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March 28, 2024  
 
 
  Business Loan Information  
 

Cedar City, Utah Business Loan

 
Loan Census SBA Loan Info

Looking for a Cedar City, 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.

We wrote this article for small business owners in Cedar City, Utah who are interested in getting a bank loan.

Local Cedar City Lending Resources

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

Small Business Bank Recent SBA Loans
State Bank Of Southern Utah 93
Wells Fargo  
Zions Bank  

SBA Lenders for Cedar City Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
4
Irwin Union Bank, F.s.b.
Columbus, IN
2
Jpmorgan Chase Bank
Houston, TX
2
Keybank National Association
Cleveland, OH
2
Mountain America Fcu
West Jordan, UT
44
Southwest Community Fcu
Saint George, UT
3
State Bank Of Southern Utah
Santa Clara, UT
1
Sunfirst Bank
Saint George, UT
1
U.S. Bank National Association
Cincinnati, OH
2
Ups Capital Business Credit
Windsor, CT
1
Wells Fargo Bank
Minneapolis, MN
2
Wells Fargo Bank
Phoenix, AZ
2
Wells Fargo Bank
Salt Lake City, UT
1
Wells Fargo Bank
San Jose, CA
7
Wells Fargo Bank
Sioux Falls, SD
2
Zions First National Bank
Salt Lake City, UT
11
Zions First National Bank
West Valley City, UT
33

Cedar City Business Loan Advice

Before meeting with banks to get a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the bank loan 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 secure the business with your personal assets, such as your individual retirement account or pension plan. 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.

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