To get a small business loan in Utah, first, you need to be aware of a lender’s requirements. While terms can be competitive with banks, the criteria are often difficult for many entrepreneurs to meet. For instance, a high credit score is typically required as well as collateral. It’s also important to note the approval and funding process can take time if you meet the requirements.
In contrast to banks, nonbank lenders offer alternative financing products with streamlined applications and less challenging qualification requirements, such as merchant cash advances. Funding is fast, in some cases, within a day of approval. In turn, applicants will find shorter repayment terms, more frequent payments and higher interest rates.
Applying for Small Business Loans in Utah Through Fast Capital 360
Whether you need emergency business funding in Utah or an SBA loan, we can help. Our lending partners offer SBA loan rates for Utah businesses starting at 7.25%.
Here’s what sets us apart:
It takes just a few minutes to complete our online application. Then find out what you qualify for fast.
Because we work with lenders throughout the country, your single application could return multiple offers. Small business loan rates for Utah businesses start at 7% for business term loans and 10% for short-term loans.
Review your offers with your dedicated Fast Capital 360 Business Advisor. Then select the best option for your business.
Get Your Business Loan Faster