Mindy Waite, CEO of Harvest Lane Honey in located in Tooele, gave a great pitch for $100,000 from Steve Case, founder of AOL. She didn’t win but created quite a buzz. The Utah Small Business Loan Fund has provided $200,000 of loans so far.
Way to go Mindy!
September 19, 2016
InnoVentures Capital, manager of the Utah Small Business Loan Fund, was listed as one of the top Private Equity Firms in Utah Business’ September 2016 issue www.utahbusiness.com
“We are really pleased to be named in the same list as firms like Epic Ventures, Kickstart Seed Fund, Peak Ventures, Signal Peak Park City Angels, Salt Lake Angels and other distinguished funds” said Steve Grizzell, InnoVentures’ Managing Director.
Steve Grizzell continued – “Our success is because our loan terms are some of the best in the state. Loans range from $50,000-$250,000 with interest rates as low as 8% and repayment terms of up to 7 years.” “We are also one of the least bureaucratic lenders in Utah – we typically get our loans done in weeks not months.” “Additionally we lend anywhere in the state, even rural areas.”
The Utah Small Business Loan Fund has money to loan from HUD, EDA and USDA and is the most active non-bank lender in the state of Utah. The Utah Small Business Loan Fund is actively issuing new loans and welcomes any calls about loans for your business. We strive to make the lending process simple!
Contact Steve Grizzell
Gideon Taylor is based in American Fork, Utah and is a national expert on developing electronic forms for large institutions like universities and insurance companies. Their latest software product eForms integrates with PeopleSoft to facilitate creating forms that comply with the business logic and processes of enterprises. Check them out at www.gideontaylor.com
Harvest Lane Honey is based in Tooele and is one of the fastest growing companies in Tooele county. Harvest Lane Honey is the leading manufacturer in backyard beehive kits. Check out their website at www.harvestlanehoney.com
The Utah Small Business Loan fund wants to be the most entrepreneur friendly lender in Utah and so we have improved our loan terms. Interest rates can be as low as 8%. The payback period can be up to 7 years. The loan origination fee has been lowered to 2%. Talk to us today to see if we can help you.
I met with some Egyptian entrepreneurs in Cairo at Startup Cairo and was impressed that at least one of them has great potential. I wanted to also share some of my observation about Egypt.
I am off to Egypt and meet with entrepreneurs at Startup Cairo. I am really interested in seeing how the entrepreneurship scene in Egypt compares to Utah. The Egyptian entrepreneurial environment looks pretty tough from an outsider’s novice view.
Sam Stoddard is the founder of Simple Citizen, a startup business that may have won more student business plan competitions than any one else in the United States. Sam traveled to India, thought about his future and decided not to take a job offer at a prestigious accounting firm but to start his own business. He has since gone on to raise a round of funding from the Kickstart Fund and is off to California to join Y Combinator, the second accelerator has gone to. Listen to some of his story and hints.
InnoVentures Capital was recognized as the 2015 Small Business Lender for its innovative practices by Salt Lake City Award Program.
October 10, 2015
InnoVentures and Five Star Franchising have a long positive history. Five Star Franchising sold one of its key franchises at the end of 2014 and not ready to sit back on their laurels, the founders came back with their latest franchise strategy. We were happy to partner again with these great entrepreneurs.