Milestone Bank

This is a commercial bank offering SBA loan programs and business financing solutions designed to support small business growth and development.

It's recommended to schedule an appointment to meet with a loan officer, but walk-ins may be accommodated depending on availability.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.

There are no fees for accessing general information; loan application fees and interest rates vary based on the specific loan terms.

This bank primarily serves small business owners and entrepreneurs within its regional service area, but eligibility depends on meeting loan criteria.

A minimum personal credit score of 640 is generally preferred, but other financial factors are also considered.

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

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

Milestone 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.

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

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

You can reach Milestone Bank by phone at (801) 262-7866 or online at mfe.dev — 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 Milestone Bank before relying on them.

Based on its approved SBA loans, Milestone Bank most often finances businesses in restaurants & food service, medical practices & clinics, fitness & recreation, construction & contractors, automotive repair & services, and manufacturing. This reflects Milestone 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 Milestone Bank 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 Milestone Bank participates in SBA Express depends on its specific SBA lending authority. Contact Milestone Bank 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 banks hold PLP status, but it varies by institution. Milestone Bank 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. Milestone Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Milestone Bank 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 Milestone Bank 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 Milestone Bank 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 Milestone Bank 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. Milestone Bank weighs this case by case under its own policy, so be upfront about your history and ask Milestone Bank how it evaluates prior bankruptcies.