BUSINESS RESOURCE GUIDE River Business... · Coworking Space 3 Technical Assistance 4 Business...

BUSINESSRESOURCE GUIDEFor Entrepreneurs & Business Owners in Green River, Utah

Business Resource Guide | Green River, Utah Page | i

ACRONYMS

BEAR—Business Expansion and Retention

BRC—Business Resource Center

EAG—Export Acceleration Grant

EDA—Economic Development Administration

EPA—Environmental Protection Agency

GOED—Governor’s Office of Economic Development

OJT—On the Job Training

RBDG—Rural Business Development Grant

RCAC—Rural Community Assistance Corporation

RLF—Revolving Loan Fund

SBA—Small Business Administration

SBDC—Small Business Development Center

SBIC—Small Business Investment Company

SBLF—Small Business Lending Fund

SCORE—Service Corps of Retired Executives

STEP—State Trade and Expansion Program

STTR—Small Business Technology Transfer Program

TAP—Technology Acceleration Program

USDA—United States Department of Agriculture

VBOC—Veterans Business Outreach Center

Business Resource Guide | Green River, UtahBusiness Resource Guide | Green River, Utah Page | iiPage | ii

This Guide 1

About Green River 2

Coworking Space 3

Technical Assistance 4

Business Resource Centers 5

Technical Assistance 6

Networks 8

Accelerators 9

Funding Sources 10

Funding Databases 11

Government Grants 12

Private Grants 13

Post-Performance Grants & Tax Credits 15

Capital Investors 16

Government Loan Programs 19

Private Business Loan Providers 21

Crowdfunding 22

TABLE OF CONTENTS

CONTACT

CONAE BLACKGreen River City Administrator

435-564-3448

[email protected]

ADAM HUGHESBetter City

801-332-9006

[email protected]

Business Resource Guide | Green River, Utah Page | 01

This Guide

This is a business resource guide for entrepreneurs and business owners in Green River, Utah. The information includes programs and organizations that provide technical assistance, networking, mentoring, and funding for businesses. It was compiled in 2020 by Better City, LLC.

Crowdfunding

Seed / Startup Early Growth Exit

Declining

PersonalSavingsCredit CardsSecond MortgageFriends/Family

Equity CapitalAngel CapitalVenture Capital

LoansMicroloansBridge Loans

GrantsCrowdfunding

Equity CapitalAngel CapitalVenture Capital

LoansBank LoansMicroloans

GrantsCrowdfunding

Equity CapitalVenture CapitalCorporate Venture

LoansMicroloansBridge Loans

Mezzanine Funding

Cash Out StrategyMgt. Buy BackESOPIPOValuation Partner

Cash Flow ReliefSuppliersCustomersOwnersValuation Partners

$ 0 Cash Flow

Funding sources typically available at various business stages

Courtesy: Finance New Mexico

THE FUNDING CONTINUUM

THIS GUIDE

Business Resource Guide | Green River, Utah

About Green River

Page | 02

ABOUT GREEN RIVERGreen River is a small city in eastern Utah. It is in Emery County and has a population of about 950,

with a suburban-rural type of community. The city often attracts people who are looking for acces-

sibility to outdoor recreational activities and national parks. Most residents of Green River own

their homes, with the median home value of $115,200 and a median rent of $476 well below the

national averages. Green River is a part of the Emery School District, comprised of ten schools for

kindergarten through high school; with a student to teacher ratio of 17:1.

The City of Green River is best known for its recreational activities. The Green River is a major

tributary of the Colorado River and provides opportunities for river running and rafting expeditions.

There are many parks nearby, including Arches National Park (within 45 minutes), Canyonlands

National Park (within 55-minutes), and Capitol Reef National Park (within 1.5 hours). Each of these

parks is a prime destination for camping, hiking, river rafting, and much more. The City also hosts

an annual Outlaw Day Event, Melon Days Festival, and Swell River Festival.

Photo Credit: Tom Till

Notable places to visit in & around Green River include:

• Monument Hill

• John Wesley Powell River History Museum

• Crystal Geyser

• Arches National Park

• Canyonlands National Park

• Capitol Reef National Park

• Goblin Valley State Park

• Green River State Park

• Dead Horse Point State Park

• San Rafael Swell

• Fossil Point

• Sego Canyon

• Black Dragon Canyon

• And much more...


COWORKING SPACECoworking space provides professional office space for individuals and small companies. The Utah Governor’s Office of Economic Development recently awarded the Southeastern Utah Busi-ness Technical Assistance Center grant funding to establish coworking space in Green River.

