To provide management assistance and funding to new and existing business owners who are not able to access traditional sources of funding; especially those who are socially and/or economically disadvantaged.
Currently Viewing: 2014 Reporting Data
Interviews
Sample Size 100
Completed Interviews 74
Response Rate 74%
Business Outcomes
Start Rate 77.78%
Survival Rate 82.98%
Median Revenues $130,000
Median Owner's Draw $26,275.50
Employment Outcomes
Jobs Per Business 5.1
Percent Businesses with Paid Workers 69.49%
Median Hourly Wages To Paid Workers $10
Work Status of Paid Workers
Full-Time - 27.97%
Part-Time - 62.07%
Unknown - 9.96%
Unknown - 21.84%
Type of Paid Workers
Employees - 100%
Contractors - 0%
Change in Low-Income Status
Low-Income At Intake 27.45%
Low-Income At Survey 11.76%
Summary
Provides Microenterprise LoansYes
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceYes
Microfinancing Volume
Number of Microloans Disbursed 46
Value of Microloans Disbursed $820,754
Value of Microloans Outstanding $2,269,600
Total Microloan Capital $3,112,037
Portfolio Quality
Total Portfolio at Risk 9.25%
Loan Loss Rate 9.85%
Loans Past Due
30 to 60 $64,287
61 to 90 $70,658
91 to 120 $43,725
More than 120 $31,298
Other Financing Products
Small Business LoansNo
Leverage Package or Guarantee Loans?No
Services Provided
Training and Technical Assistance (TA) Services
Business Training (group based instruction)
Business Technical Assistance (one-on-one assistance)
Business Development Services
Coaching/Mentoring
Business Development Training
Number Receiving Training 3
Number Receiving TA 88
# Working on Formal Business Plans 88
Individuals Served 266
Clients Served 222
Businesses Served 260
Demographics
Gender
Women - 62.16%
Men - 37.84%
Other - 0%
Unknown - 0%
Disability
With Disability - 7.21%
Without Disability - 92.79%
Unknown - 0%
Ethnicity
Mixed-race - 0%
African American/African-born - 5.41%
Latino - 10.81%
White/Caucasian - 77.93%
Asian/Pacific Islander - 5.41%
South Asian - 0%
Native American/Alaska Native - 0%
Other - 0.45%
Unknown - 0%
HUD Low Income Standard
Below - 75.23%
Above - 24.77%
Unknown - 0%
Business Status
Business Status
Operating - 72.97%
Not Operating - 27.03%
Unknown - 0%
Costs
Cost Per Individual $2,024.97
Cost Per Client $2,426.32
Cost Per Business $2,071.70
General Program Info
Area Types Served
Rural
Urban
State
Member Associations
Not a member of a SMA
Organization Description
Lending Organization
Geographic Area Served
Utah
Geographic Area Served DescriptionCounties: Utah, Salt Lake, Tooele, Summit, Wasatch, Morgan, Cache, Rich, Davis, Box Elder, Morgan; Statewide for our loans for People with Disabilities and Voc Rehab
Staffing
# FTEs 1.5
Individuals Served per Full-Time Equivalent Staff 177.33
