A wide variety of loan options to help your business grow
At First Utah Bank, we offer a wide variety of term loan options to help small businesses grow and succeed. Term loans provide a specific dollar amount of credit to purchase assets or meet specific financing needs.
Term loans can be used as long-term working capital or to purchase owner-occupied or investment commercial real estate. Term loans also can be used to acquire a business, large equipment or commercial vehicles or to refinance and/or consolidate higher-rate business debt.
Each term loan is based on a predetermined schedule of monthly principal and interest payments. Loan rates are generally fixed, but can be variable. Loan maturities may range from one year to 10 years and amortization periods may range from one year to 25 years, depending upon the purpose of the loan and the nature of the collateral. Questions? We’re here to help you.