State Bank of Southern Utah

This is a local bank offering SBA loan programs and small business financing solutions, providing personalized service to help entrepreneurs grow their businesses.

It's recommended to schedule an appointment with a loan officer, but walk-ins are also welcome during business hours for general inquiries.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with extended hours by appointment.

There are no fees to visit the branch; however, loan processing and application fees may apply depending on the service.

This bank primarily serves local residents and small business owners within the region, but non-residents may also qualify with appropriate documentation.

A minimum personal credit score of 640 is generally required, though other factors are also considered during approval.

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

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

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

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

You can reach State Bank of Southern Utah by phone at (435) 865-2300 or online at sbsu.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 State Bank of Southern Utah before relying on them.

Based on its approved SBA loans, State Bank of Southern Utah most often finances businesses in construction & contractors, transportation & trucking, manufacturing, general retail, hotels & lodging, and wholesale & distribution. This reflects State Bank of Southern 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 State Bank of Southern 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 State Bank of Southern Utah participates in SBA Express depends on its specific SBA lending authority. Contact State Bank of Southern Utah 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. State Bank of Southern Utah 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. State Bank of Southern Utah's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask State Bank of Southern 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 State Bank of Southern 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 State Bank of Southern 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 State Bank of Southern 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. State Bank of Southern Utah weighs this case by case under its own policy, so be upfront about your history and ask State Bank of Southern Utah how it evaluates prior bankruptcies.