Low-Cost Loans

Low Cost Loan Programs

The division is responsible for several loan programs to help the agriculture community and others achieve various worthwhile goals for productivity, efficiency and environmental benefits for the people of Utah. At present the division has portfolios totaling more than one thousand loans with total assets of more than $36 million. The quality of the portfolios is very high with low delinquencies and a history of minimal losses. The division cooperates with the Department of Environmental Quality (DEQ) in managing one loan program, and is in process of setting up another program with that agency. Cooperation with other departments of government provides for greater efficiency with minimized duplication of effort and provides the taxpayers with more efficiency in government. The existing programs are:

The division cooperates with DEQ's Division of Water Quality to finance projects for eliminating or reducing non-point source water pollution on private lands.