First Utah Bank’s Commitment to Small Businesses

There’s something extraordinarily special about the Beehive State—a pioneering spirit seemingly embedded in its very soil, a spirit that flourishes in our local small businesses. As First Utah Bank, we’re not just bankers; we’re cheerleaders for that spirit, for your relentless pursuit of success. And we’re proud to be part of this community, bolstering the growth of small enterprises like yours.

Building Stronger Relationships for a Stronger Utah

Every small business starts with a dream, and here at First Utah Bank, we believe in nurturing those dreams. We’re in the business of building relationships, not just banking transactions. To us, you’re more than just a customer; you’re a partner, and your business is a valuable thread in the fabric of our local economy.

Your journey is unique, and so your banking needs are equally distinctive. Beyond the financial products, it’s the personal connection that counts. That’s why we take the time to really get to know you and your business. By understanding your goals and challenges, we are able to personalize our services to provide the support that’s just right for you.

Tailored Support: Solutions as Unique as Your Business

We know that no two small businesses are the same. The quaint bookshop in Salt Lake City has different needs than the startup tech company in Provo. We get that. First Utah Bank offers a host of flexible solutions to suit your specific requirements. From business checking accounts designed for your day-to-day transactions to lending services (like SBA loans) that can propel your business to the next level—we’ve got the tools you need.

Need to streamline operations? We have merchant services that can make payments a breeze. Want to plan for the future? Our financial advisors can sit down with you to craft a business savings plan that secures tomorrow while you focus on today. It’s all about creating the right mix that lets your business thrive.

A Little More on Small Business Loans

Loans are often essential financial tools to help entrepreneurs in Utah and beyond start, grow or maintain their businesses. One popular option is the Small Business Administration (SBA) loan. An SBA loan is a government-backed loan provided by participating lenders, such as First Utah Bank. These loans are designed to make it easier for small businesses to obtain financing by reducing the risk for lenders.

SBA loans are crucial for small business growth because they often come with lower interest rates and longer repayment terms compared to traditional loans, making them more affordable. Additionally, the SBA offers a variety of loan programs tailored to specific needs, whether it’s purchasing equipment, real estate, or managing working capital. By providing access to necessary funding, SBA loans enable small businesses to invest in expansion, create jobs, and contribute to the local economy. For Utah’s small business owners, these loans can be a lifeline, offering the financial support needed to turn entrepreneurial dreams into reality. As an SBA Preferred Lender, we are proud to help you secure the financing you need.

Custom Solutions for a Variety of Business Needs

Beyond SBA loans, we offer a variety of business loans and financing options so we can help you find the solutions that work best for your unique needs. We provide Commercial Real Estate Loans for purchasing or refinancing properties, Construction Loans for building or renovating, and Lines of Credit for short-term funding needs like inventory and operating expenses. Additionally, we offer Equipment Loans for machinery and tools, Business Acquisition Loans for expanding or purchasing existing businesses, and Business Debt Refinance Loans to improve financial situations. With competitive rates and flexible terms, First Utah Bank supports your business growth through customized financial solutions.

Connecting Businesses, Creating Community

At First Utah Bank, we are committed to bringing our community together. We know that when one business grows, it lifts others around it, cultivating a community atmosphere where everyone wins.

That’s the beauty of banking locally. The power of these connections can fuel growth and innovation. This approach has helped countless First Utah Bank clients to flourish. Whether you’re eyeing a bustling storefront or eyeing up e-commerce opportunities, our network provides the support system to help you achieve your ambitions.

Honesty, Integrity, and Professionalism: Our Promise to You

Integrity is non-negotiable. We’re committed to providing honest, professional advice that’s in your best interest. Our experienced team doesn’t just work in Utah; we live here, we shop here, and we dream here. We’re stakeholders in the success of our community, and that includes the success of your business.

As industry professionals, we stand by our promise to uphold the highest standards in all our dealings. You can trust us to be transparent about our processes and always have your back. If you are ready to take that next step for your small business, swing by a First Utah Bank branch or give us a call. We’re here, ready to build something great with you. Because, let’s face it, no dream is too small, and in Utah, no business is either. Welcome to the family. Welcome to First Utah Bank.