Business Loans & Small Business Funding in Salt Lake City, UT
Salt Lake City, Utah is known as the Crossroads of the West thanks to its central geography to the western United States of America. The city is well known for being the capital of The Church of Jesus Christ of Latter-day Saints after being founded in 1847 by Brigham Young. Salt Lake City also had the proud honor of hosting the 2002 Winter Olympics – the first since Lake Placid, NY to do so.
According to Forbes, it’s the 14th best place to grow your business and expand your career opportunities. Salt Lake is the industrial banking center of the US as its central location in the west acts a major cordor for freight traffic. Outside of being a logistics hub, the business environment in SLC is anchored by the Sinclair Oil Corporation, Huntsman Chemical, and Zion Bancorporation.
In recent years, as more and more tech firms have realized they don’t absolutely need to be in San Francisco or New York to succeed, IT and technology services have begun to pop across Salt Lake City. Whether you believe you’re on your way to building the next great software company or looking to expand your burgeoning contracting business thanks to the tech boom, having enough small business funding to support and drive your company forward is important.
It’s with this knowledge that we’ve created the working capital funding company that truly supports small business growth.
Commercial Business Financing In Salt Lake City, UT
The journey to finding small business funding in Salt Lake City can often lead to frustration. The long list of requirements make it nearly impossible to get the capital you need to grow your business.
In 2017, only a quarter of applicants were approved for traditional bank funding of any kind. This means that three-fourths of the businesses looking to grow their companies were left out in the cold with potentially nowhere left to turn.
For a traditional loan, the wait can usually be up to 90 day wait just to find out if banks will offer you funding. That’s not helpful.
To make things even more frustrating, the wait can be as much as long as six-months. Again – that’s a long time to wait. We didn’t like how banks were treating American small businesses doing their best to find funding – so we did something about it.
At Fast Capital 360, we let our applicants know about their approval within hours; most applicants only have to wait 60 minutes to be approved for funding.
Our funding alternatives to short-term small business loans can turn up in your bank account by the end of the next business day, once you’ve been approved. The amount of business owners who go from application to cash in their hand in under 24 hours is absolutely amazing.
Our reputation has been built on repayment agreements that are fair & transparent have lead us to become one of the leaders in small business lending in Salt Lake City, UT. Fast Capital 360 has been rated #1 on CrowdReviews.com for funding alternatives to small business loans thanks to our incredible customers and the testimonials they’ve shared.