The coworking space will be in the Green River branch of the Emery County Library System, and is anticipated to be completed in 2020. The site will include a coworking/business resource lounge, a separate entrance to the building for access during non-traditional business hours, Wi-Fi access, and copy and print capabilities.

Good business planning is nine parts executionfor every one part strategy.

- Tim Berry -

Plan for what is di�cult while it is easy,do what is great while it is small.

- Sun Tzu -

TECHNICAL ASSISTANCE


Business Resource Centers

Page | 05Page | 05

Business owners and entrepreneurs benefit from technical assistance and business mentorship provided through Business Resource Centers (BRC). According to a survey by UPS , “88 percent of business owners with a mentor say that having one is invaluable… [and] 70 percent of small business owners that receive mentoring survive for five years or more, double the rate of those who do not receive mentoring.”

Business Resource Centers provide services such as: • Business plan development; • Advice on all aspects of the business from start-up to exit strategies including marketing and sales, finance, operations, capital, management, and growth; • Training in business operations including finances, budgeting, cash management, negotiating, and how to work with government agencies; • Mentoring from successful business owners; • Support for manufacturing processes including facility layout and design as well as industry certifications; and • Technology entrepreneur services including support to propel ideas into products and services.

Most BRC services are provided free-of-charge in association with the Small Business Adminis-tration (SBA) and they are sometimes referred to as a Small Business Development Center (SBDC). There may be costs associated with training and specific/customized business consul-tations. Contact the BRC for additional information on their services and any associated pricing.

Many BRC locations also house additional resources, such as microloan organizations, business incubators, maker spaces, chambers of commerce, local economic development organizations and investors. Many BRC’s provide training on-site via an associated college or university.

BUSINESS RESOURCE CENTERS

Nearby Business Resource CentersMOABUSU San Juan Campus125 West 200 SouthBuilding B, Suite 123Moab, Utah 84532435-259-7432www.utahsbdc.org/moab/

PRICEUSU of Eastern Utah420 N 300 E,Price, Utah 84501

435-613-5443www.utahsbdc.org/price/

RICHFIELDSnow College800 W 200 SRoom 155WRichfield, Utah 84701435-893-2252www.utahsbdc.org/richfield/


Technical Assistance

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There are a variety of organizations that offer technical assistance to businesses. In addition to the local BRCs on the prior page, the list below includes programs that provide entrepreneurs and business owners advice from experienced professionals and access to helpful information.

TECHNICAL ASSISTANCE

One Stop Utah Business RegistrationUtah provides all business registration informationand forms through the One Stop Online BusinessRegistration website.https://secure.utah.gov/osbr-demo/welcome

Service Corps of Retired Executives (SCORE)A resource partner of the SBA, SCORE is the nation’slargest network of volunteer expert business mentors.www.score.org

Economic Development Corporation of UtahAssists companies with expansions and relocations.Free consulting services; including research requests,site visit coordination, incentives, ground breakingand ribbon cuttings, and introduction to local partners.www.edcutah.org

Zions Bank Business Resource CenterHelps business owners find answers and resources,develop strategies, solve problems, and get guidancewith business, marketing, sales, financing,management, growth opportunities, and more. https://brc.zionsbank.com/

AliceA website that provides online guidance andresources for entrepreneurs and small businesses.https://helloalice.com/

Goldman Sachs - 10,000 Small BusinessesThe 10,000 Small Businesses program advises smallbusiness owners on how to become more bankableand position themselves to access small businessfunding and capital.www.10ksbapply.com/

Business Expansion and Retention (BEAR)The BEAR initiative reaches out to rural businessesand makes the connection between the companyand needed existing resources from all agencies,higher education, and other resources.www.business.utah.gov/rural/

All Businesses Small Businesses

Rural Businesses

U.S. Commercial ServiceDeveloped by international trade experts andeconomists, Export.gov provides trusted marketintelligence, practical advice, and business tools tohelp U.S. companies expand in global markets.https://www.trade.gov/export-solutions

World Trade Center UtahEmpowers Utah companies of all sizes with researchand resources for strategies to compete in the globaleconomy. Their trade services team offerscomplimentary services such as international marketresearch designed to help Utah businesses makeinformed decisions and establish meaningfulconnections.www.wtcutah.com

International Businesses


Technical Assistance

Page | 07

Manufacturer Extension PartnershipThe University of Utah Manufacturing ExtensionPartnership Center is the statewide manufacturingassistance center that seeks to improve all aspectsof manufacturing—from the production floor to thefront office. www.mep.utah.edu

