First Utah Bank
First Utah Bank is an active SBA lender in Utah, a bank offering SBA-guaranteed small-business loans. Currently rated 4.8 stars across 53 Google reviews.
About First Utah Bank
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.
Serves SBA borrowers in 6 states
First Utah Bank has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries First Utah Bank finances
Business types First Utah Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about First Utah Bank
What is this place and what can I find here?
This is a financial institution offering SBA loan programs and small business financing solutions, helping entrepreneurs access capital for growth and expansion.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
First Utah Bank operates from 9 am to 6 pm, Monday through Friday (Mountain Time). Confirm current hours with the bank to ensure accuracy.
Is there a fee to use this?
There may be application and processing fees associated with SBA loans; these are disclosed upfront during the application process.
Who is this open to — anyone, or only residents/members?
The bank primarily serves small business owners and entrepreneurs within Utah, but eligibility depends on meeting specific loan criteria.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 620 is generally required to qualify for SBA loans.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
First Utah Bank is closed on weekends and operates Monday through Friday only. SBA lending staff are available during weekday business hours. Contact the bank to confirm.
How do I get there and where do I park?
First Utah Bank is located in Utah — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for First Utah Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by First Utah Bank itself, which runs its own lending under its own ownership. If you work at First Utah Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for First Utah Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with First Utah Bank before applying. If you represent First Utah Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach First Utah Bank by phone at (801) 521-9454 or online at firstutahbank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with First Utah Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, First Utah Bank most often finances businesses in manufacturing, restaurants & food service, hotels & lodging, construction & contractors, wholesale & distribution, and general retail. This reflects First Utah Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with First Utah Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether First Utah Bank participates in SBA Express depends on its specific SBA lending authority. Contact First Utah Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
First Utah Bank holds SBA Preferred Lender Program status, allowing faster loan approvals without sending each loan to the SBA first. Confirm current PLP status with the bank.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. First Utah Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask First Utah Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask First Utah Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask First Utah Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with First Utah Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. First Utah Bank weighs this case by case under its own policy, so be upfront about your history and ask First Utah Bank how it evaluates prior bankruptcies.
