SBA Lending for business people in Salt Lake City, Utah & Surrounding Areas
Utah is an excellent place to begin a business, as a result of state’s unemployment rate that is relatively low. Also, business owners won’t have much difficulty getting the administrative centre they want. Based on the 2017 Utah Annual Report because of the SBA, a huge number of business people have now been effective in enabling the SBA loan system they have to either launch or maintain their company’s growth.
If you’re trying to find an institution that is financial provides SBA business financing to Utah business owners, seek out First Utah Bank. Our Commercial Loan Officers and dedicated SBA Department associates will be able to work with you to definitely get the best loan choices to match the needs of your company.
Our SBA loans enable you to:
- Buy or build an owner-occupied commercial building
- Expand or modernize facilities
- Combine financial obligation to boost cashflow
- Manage seasonal income
- Buy equipment, gear and fixtures
- Finance leasehold improvements
- Buy a business that is existing
- Finance receivables and/or stock
- Augment working money (term loan or personal credit line)
- Refinance debt that is maturing
- Take up a franchise or business that is new
- Finance exports
Presently, you can find charge reductions and waivers for Veterans dependant on the mortgage type required and in addition for many SBA loans lower than $150,000. Please talk to certainly one of our Commercial Loan Officers if you’d choose to get the full story.
SBA loan programsavailable:
- 7(a) Loan Program – This program is most effective for clients seeking to buy or refinance gear, purchase or refinance owner-occupied commercial property, make leasehold improvements, consolidate company debt, finance a small business purchase, term working capital, and on occasion even begin a small business.