Manufacturing Businesses

Women's Business CenterHelps women start and grow their own businesses byproviding personal mentors, online training, andopportunities to learn with a group of womenbusiness owners.www.wbcutah.org

Banking on WomenFree small business course for female entrepreneurscreated to empower women in Utah to start or growtheir businesses. www.utahmicroloanfund.org/bankingonwomen

Women-Owned Businesses

Minority Business Development AgencyAn agency of the U.S. Department of Commerce thatpromotes the growth of minority-owned businessesthrough the mobilization and advancement of publicand private sector programs, policy, and research.www.mbda.gov

Minority-Owned Businesses

Veterans Business Outreach Center (VBOC)The SBA's VBOC program provides entrepreneurialdevelopment services such as business training,counseling, and resource partner referrals totransitioning service members, veterans, NationalGuard & Reserve members and military spousesinterested in starting or growing a small business. www.sba.gov/offices/headquarters/ovbd/resources/1548576

Veteran Businesses

Good intentions might sound nice,but it’s positive actions that matter.

-Tim Fargo-

Photo Credit: Frank Jensen


Networks

Page | 08

Networking is a valuable opportunity to gain insights and learn from other entrepreneurs, busi-ness owners, and executives. This list includes many of the business networks in the region.

NETWORKS

Entrepreneurs OrganizationA global business network that educates, inspires,hosts events, and an online forum for personal andprofessional growth.www.eonetwork.org/utah

Grow UtahHosts and runs startup conferences and events;organizes and leads community work-groups to helpgrow entrepreneur activity; works with state partnersto lead and assist in startup growth efforts.www.growutah.com

Mountain West Capital NetworkUtah’s first and largest business networkingorganization devoted to supporting entrepreneurialsuccess.www.mwcn.org

Utah Supplier Development CouncilHelps increase purchases of goods and services bylarge companies and government entities fromminority and women-owned businesses throughintroduction and networking.www.usdcutah.org

National Association of WomenBusiness OwnersThe Salt Lake City Chapter of the National Association of Woman Business Owners provides a strong voice and vision for women entrepreneurs and business owners.www.nawbo.org/salt-lake-city

Woman-Owned & Minority Businesses

All BusinessesUtah Independent Business CoalitionA collaborative association of Utah’s locally ownedbusinesses to create a “sense of place” in ourcommunities. The small stores, cafes, and professionalservices businesses that are at the heart of Utah'sneighborhoods.www.utahindependentbusiness.org

Small Businesses

Utah Technology CouncilPrograms and events targeted at Utah’s innovationworkforce to improve existing talent, grow the nextgeneration of talent, and create an environment thatpromotes Utah and its companies.www.utahtech.org

Silicon SlopesA nonprofit organization empowering Utah’s startupand tech community to learn, connect, and serve inan effort to make entrepreneurship and opportunityin Silicon Slopes open and accessible to all.www.siliconslopes.com

Women Tech CouncilOffers mentoring, visibility, opportunities andnetworking to more than 10,000 women and menworking in technology to create business environmentsfocused on high performance where men and women can succeed.www.womentechcouncil.com

Tech Businesses


Accelerators

Page | 9

Business Accelerators provide growth programs for early-stage businesses. Businesses apply for enrollment in a cohort for a specific timeframe. If admitted, the business receives mentoring, logistical support, workspace, and investment or connections to investors.

ACCELERATORS

Mentored AccelerationProvides mentorships to individuals and companies to generate accelerated growth. www.mentoredacceleration.com

RevRoad AcceleratorWorks side-by-side with companies for two years, providing a mentor, key service deliverables,and office space.www.revroad.com

All Businesses

Wayne Brown InstituteOffers entrepreneurs educational and training programs that transfer experience, knowledge, contacts, andcapital from the world’s leading business and financial organizations to promising early-stage,technology-based companies.www.waynebrowninstitute.org

Boom StartupAn online, mentorship-driven investment accelerator program focusing its efforts on providing money,mentors, and markets for tech startups from idea creation through execution.www.boomstartup.com

Tech Businesses

FUNDING SOURCES

- Peter Drucker -

Unless commitment is made,there are only promises and hopes;

but no plans.

Photo Credit: Audrey Livingston


Funding Databases

Page | 11

The following databases provide information on ever-changing opportunities for a business to obtain funding through grants, contests, and loans; many of which are industry specific.

