Utah First FCU

This is a financial institution offering SBA loan programs, including 7A and microloans, to support small businesses. You can find personalized assistance for your business financing needs and guidance through the loan application process.

It is recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins are also accepted depending on availability. Calling ahead can help streamline your visit.

Typically, the branch operates from Monday to Friday, 9 am to 5 pm, but it is best to check directly with the branch for current hours or to schedule an appointment.

There are no fees for simply visiting or consulting; however, loan application and closing fees may apply depending on the specific financing product and terms.

This institution primarily serves its members, who are typically part of the credit union, but non-members may also access certain services by becoming members or through specific programs.

A minimum personal credit score of around 640 is generally preferred, but the actual requirement may vary based on the loan type and overall credit profile.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of submitted documentation.

Most credit unions keep weekday business hours and are closed on weekends, and Utah First FCU typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Utah First FCU to confirm current weekend availability before you go.

Utah First FCU is located in Utah — see the contact card for the full address. Most credit union 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.

This page is an independent directory listing for Utah First FCU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Utah First FCU itself, which runs its own lending under its own ownership. If you work at Utah First FCU, you can claim this listing from this page to manage it.

The core details for Utah First FCU — 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 Utah First FCU before applying. If you represent Utah First FCU, claim this listing to keep its information up to date.

Contact Utah First FCU for SBA loans using their form at utahfirst.com/contact/, or call (801) 320-2600. Confirm details directly with the lender.

Based on its approved SBA loans, Utah First FCU most often finances businesses in hotels & lodging. This reflects Utah First FCU'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 Utah First FCU which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Utah First FCU participates in SBA Express depends on its specific SBA lending authority. Contact Utah First FCU and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established credit unions hold PLP status, but it varies by institution. Utah First FCU can confirm its current PLP standing — ask before you apply if speed matters to you.

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. Utah First FCU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Utah First FCU directly whether it considers start-up loans.

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 Utah First FCU what down payment it expects for your specific commercial real estate purchase.

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 Utah First FCU to spell out any prepayment penalties before you sign.

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 Utah First FCU to confirm it qualifies and how to document it.

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. Utah First FCU weighs this case by case under its own policy, so be upfront about your history and ask Utah First FCU how it evaluates prior bankruptcies.