Chris Mantas
CEO, Tear-A-Part LLC
Business Line of Credit in Salt Lake City, Utah & Surrounding Areas
A business line of credit is a flexible financial solution that can empower your business with quick access to capital. Unlike traditional loans, which provide a lump sum upfront, our line of credit allows you to draw funds on an as-needed basis, up to a predetermined credit limit. It’s a great solution when you need to cover short-term funding needs, seize investment opportunities, or manage cash flow fluctuations.
Typical Line of Credit Uses
Manage your cash flow
Access a flexible source of funds that can be used to manage expenses and maintain a healthy financial balance.
Funding payroll
Ensure timely and consistent pay with a reliable solution that provides the necessary funds for meeting payroll obligations.
Short-term working capital
When you need extra funds on a short-term or seasonal basis, a revolving line of credit can save the day.
Financing accounts receivable
Bridge the gap between invoicing and receiving payments by accessing a financing option that ensures consistent cash flow for your business.
Purchasing inventory or materials
Obtain the necessary funds to purchase and replenish inventory, enabling your business to meet customer demands and capitalize on growth opportunities.
Unplanned Events
Leverage your line of credit to respond to a shift in the market, take advantage of time-sensitive opportunities, or meet unexpected business challenges.Learn how we’re Redefining Possible when it comes to Term loans. Talk with one of our business loan officers today.
What First Utah Bank business customers say about working with us...
"I always feel at home when I talk into First Utah Bank Bank. Everybody knows me. It's a different feel than walking into a bigger bank."
Chris Mantas, CEO, Tear-A-Part LLC
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