FUNDING DATABASES

Grants.gov The database with access for over 900 grant programs offered by the 26 Federal grant-making agencies, this website allows organizations to electronically find and apply for competitive grant opportunities.www.grants.gov

Catalog of Federal Domestic AssistanceGovernment-wide compendium of Federal programs, projects, services, and activities that provide assistance or benefits to the American public.www.usa.gov/business?source=busa

Utah Grant WatchGrant database for a wide spectrum of grant recipients, including hospitals, universities, schools, community based groups, neighborhood nonprofits and small businesses.www.utah.grantwatch.com/cat/13/small-business-grants.html

Challenge.govDatabase of challenges and prize competitions, run by more than 102 agencies across the federal government.www.challenge.gov

US Small Business Lending Fund (SBLF)List of SBLF locations and lending institutions thatprovide capital to qualified banks and communityloan funds to encourage small business lending.www.treasury.gov/resource-center/sb-programs/Small-Business-Lending-Fund/Pages/default.aspx

Research, Technical Assistance, & DataRelated Grant ProgramsGrants for businesses in the education industry.http://www2.ed.gov/fund/grant/apply/grantapps/index.html

EPA Grant ProgramsGrants for environmental research and programs.www.epa.gov/grants/specific-epa-grant-programs

National Institute of Standards &Technology GrantsGrants for businesses in science, technology,computing, engineering, or public safety.www.nist.gov/oaam/grants-management-division/nist-program-information

Programs and Services for BusinessesGrants for agriculture or food service businesseslocated in rural communities.https://www.rd.usda.gov/programs-services

State Business Incentives DatabaseDatabase of business assistance programs availablein each state. http://stateincentives.org/

Small Business Investment Company (SBIC)Directory of SBIC’s. The SBA does not invest inbusinesses but provides funding to qualified SBIC’swith expertise in certain sectors or industries.SBIC’s use their private funds, along withSBA-guaranteed funding, to invest in small businesses.www.sba.gov/funding-programs/investment-capital#paragraph-11


Government Grants

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Grant money does not need to be repaid. Many government agencies and private organizations have grants which are awarded on a regular basis to specific types of businesses or industries.

GOVERNMENT GRANTS

Small Business Technology Transfer Program(STTR)Provides small businesses with the opportunity toperform research and development that is funded bythe Federal government. Small businesses in theSTTR program must formally collaborate with aresearch institution. Awards range from $252,131 - $1,680,879.www.sbir.gov/about/about-sttr

Small Business Innovation ResearchHelps small businesses perform federally-funded research and development for products and services with commercialization potential. Amount varies.www.sbir.gov

Small BusinessesValue Added Producer GrantsThe United States Department of Agriculture (USDA) helps agricultural producers enter into value-added activities related to the processing and/or marketing of new products to generate new products, create and expand marketing opportunities, and increase producer income. Awards range from $75,000 - $250,000.https://www.rd.usda.gov/programs-services/value-added-producer-grants

Rural Energy for America ProgramUSDA guaranteed loan financing and grant funding to agricultural producers and rural small businesses for renewable energy systems or efficiency improvements. Up to $20,000.www.rd.usda.gov/programs-services/rural-energy-america-program-renewable-energy-systems-energy-efficiency

Rural Business Development GrantsThe USDA Rural Loan and Grant Program is designed to provide technical assistance and training for small rural businesses, defined as fewer than 50 new workers and less than $1 million in gross revenue. The applicant must be a rural public entity. Amount varies.www.rd.usda.gov/programs-services/rural-business-development-grants

Rural Businesses

Technology CommercializationInnovation ProgramThe Governor’s Office of Economic Development (GOED) provides competitive grants to smallbusinesses and university teams seeking to bringtheir new technologies to market. Awards range from $100,000 - $200,000.www.business.utah.gov/news/tcip-grant-open-applications/

Tech Businesses


Private Grants

Page | 13

PRIVATE GRANTS

IdeaCafe Small Business GrantOnly requires a business plan. Up to $1,000. www.businessownersideacafe.com/business_grants/

Fundera Zach GrantFor the best annual video entry on "why you started your own business". Up to $2,500.www.fundera.com/resources/zach-grant

All Businesses

FedEx Small Business Grant ContestTen grants are awarded each year. The entry period is usually late winter or spring. Up to $2,500.https://www.fedex.com/en-us/small-business/grant-contest.html

LendingTree Small Business Grant ContestThis annual grant goes to a small business that is having trouble scaling their company. Up to $50,000.www.lendingtree.com/business/grant/

National Association for the Self-Employed – Growth GrantsFor micro-businesses only, with 10 employees or fewer. Up to $4,000.www.nase.org/become-a-member/grants-and-scholarships/BusinessDevelopmentGrants.aspx

