The Utah Microloan Fund is a business loan from Utah Microloan Fund. The ongoing APR is Current fixed interest rates generally range from 10% to 14%. Typical credit limit: Loans up to $50,000 for eligible businesses. Startups may qualify for up to $25,000 during their first year, with the possibility of additional funding as the business grows.. Loan terms: Repayment terms of up to six years. No prepayment penalty..