The Five County Economic Development District Revolving Loan Fund is managed by Gary Zabriskie, Director of Community & Economic Development. Mr. Zabriskie has been with the Five County Association of Governments for 22 years. He is a Economic Development Finance Professional certified by the National Development Council. He received a Bachelors Degree in Urban Planning from the University of Utah in 1991.
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The The Right Financing will determine how quickly a business will grow, and sometimes whether or not the doors will open another day. But many business owners don’t understand the types of capital that best fit their business, or how to pursue it.
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Since its creation in 1987, the Revolving Loan Fund (RLF) has provided nearly $6.52 million in funds to area businesses and created/retained approximately 740 jobs.
The main purpose of the RLF is to create permanent, long-term jobs within the southwestern region of Utah by providing “gap” financing to qualified businesses. Loans made through the RLF are intended to help bridge the gap created by shortfalls in commercial financing. The type of loans eligible for funding include: land and building acquisition; purchase of machinery and equipment; working capital; and building construction/renovation.
In addition to the RLF, Five County offers a Microloan Program which provides additional lending opportunities for small businesses. The Microloan Program is a component of the RLF and provides capital to small businesses that do not have access to traditional commercial financing.
Five County Association of Governments services Beaver, Garfield, Iron, Kane and Washington Counties. For more information about the Revolving Loan Fund or Microloan Program feel free to contact Darren Janes at (435) 673-3548 or email@example.com