Orem Revolving Loan Application

Loan Application

 

The revolving loan fund application is available as a fillable PDF.

 

Business Revolving Loan Fund Facts and History

  • Commission for Economic Development in Orem (CEDO) began administering the Business Revolving Loan Fund in 1985. 
  • There have been a total of 147 loans given.
  • Total loans made that have revolved since 1985: $10,129,945.23
  • Of the 147 loans made there have been over 1,100 full time equivalent low to moderate jobs created.
  • The funds originated from the Housing and Urban Development’s Community Development Block Grant Program (CDBG) and the US Economic Development Administration (EDA). 
  • The minimum amount to loan is $15,000 and the maximum allowed amount to loan is $80,000.
  • Some of our successful loan clients include:  800 Lens-Now (aka 1-800 Contacts), Digis Networks, Fezzari, Granny B’s Cookies, K-Tec (aka Blendtec), Kara’s Chocolates, Moxtek, PowerQuest (aka Symantec), Traco Manufacturing, and Wolfe Electronix (aka Computrol). 

 

Fast Fact Image

The City of Orem is located on the eastern shore of Utah Lake. It borders Provo, Utah on the east and south, and is located at the base of Mount Timpanogos.