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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Helper, Utah

 
Loan Census SBA Loan Info

I need a loan for my business in Helper, Utah! If that's what's on your mind, you've come to the right place.

This article is written specifically for entrepreneurs in Helper, Utah who are interested in getting a small business loan.

Local Helper Banks

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

Small Business Bank Recent SBA Loans
Keybank - Keycenters- Helper  
Wells Fargo - Helper Office  

Business Loan Providers for Helper Businesses

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

Small Business Bank Recent SBA Loans
Americanwest Bank
Provo, UT
3
Wells Fargo Bank
San Jose, CA
1
Zions First National Bank
West Valley City, UT
4

Tips for Getting a Business Loan in Helper

As a prerequisite to meeting with banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

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 your ability to pay the loan back to the bank.

A well-defined business plan is is critically important. If the money is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will check on your personal credit history 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 get up to speed on the subject. If you haven't read it already, we recommend you review 504 Loans.

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