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

Business Loan Syracuse, Utah

 
Loan Census SBA Loan Info

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

These materials were prepared for entrepreneurs in Syracuse, Utah who are interested in getting a small business loan.

Local Syracuse Business Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Syracuse.

Small Business Bank Recent SBA Loans
Barnes Bank CO  
Smedley Mortgage  
U S Bank  
Wells Fargo Bank  

Business Loan Providers for Syracuse Businesses

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

Small Business Bank Recent SBA Loans
1st National Bank - Layton
Layton, UT
1
America First Fcu
Riverdale, UT
9
America West Bank
Layton, UT
3
Barnes Banking Company
Layton, UT
1
Capital One
Mclean, VA
1
Goldenwest Fcu
Ogden, UT
3
Mountain America Fcu
West Jordan, UT
9
Silver State Bank
Henderson, NV
1
U.S. Bank National Association
Cincinnati, OH
1
Webbank
Salt Lake City, UT
1
Wells Fargo Bank
Salt Lake City, UT
1
Wells Fargo Bank
San Jose, CA
1
Wells Fargo Bank
Sioux Falls, SD
1
Zions First National Bank
Salt Lake City, UT
1
Zions First National Bank
West Valley City, UT
12

Tips for Getting a Business Loan in Syracuse

Before reaching out to banks for a 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.

A well-defined business plan is essential. If the loan is to for a company that is already doing business, 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, you will likely be asked to to guarantee the loan 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 read up on 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

Make it a priority to learn as much as you can about Raising Money. For starters, we recommend you read Investor Turnoffs.

Business Loan Sources for Other Cities in Utah
Get a Business Loan in Springville
Get a Business Loan in Taylorsville

Browse All Business Loan Sources for Utah