Put your company’s assets to work for you

Healthy cash flow is vital to any business. And a First Utah Bank business revolving line of credit can be an excellent way to manage your company’s short-term cash flow needs. With a line of credit from First Utah Bank, business owners can be pre-authorized to borrow up to a specified amount of money, subject to eligible collateral.

A line of credit typically is secured by business assets and may be accessed whenever a business needs cash. Your loan only accrues interest on the amount of the line that you access and there is no penalty for paying down the principal balance to reduce your interest expense.

A revolving line of credit can provide a degree of flexibility for a business. Once your line is approved, you can use it when and how you need it, making it a great option for handling unexpected expenses or cyclical needs.

Typical Line of Credit Uses:

• Improving cash flow, funding payroll, or seasonal working capital
• Purchasing inventory or materials
• Financing accounts receivable
• Unplanned Events

Typical Line of Credit Collateral:

• Accounts receivable
• Inventory
• Equipment (subject to limitations)
• Unsecured (available only if certain credit conditions are met)