Small Businesses

State Trade & Expansion Program (STEP) The World Trade Center Utah STEP seeks to help Utah businesses enter and expand into dynamic global markets by helping offset the cost of eligible expenses associated with export development activities. Grants range from $2,000 - $3,000.www.wtcutah.com/grants/step-grant/

Utah Export Acceleration Grant (EAG)EAG is a competitive grant to help small to medium-sized Utah businesses advance their international business goals. Funds can be used to help with services, travel, and education/training. Grants range from $3,000 - $5,000.www.wtcutah.com/grants/utah-export-acceleration-grant/

International Export Businesses

Grow Utah Startup ContestsGrow Utah organizes and hosts startup contests in various industry clusters across Utah to help identify promising startups in need of resources. Amount varies.www.growutah.com/contests-accelerators

Social Investors ForumThe Community Foundation of Utah considers grants, loans, and alternative financial investments for selected proposals. They prefer emerging organizations and startups, spin-off programs, or new initiatives in existing organizations committed to change and demonstrate a sustainable funding model. Amount varies.www.utahcf.org/community-impact/

Utah Businesses


Private Grants

Cartier Women's Initiative AwardBusinesses led by women entrepreneurs, in the initial stages of their development & growth operating in any country and industry are welcome to apply. Grants range from $30,000 - $100,000.www.cartierwomensinitiative.com

Eileen Fisher Grant ProgramApplicants must have been in operation for at least three years, earn less than $1 million in annual revenue, and be focused on environmental or social change. Grants range from $12,000 - $120,000.www.eileenfisher.com/grants/women-owned-business/women-owned-business-overview

Open Meadows Foundation Grant ProgramThis grant is for Non-Profit organizations and is funded twice a year. Up to $2,000.www.sites.google.com/site/openmeadowsfoundation/

Tory Burch Foundation FellowshipRecipients receive access to workshops, education programs and networking opportunities, grant money, and a pitch day event. Grants range from $5,000 - $100,000.www.toryburchfoundation.org/fellows

Amber GrantLooking for women with passion and a good story. Awarded monthly, grants range from $4,000 - $25,000.www.ambergrantsforwomen.com/get-an-amber-grant

The Girlboss Foundation GrantFor female business owners working in design, fashion, music and the arts. Judged on creativity and innovation, business acumen and planning, and demonstration of a financial need. Up to $15,000.www.girlboss.com/foundation

Women-Owned Businesses

Sorenson Impact FoundationThese grants are intended to make a lasting impact onindividuals, families, and societies. The primary areas of emphasis include social impact, education, entrepreneurial training, and healthcare. Amount varies.www.sorensonimpactfoundation.org/about

StreetShares Foundation GrantExclusive to veteran entrepreneurs in the food and beverage industry. Grants range from $4,000 - $15,000.https://streetsharesfoundation.org/the-veteran-small-business-award

VetFran Business Grant FundExclusive to veteran entrepreneurs in the food and beverage industry. Maximum amount of $10,000.www.vetfran.org

ActivityHero Business Grant ContestFor businesses that provide children's camps and classes. Grants range from $500 - $5,000.http://camps.activityhero.com/business-grant-contest/

Halstead GrantFor jewelry businesses. Grants range from $250 - $7,500.https://grant.halsteadbead.com/

Other Businesses


Post-Performance Grants and Tax Credits

Page | 15

Post-performance grants and tax credits allow businesses to receive incentives after certain performance criteria are achieved. Business owners should contact the Utah Governor’s Office of Economic Development prior to project commencement to determine eligibility.

POST-PERFORMANCE GRANTS& TAX CREDITS

Life Science & Technology Tax CreditsPost-performance nonrefundable tax credit for up to35% of the investment over three years for qualifyinglife science and technology investors. Up to $350,000.https://business.utah.gov/programs-initiatives/corporate-recruitment-incentives/

Enterprise Zone Tax CreditsEnables certain types of businesses locating to, or expanding in, Green River a claim to state income tax credits provided in the law. Amount varies.www.business.utah.gov/rural

Targeted Business Tax CreditsThe GOED may award up to $300,000 of “allocation caps”, to businesses with eligible Community Invest-ment Projects. Up to $100,000 per project.www.business.utah.gov/rural

Economic Development Tax Increment FinancingRefundable tax credit for up to 30% of new state tax revenues (includes state corporate, sales and withhold-ing taxes) over the life of the project. Amount varies.https://business.utah.gov/programs-initiatives/corporate-recruitment-incentives/

