UTAH – The Utah Microloan Fund (UMLF) is excited to announce that applications are now open for the Fall 2026 cohorts of their Banking on Women program. In partnership with Westminster University and Synchrony Bank, the Utah Microloan Fund invites women at all stages of business, whether just starting or looking to expand, to apply for this valuable fifteen-week program. Participants may join this program at no personal cost thanks to Synchrony Bank Scholarships.
The Utah Microloan Fund is a nonprofit Community Development Financial Institution dedicated to assisting Utah entrepreneurs who struggle to obtain traditional bank financing. They offer small business loans, along with complimentary and affordable classes on essential topics such as business planning, cash flow management, and marketing strategies. By emphasizing character and strong business ideas instead of relying solely on credit scores or collateral, the fund supports startups and small businesses across the state, empowering underserved communities.
“At Synchrony, we seek to empower female entrepreneurs because we know they lift up communities and power American commerce,” said Alan Urie, Synchrony’s CRA Officer. “We founded Banking on Women in 2010 as an initiative designed to help female entrepreneurs in Utah plan, grow, and launch their small businesses. Banking on Women continues to grow, and its success comes from connecting entrepreneurs who understand each other’s challenges and journeys. Starting with just fourteen women, the program has now supported over three hundred and ten entrepreneurs. We are invested in every one of those women’s growth and business success.”
The Banking on Women program offers comprehensive, hands-on training in business planning, financial management, leadership, and marketing. Participants will benefit from a supportive community, receiving guidance and support from peers and mentors throughout the program. The program aims to empower women to grow their businesses with the support they need and to thrive within their communities.
A virtual option is available statewide in rural counties, making the program accessible wherever participants live in Utah.
The UMLF is hosting a virtual information session on 03/24 for anyone interested in learning more about the program, expectations, and application process. Visit www.utahmicroloanfund.org/bankingonwomen to apply and to register for the information session. Applications due May 1st.
