State & local resources
Roy City Business Loan program
The Roy City Economic Development Loan Fund’s (EDLF) purpose is to stimulate business development and expansion, create employment opportunities, encourage private investment, promote economic development, and enhance neighborhood vitality and commercial enterprise in Roy City by making loans available to businesses.
Loan amounts up to $30,000
Varies monthly, currently 1.25%
For more information please contact or 801-774-1024
Bank & Credit Union Loan Deferments
Many local banks and credit unions are offering loan deferments for individuals impacted by COVID-19. Please contact your local financial institution for details regarding specific loan deferment programs.
america first credit union
America First is committed to helping businesses face and overcome the challenges created by the COVID-19 pandemic. As a preferred lender for the Small Business Administration (SBA), America First can help businesses navigate and submit their applications for SBA loans. Along with that, America First’s business members have access to a number of products and services that can help them cut costs, manage their cashflow, or adapt to current circumstances, including:
The option to defer payments on business loans by up to 60 days without being charged a service fee
Low-rate Business Visa credit cards and business lines of credit
Merchant services that give them the ability to them accept credit card payments online or at physical locations
Remote Deposit systems that let them deposit checks without needing to visit a branch
Goldenwest credit union
Credit Union members who are experiencing financial hardships or difficulties as a result of COVID-19 are encouraged to contact us directly to discuss their individual situations. We have identified teams of loan specialists who can work with members on their specific needs. Free financial counseling is available at 801-651-4562.
Our online and mobile branches provide a quick method for members to improve their cash flow by skipping a payment on their auto or RV loan. As a service to our members impacted by COVID-19, the standard “skip-a-payment” $25 fee will be waived.
For small business owners who have concerns about their cash flow issues as it relates to COVID-19, we request they contact us as soon as possible. Goldenwest can help you now with your specific needs and requests, so that bigger problems can be avoided in the future.
Goldenwest is closely monitoring the federal legislation to provide relief to small business owners. Our Credit Union is a preferred lender for the Small Business Administration (SBA), and stands ready to help local business owners who are seeking financial relief with SBA loans. We are following developments closely, and suggest small business owners have their payroll expenses and other important documents close-at-hand to apply for federal assistance.
Department of workforce services
Administers unemployment insurance, job search assistance, Supplemental Nutrition Assistance Program, child care and Medicaid.
The department is providing two virtual Rapid Response Workshops daily Monday - Friday at 10:00 a.m. and 2 p.m. for impacted workers. The workshops will address: how to manage a layoff, budgeting, how to apply for unemployment insurance, job searching tools to find employment. To register for the Rapid Response Workshop please use this link below. The other link is direction on how to register and creating a job seeker profile.