan loss reserve account that lenders can utilize if a loan defaults. Approved loan loss reserve accounts are eligible for the USBCI CAP in an amount equal to the premiums paid by the borrower and the financial institution lender to the reserve fund. This amount is calculated on a loan-by-loan basis (Treasury Guidelines, pgs. 15-16).

The reserve account balance increases with each loan enrolled. Once the reserve account has accumulated sufficient reserves, it can provide up to 100% reimbursement to a lender for any enrolled loan that defaults. 

Program highlights:

  • High accessibility significantly expands access to credit for small business borrowers.
  • This program supports microlenders and underserved communities.
  • Enhances Community Reinvestment Act (CRA) efforts.
  • Because this program can support up to 100% of a loan, it maximizes private investment per dollar of public capital.
  • Targets loans between $25,000 and $250,000.

Program Partners

“Financial Institutions” are insured depository institutions, federally-insured credit unions, and Community Development Financial Institutions (CDFIs). Financial institutions must execute a USBCI CAP master agreement and adhere to the program's terms and conditions to participate in the program. For more information, please contact Alecia Hart (