With more than $30,000,000 in small business loans since 2001, Utah Small Business Loan Fund is one of the largest and oldest alternative business lenders in Utah. We fund all types of businesses including software, service businesses, manufacturing, and even restaurants. The only types of businesses we don't fund are real estate or financing businesses.
Utah Small Business Loan Fund has funded many notable Utah companies like Property Solutions, Allegiance, Five Star Franchising, and many more. We fund businesses that have some history of sales and can show their ability to repay a loan from operational cash flow. We don't fund companies that are pre-revenue or losing a lot of money.
Utah Small Business Loan Fund has funded many notable Utah companies like Property Solutions, Allegiance, Five Star Franchising, and many more. We fund businesses that have some history of sales and can show their ability to repay a loan from operational cash flow. We don't fund companies that are pre-revenue or losing a lot of money.
Services
Initial Screening: Send us the previous year's business tax return, a brief description of your company and the use of the loan. We also need a signed authorization to run background and credit checks. Within 3 business days, we will contact you with a decision to proceed with underwriting. Underwriting: The underwriting process averages 4 weeks after all of the necessary loan application documents are received.
We provide loans from $50,000 to $250,000 that fit the needs of entrepreneurs including venture debt loans and loans to "near-bankable" businesses. Our loan criteria are focused on cash flow and not collateral. Interest rates range from 7% to 10% and the term of the loan ranges from 3 to 7 years.
We can do loans that others can't because of our experience, the time we take to analyze applications and our commitment to our economic development mission.If you are tired of hearing "No" then give us a try. All we need to get started on your loan is a call or an email from you. We will give you a quick answer to let you know if you should apply.
We can do loans that others can't because of our experience, the time we take to analyze applications and our commitment to our economic development mission.If you are tired of hearing "No" then give us a try. All we need to get started on your loan is a call or an email from you. We will give you a quick answer to let you know if you should apply.
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