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March 28, 2024  
 
 
  Business Loan Information  
 

Marysvale, Utah Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Marysvale, Utah are available. You just need to talk to the right bank.

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

Lenders for Marysvale Businesses

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

Small Business Bank Recent SBA Loans
State Bank Of Southern Utah
Cedar City, UT
1
Zions First National Bank
Salt Lake City, UT
1

Marysvale Bank Loan Tips

Before reaching out to banks to get a bank 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.

A well-defined business plan is essential. If the capital is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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, you will likely be asked to pledge 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

Invest the time to learn as much as you can about Raising Money. To get started, we recommend you read 504 Loans.

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