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).