Industrial Assistance FundA post-performance grant for the creation of high-paying jobs in the state. Amount varies.https://business.utah.gov/programs-initiatives/corporate-recruitment-incentives/

Historic Tax CreditBoth the state of Utah and the Federal government provide this tax credit for the rehabilitation of qualified buildings.www.history.utah.gov/preservation/financial-incentives

High-Cost Infrastructure Tax CreditSupports significant infrastructure investment in Utah.https://energy.utah.gov/tax-credits-financing/commercial-tax-credit/

Research Tax CreditsIncome tax credits of up to 6% of a company's quali-fied research expenses, including wages, machinery, software, and equipment. Amount varies.www.incometax.utah.gov/credits/research-activities

Rural Economic Development IncentiveIncentivizes businesses to create new, high-paying jobs remotely or online, in a “satellite hub” or physically located in rural counties. Between $4,000 - $250,000.www.tfaforms.com/4682786

Rural Fast TrackAvailable to small companies in rural Utah. Provides incentives to existing small businesses to create high paying jobs. Up to $50,000.www.business.utah.gov/rural/

New Market Tax CreditBoth the state of Utah and the Federal government provide this tax credit used to attract private capital investment to areas in need of job growth and economic development. Amount varies.www.jobs.utah.gov/employer/resource/ojt.html

On the Job Training (OJT)The Utah Department of Workforce Services OJTprogram provides reimbursement to employers whoprovide customized job training to participating employees. Amount varies.www.jobs.utah.gov/employer/resource/ojt.html


Capital Investors

Page | 16

Capital investors provide cash to companies and generally receive ownership equity. Many capital investors focus exclusively in specific industries or business types. It is important to conduct due diligence to ensure a capital investor is a good fit. The list below includes many of the capital investors based in Utah.

CAPITAL INVESTORS

42 VenturesPartners with entrepreneurs to grow software-drivenbusinesses that deliver innovative products and services to highly defined markets.www.42ventures.com

Alerion Capital GroupApplies technology domain expertise to private equityinvestments in later-stage technology and technologyenabled companies.www.alerion.com

Aries Capital PartnersProvides a combination of patient capital, flexible dealstructures, in-depth business capabilities, and a wealth of experience.www.ariescapitalpartners.com

Banyan VenturesA robust infrastructure and proven methodology forhelping early-stage companies to grow and succeed.www.banyanventures.com

Cherokee & Walker Private EquityPrivate equity firm managing and seeking investmentopportunities that fit the models of acquisitions &investments, partnerships, and outgrowth.www.cherokeeandwalker.com

Clarke CapitalA family office investment firm, focused on alternative assets, hedge funds, early stage university-licensed/ac-quired technologies and growth equity.www.clarkecp.com

Cougar CapitalA student-run venture capital and private equity fundwhich joins a syndicate team to conduct due diligence and—when appropriate—co-invest with theindustry partners in the deal.www.byucougarcapital.org

Crocker VenturesAn independent, privately held investment firm thatfunds seed- and early-stage companies in biotech,pharmaceuticals, medical devices, drug delivery, diagnostics and info tech. www.crockerventures.com

Decathlon Capital PartnersProvider of innovative revenue-based lending financingsolutions and growth capital for companies seekingflexible alternatives to traditional equity investment.www.decathloncapital.com

Dolphin CapitalPrivate equity firm that invests in mid-marketbusinesses with significant growth potential.Its investments include growth capital investments,partial buy-outs, and acquisitions.www.dolphincapitalgroup.com

DW Healthcare PartnersPrivate equity firm with expertise in healthcare,strategic growth planning, and business value maximization. They invest in healthcare companies generating over $4 million in EBITDA, at thesmaller end of the middle market.www.dwhp.com


Capital Investors

Early Run VenturesEngage angel investing in ideas and innovation.www.earlyrun.com/index.html

Epic VenturesInvests in early stage software/internet infrastructureacross the IT stack, ecommerce, consumer apps, and security.www.epicvc.com

GSD CapitalFounder-friendly funding to early-stage Mountain West companies. Focused on partnering with exceptional founding teams who seek to avoid costly equity dilution.www.gsdcapital.vc

JnivinActive lifestyle investment and growth companyinvesting in many industries from consumer products to tech.www.jnivin.com

KEB EnterprisesFocused on partnering with and acquiring businesseswith an emphasis on rapid growth.www.kebenterprises.com

KickStart Seed FundKickstart invests in Mountain West companies by aligning technology creators, industry, entrepreneurs, and capital sources behind the funding and mentoring of seed investments.www.kickstartseedfund.com

