The Utah Microenterprise Loan Fund has received a $5,500 grant from Advanta Bank Corp. in support of its "Under 3 Step" loan program.

The new program is designed for a segment of the market that needs loans in the $500 to $3,000 range.The Microenterprise Loan Fund grants small-business loans of up to $10,000 to new business applicants who are unable to access traditional forms of financing and are located in Salt Lake, Utah, Davis, Summit or Tooele counties. For more information, call 269-8408.