Dear Economic Development Loan Fund Borrower:

My name is Hang Vu. I am the Small Business Loan Officer for the Department of Economic Development. I will be your contact for any EDLF comments and questions.

Due to the spread of COVID-19 and the emergency quarantine measures being taken, the Department of Economic Development knows that EDLF Borrowers are experiencing a disruption of income impacting the Borrower’s ability to make the upcoming monthly payments. 

The initial 90 days request for deferment on EDLF loan payments is set to expire on June 21st. Due to the continuation of impacts on businesses from COVID-19, the Department of Economic Development is extending the EDLF loan deferment for an additional 90 days from July 1st – September 30th.  

If you choose not to accept this additional 90 days request for deferment and want to continue making your monthly payments as scheduled, please email me directly.

Thank you.

Businesses must be located within Salt Lake City’s boundary to be eligible for the EDLF.

The Salt Lake City Economic Development Loan Fund’s 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 Salt Lake City by making loans available to businesses. The program’s overarching goal is to invest in viable businesses that produce strong economic returns and also provide positive social and environmental impacts.