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March 28, 2024  
 
 
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Business Loan Spanish Fork, Utah

 
Loan Census SBA Loan Info

Looking for a Spanish Fork, 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.

This article is written specifically for entrepreneurs in Spanish Fork, Utah who are interested in getting debt financing.

Local Spanish Fork Lending Resources

To assist you in finding a small business banker, here's our list of small business banks in Spanish Fork.

Small Business Bank Recent SBA Loans
Bank of American Fork - Spanish Fork Branch  
Bank One - Banking Centers- Spanish Fork Office  
Central Bank 10
Wells Fargo Bank NA - Albertson's Spanish Fork Office  
Wells Fargo Bank NA - Spanish Fork Office  
Wells Fargo Home Mortgage  
Zions Bank  

Business Loan Providers for Spanish Fork Businesses

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

Small Business Bank Recent SBA Loans
America First Fcu
Riverdale, UT
1
Americanwest Bank
Provo, UT
1
Bank Of American Fork
Highland, UT
1
Bank Of American Fork
Sandy, UT
1
Capital Community Bank
Provo, UT
3
Capital One
Mclean, VA
2
Central Bank
Provo, UT
6
Deseret First Fcu
Salt Lake City, UT
1
Jordan Fcu
Sandy, UT
1
Jpmorgan Chase Bank
Houston, TX
5
M&i Marshall & Ilsley Bank
Milwaukee, WI
1
Mountain America Fcu
Salt Lake City, UT
1
Mountain America Fcu
West Jordan, UT
8
Stearns Bank
Saint Cloud, MN
1
Zions First National Bank
Salt Lake City, UT
14
Zions First National Bank
West Valley City, UT
23

Tips for Getting a Business Loan in Spanish Fork

As a prerequisite to reaching out to lenders to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the money back to the lender.

A well-defined business plan is an important prerequisite. If the money is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee 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, the bank may ask you to to secure the business with your personal assets, such as your individual retirement account or pension plan. 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 you sit down to talk with a small business 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 planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Angel Investors.

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