Bank of Utah

This is a financial institution that provides SBA loan programs and small business financing solutions. You can find personalized support, loan options, and guidance tailored to your business needs.

It's recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.

Typically, they operate from 9 am to 5 pm, Monday through Friday, but it's best to confirm with the branch directly.

There are no fees for visiting the bank; however, loan applications and services may involve standard fees and charges based on the specific loan product.

This lender primarily serves small business owners in Utah, but eligibility is based on business criteria and loan qualifications.

A minimum personal credit score of 620 is generally required for loan approval.

The underwriting process typically takes between 30 to 45 days, depending on the loan complexity and completeness of documentation.

Most banks keep weekday business hours and are closed on weekends, and Bank of Utah 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 Bank of Utah to confirm current weekend availability before you go.

Bank of Utah 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.

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

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

You can reach Bank of Utah by phone at (801) 409-5000 or online at bankofutah.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 Bank of Utah before relying on them.

Based on its approved SBA loans, Bank of Utah most often finances businesses in hotels & lodging, manufacturing, restaurants & food service, construction & contractors, general retail, and medical practices & clinics. This reflects Bank of Utah'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 Bank of Utah 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 Bank of Utah participates in SBA Express depends on its specific SBA lending authority. Contact Bank of Utah and ask if it offers SBA Express and what the current limits and terms look like for your situation.

Bank of Utah is a Preferred Lender with the SBA, which gives the bank greater authority to approve and administer loan applications before sending them to the SBA for final review, enabling accelerated decision-making. Please confirm this status remains current with the bank.

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. Bank of Utah's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Bank of Utah 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 Bank of Utah 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 Bank of Utah 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 Bank of Utah 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. Bank of Utah weighs this case by case under its own policy, so be upfront about your history and ask Bank of Utah how it evaluates prior bankruptcies.