Mercato PartnersGrowth equity investors with expertise in sales and marketing who invest in high growth tech and consumer businesses, bringing expertise in sales execution and channel expansion.www.mercatopartners.com

Oakhouse PartnersSupporting breakthrough technologies with potentialto reinvent industries. (e.g. blockchain, robotics, CRISPR, etc.)www.oakhousepartners.com

Park City AngelsInvests in promising opportunities that can produce significant shareholder return.www.parkcityangels.com

Album VCEarly-stage investment firm in Utah that invests intalented entrepreneurs with exceptional technologies.https://www.album.vc/

Pelion Venture PartnersEarly stage venture capital firm that exceeds the expectations of unapologetic entrepreneurs who shootfor the moon.www.pelionvp.com

Peterson PartnersPremier capital partner for entrepreneurs and foundersof businesses.www.petersonpartners.com

REES CapitalAngel investment and mentor capital firm that worksin close collaboration with entrepreneurs, investors, and board members. Focused on start-ups and high-growth companies.www.reescapital.com

Renewable Tech VenturesEarly stage and growth stage venture fund investing inrenewable energy, clean technology, energy conservation, green materials and other technologies.www.renewablevc.com


Capital Investors

Sentry FinancialProvides capital and related services to—and sometimes operate—businesses worldwide that are sustainable, have high growth potential, and positively impact our world. www.sentryfinancial.com

Signal Peak VenturesInvesting in early-stage tech companies in underservedmarkets, helping entrepreneurs build enduring value.www.spv.com/home

SLC AngelsAssociation of accredited investors based in Salt Lake City that provide mentoring and invest in promisingearly-stage, high-tech companies with substantial growth potential.www.slcangels.com

Sorenson CapitalOffers flexible growth financing for minority or majority positions. After investing, they believe in building strong partnerships rooted in collaboration and trust.www.sorensoncapital.com

University Venture FundInvests in compelling new technologies, high growth opportunities, and stable cash flowing businesses across a broad range of industries and sectors.www.uventurefund.com

Utah Angels 2Experienced high-tech executives and entrepreneurslooking to invest time and money to develop cutting edge businesses.http://ua2.co/

Utah Capital InvestmentAssists Utah entrepreneurs and companies with advice, strategy, and capital introductions.http://utahcap.com/

Zetta Venture PartnersInvests in AI-first companies with B2B business models, with $1-3 Million in pre-traction, post data startups.www.zettavp.com

If you don’t know where you are going,you’ll end up someplace else.

-Yogi Berra-

Photo Credit: Tom Till


Government Loan Programs

Page | 19

Business loans allow the business owner to obtain capital, and then repay it along with interest per the terms of the loan. Loans range in size from hundreds of dollars to millions, from providers in the government, local lending institutions, and online companies.

GOVERNMENT LOAN PROGRAMS

Utah Certified Development Company(504) Loan ProgramProvides growing businesses with long-term, fixed-rate financing for major fixed assets, such as equipment or real estate. Eligible business are for-profit and fall within SBA size standards. Amount varies.www.utahcdc.com

7(a) Small Business LoansProvides financing to for-profit businesses that meet SBA size standards, do not have the internal resources (business or personal) to provide the financing, and are able to demonstrate repayment. Variations of SBA's 7(a) loan program may require additional eligibility criteria. Amounts between $500 - $5,500,000.www.govloans.gov/loans/loan-details/1497-4735-1499-4366-1501

Economic Development Administration (EDA)Revolving Loan Fund (RLF) ProgramUnder Economic Adjustment, the EDA administers its RLF Program, which supplies small businesses and entrepreneurs with the gap financing needed to start or expand their business.Amount varies.www.eda.gov/rlf

Rural Community Assistance Corporation(RCAC) Small Business LoansAssists businesses located in rural communities retain or create jobs by offering short-term loans for working capital and lines of credit; and long-term loans for real estate and equipment. Amount varies.www.rcac.org/lending/small-business-loans/

SBA Surety BondsMany public and private contracts require surety bondsto guarantee that the work will be completed. The SBAguarantees surety bonds for certain surety companies, which allows the companies to offer surety bonds to small businesses that might not meet the criteria for other sureties. Amount varies.www.sba.gov/funding-programs/surety-bonds

SBA Loan Assistance ProgramThe SBA sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. The SBA reduces risk for lenders and makes it easier for them toaccess capital. Amount varies.www.sba.gov/funding-programs/loans

