Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Fillmore, Utah Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Fillmore, Utah small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are looking for a small business loan and your business is based in Fillmore, Utah, we've assembled a list of local small business banks that you should contact.

Local Fillmore Lenders

Without further adieu, here's our list of small business banks in Fillmore.

Small Business Bank Recent SBA Loans
Wells Fargo Bank NA - Fillmore Office  

SBA Lenders for Fillmore Businesses

This is a list of banks outside of Fillmore, Utah that have provided SBA loans to Fillmore businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Community So. Bank D.b.a Commun
Knoxville, TN
1
State Bank Of Southern Utah
Cedar City, UT
1
Wells Fargo Bank
San Jose, CA
1
Zions First National Bank
Salt Lake City, UT
3
Zions First National Bank
West Valley City, UT
10

Fillmore Bank Loan Tips

As a prerequisite to meeting with banks for a loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as the equity in your home. The banks will look at your personal credit report in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review How Much Venture Capital Is There?.

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