Lending products for small businesses

Are you a small business in need of extra capital? First Utah Bank is a Preferred Lender (PLP) with the U.S. Small Business Administration (SBA).

This means we can work with the unique financial needs of small businesses, particularly those unable to secure conventional financing. Veterans qualify for reduced or waived fees on certain loans.

So how exactly can a SBA loan be used within your business? Here are some ways:

• Expand or modernize facilities
• Consolidate debt to increase cash flow
• Manage seasonal cash flow
• Purchase machinery, equipment and fixtures
• Finance leasehold improvements
• Purchase an existing business
• Finance receivables or inventory
• Augment working capital (term loan or line of credit)
• Refinance maturing debt
• Purchase or construct an owner-occupied commercial building
• Start a franchise or new business

Our SBA-related loan products include:

• 7(a) Loan Program – Loans up to 25 years and up to $5 million.
• CDC / 504 Loan Program – Projects larger than the limits in the 7 (a) loan program.
• SBA Express – Business lines of credits and specific circumstance loans up to $350,000.
• SBA Export Express – Loans and lines of credit up to $500,000.
• Working Capital CAPLine Program – Loans up to $5 million to help meet working capital needs.

You can learn more about these loans through our website. The SBA website is another great resource. You can access our Business Loan Application and find contact information for our commercial loan officers on our website. They are ready to talk with you about your small business financial needs.