Small Businesses


Government Loan Programs

Business & Industrial LoansThis program provides loan guarantees that enable commercial lenders to provide affordable financing forbusinesses in eligible rural areas. A borrower's businessmust: provide employment; improve the economic or environmental climate; promote the conservation,development, and use of water for aquaculture; or reduce reliance on nonrenewable energy resources byencouraging the development and construction of renewable energy systems. Amount varies.www.rd.usda.gov/programs-services/business-industry-loan-guarantees

Utah Rural Jobs ProgramEnables eligible small businesses located in a rural county to expand and create high wage jobs by providing flexible and affordable capital. Up to $5,000,000.www.business.utah.gov/rural

Rural Business Development Loan & Grant Program (RBDG)USDA RBDG is designed to provide technical assistance and training for small rural businesses with less than 50 workers and less than $1 million in gross revenue. The applicant must be a rural public utility intermediary. Contact the City of Green River if you are interested in this program. Amount varies.www.rd.usda.gov/programs-services/rural-business-development-grants

Rural Businesses

Utah Microloan FundProvides business training and small business loans to entrepreneurs in under-served communities in Utahthat do not qualify for traditional funding sources.Up to $50,000.www.wbcutah.org

Microloan ProgramThe SBA makes funds available to non-profit organiza-tion Microlender Intermediaries which, in turn, make loans to eligible borrowers. The average loan size is $13,000. Applications are submitted to the local intermediary and all credit decisions are made on the local level. Up to $50,000.www.govloans.gov/loans/loan-details/1497-4735-1499-4366-1501

Community Advantage ProgramFinancing for women, veterans, low-income borrowers,and minority entrepreneurs just starting up or in business for a few years. Receive free business counseling as you work with a community-based financial institution. Amount varies.www.sba.gov/funding-programs/loans

Other Businesses


Private Business Loan Providers

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PRIVATE BUSINESS LOANPROVIDERS

Mountain WestA not-for-profit finance intermediary that works with local lending institutions, community economicdevelopment agencies, and business owners to facilitate access to capital for growth, expansion and job creation.Provides financing for land, building, remodels, and equipment purchases.www.mwsbf.com

Zion's BankA bank that provides business lines of credit and business loans.www.zionsbank.com/LandingPages/Business-access-loan

America First Credit UnionA credit union with a variety of business offerings, including SBA low-rate business loans.www.americafirst.com/business/business-loans.html

Utah Loan Providers

There are many online business loan providers. The list below provides a selection of online sources forbusiness loans along with the loan sizes they offer.

Online Loan Providers

Many lending institutions provide business loans, three located in Utah are in the table below.

Kabbage$2,000 - $250,000www.kabbage.com

Lendingtree$5,000 - $1,000,000www.lendingtree.com

Ondeck$5,000 - $500,000www.ondeck.com

LoanBuilder$5,000 - $500,000www.loanbuilder.com/lb/home

Lendio$1,000 - $5,000,000www.lendio.com/

Reliant Funding$5,000 - $500,000www.apply.reliantfunding.com

Fundbox$1,000 - $100,000www.fundbox.com

Rapid Finance$5,000 - $1,000,000www.rapidfinance.com

Torro$5,000 - $1,000,000www.gotorro.com

Become$5,000 - $500,000www.become.co

Crowdfunding

Crowdfunding, like grants, do not require any repayment and is a way to raise a small amount of capital from a large group of people. Total funding capability varies depending on the campaign. There are a variety of websites that serve as Crowdfunding platforms, each with their own specific focus.

CROWDFUNDING

KickstarterHelps artists, musicians, filmmakers, designers, and other creators find the resources and support they need to make their ideas a reality. www.kickstarter.com

IndieGoGoOnline marketplace for clever and unconventional things that provides entrepreneurs with a platform to launch new and groundbreaking products in tech, design, etc. before they go mainstream.www.indiegogo.com

PatreonPlatform that enables fans (or patrons) to pay and support artists for their work. Allows creative producers to earn extra money on what might otherwise be free content,and allows fans to contribute to their favorite artist's platform.www.patreon.com

Someone’s sitting in the shade today becausesomeone planted a tree a long time ago.

-Warren Bu�ett-

FundRazrFundraising platform that helps individuals and organizations raise money for causes they care about.www.fundrazr.com

Start Some GoodCause-driven crowdfunding, innovative partnerships and social entrepreneur education. www.startsomegood.com

CONAE BLACKGreen River City Administrator

435-564-3448

[email protected]

ADAM HUGHESBetter City

801-332-9006

[email protected]

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