Have you ever heard of positive pay? Outside of financial circles, it may sound pretty wonky to you, but it's a critical tool used by businesses all over Utah to prevent fraud exposure. In essence, positive pay is a banking feature designed to help... (Read More)
Here at First Utah Bank, we pride ourselves on giving back to the communities we serve. As Utah's premier community business lending bank, we understand that it is incumbent on us to ensure we support the communities we operate in. Businesses and... (Read More)
Businesses in Utah use them all the time. Business credit cards. They're just little pieces of plastic. And yet it has gone through many evolutions. It might shock you, but you wouldn't believe how much credit cards have changed over the years. The... (Read More)
Personal mobile banking has already infiltrated most aspects of the personal banking landscape. And now, small businesses are getting in on the action. While personal banking customers have embraced this as a way to conduct banking operations, small... (Read More)
Utah continues to earn praise as one of the best states for entrepreneurs. But why is that? What makes Utah so special and is it really a great state for starting a business? There are a variety of reasons and we are going to cover those today... (Read More)
Did you know that there are more than 203,000 small businesses in the state of Utah? Of those, nearly 60,000 have more than a single employee. As Utah’s premier community bank, we're proud to offer business banking services for Utah small... (Read More)
Why do we focus on small business lending in Salt Lake City, Utah? You might consider that a ridiculous question. Of course, we focus on small business lending in Salt Lake City, Utah, because we live and do business here, but there is another... (Read More)
When you consider that 82% of all small businesses fail because of cash flow issues, it shouldn’t be hard to view cash flow issues through an entirely different, and entirely urgent, lens. It takes the confluence of many factors to build a... (Read More)
We live in uncertain times. With inflation rising, wars in Europe, and pandemics that seem to come and go in waves, many are experiencing high levels of stress, whether at home or work. As a Utah-based business, do you focus on the health and... (Read More)
In March 2020, the COVID-19 pandemic hit the United States in full force. The result was unlike anything we have seen in over a century. Businesses right here in Salt Lake City and beyond were hit hard by a disease no one saw coming and even fewer... (Read More)