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Utah Life Sciences News & Events

Where to Find Economic Resources – PPP Update

May 7, 2020

Economic Resources: To help Utah companies identify resources to respond to the economic impact of COVID-19, the Utah Economic Response Task Force has created a tool that will help you determine the optimal federal, state, and local resources for your business. 

Economic Resource Finder
For information on federal resources click here.

Utah PPP Update: The second round of the Paycheck Protection Program (PPP) has approved loans for 21,751 Utah companies for a combined amount of $1.6 billion. 

This brings Utah’s total PPP numbers to 43,008 companies receiving $5.4 billion total in loans. Applications are still being accepted in this second round of PPP loans. Small businesses are are encouraged to reach out to their local lenders. Click here to learn more. 

The U.S. Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL), which reopened on May 4, 2020 to agricultural businesses with 500 employees or less is also still accepting applications. For more information on economic disaster relief from the SBA, click here