Overview
The Lincoln-Uinta Revolving Loan Fund is a pool of money designed to help eligible businesses create or retain jobs in Lincoln and Uinta counties. The LURLF is intended to bridge the gap created by shortfalls in conventional financing.
A Lincoln County or Uinta County residential business may borrow funds, not to exceed $150,000 with a ten year term. The borrower is required to have at least 10% equity in the project.
The job creation goal is to save or create one job for every $30,000 loaned of LURLF money used. Contact Brent Hatch for application information.
Eligibility
Business activities eligible for LURLF financing include:
- Land and building acquisition
- Building construction and renovation
- Purchase of machinery or equipment
- Working capital
- Business Expansion
Alternative Financing Resources
SBA Community Advantage Loan Program
MoFi
MoFi is a firm utilizing a federal program, New Market Tax Credit, to provide loans to businesses in low income or rural areas. Visit their website directly for further information.
Wyoming Smart Capital Network
Provides capital for small business and creates jobs. Visit their website directly.
