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First Utah Bank

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Description

First Utah Bank offers comprehensive SBA lending services tailored to meet the needs of small businesses seeking financing solutions. With a focus on supporting local entrepreneurs, the bank provides various loan programs including the SBA 7(a) loan, which is ideal for business expansion, working capital, and equipment purchases. Their experienced lending team guides clients through the application process, ensuring clarity and support at every step. The bank’s commitment to small business growth is reflected in their flexible loan terms and personalized service, making them a reliable partner for entrepreneurs in Salt Lake City and beyond. Whether you’re starting a new venture or expanding an existing one, First Utah Bank is dedicated to helping you achieve your business goals with tailored financial products and expert advice. They also support SBA 504 loans for real estate and equipment financing, providing options for long-term growth and stability. Their local presence and deep understanding of regional markets make them a strong choice for small business owners in Utah looking for trusted SBA lending options.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
53
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and small business financing solutions, helping entrepreneurs access capital for growth and expansion.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
Typically, the bank operates from 9 am to 5 pm, Monday through Friday, but it"s best to confirm by contacting the branch directly.
Question 4
Is there a fee to use this?
Answer 4
There may be application and processing fees associated with SBA loans; these are disclosed upfront during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
The bank primarily serves small business owners and entrepreneurs within Utah, but eligibility depends on meeting specific loan criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required to qualify for SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
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