Medical Practice Lending
Whether you are opening a brand new practice, or expanding a thriving office, First Utah Bank can help with loans, lines of credit, merchant services and more.
We offer Small Business Loan Solutions for the Medical Practice Industry
The last thing the owner of a successful medical practice needs to worry about is whether they will have the financial ability to continue to grow. As your practice thrives, you’ll be in need of financial support to help maintain that momentum. That’s why you need to partner with First Utah Bank, which has specialized in helping medical doctors, dentists and other medical professionals start and grow their practices. From loans to lines of credit, merchant services to treasury management, First Utah Bank has a full suite of financial products to help medical practices like yours.
Are you starting a brand new practice? First Utah Bank can help even the newest practice get off the ground. We offer lines of credit to assist you with equipment purchase, tenant improvements on new or existing buildings, practice purchase and expansion, and accounts receivables. For instance, we assisted a brand new Plastic Surgeon just starting his practice. With minimal collateral available, his options were limited. Thanks to our flexible financing options, we were able to offer him a SBA Loan and business credit card to get his practice up and running.
As a U.S. Small Business Administration (SBA) Preferred Lender (PLP), First Utah Bank is able to meet the unique borrowing needs of small businesses, particularly where traditional or conventional bank financing is not available. Under the Preferred Lenders Program, First Utah Bank has loan approval and closing authority, which enables our commercial lending team to make loan decisions more rapidly. With your time being as precious as it is, we can get your financing approved quickly, so you can keep doing what really matters; taking care of your patients.
Our Merchant Services department can help you with your costs of doing business. We offer transaction fees as low as 2.5% + $.10, free online account access, next-day access to your funds*, mobile payment options available at no extra charge, and a free business checking account.Reach a Medical Practice Loan Specialist Now
Lines of Credit
If you need to purchase a practice or expand an existing practice, purchase new equipment, make improvements to buildings, or you need help with accounts receivables, we offer Lines of Credit that can help you in every area of your practice.
Small Business Loan Experts
We are a leading lender for medical practices, with over XXXXXXX in loans generated since 2014. When you work with First Utah Bank, you don’t have to deal with layers of red tape; you’ll be working directly with the decision-makers who can get the deal done quickly.
Because First Utah Bank is a SBA Preferred Lender, with loan approval and closing authority, we can provide you with faster decisions, which allows you to focus your energy on day-to-day operations.
We provide floating rate loans that are determined by the prevailing interest rates.
Types of Loans
We offer medical practice lending options for equipment purchase, tenant improvements, practice purchase and expansion, A/R and more.
- Equipment financing
- SBA 504 lending
- SBA 7A Lending
- USDA Lending
- Business Credit Cards
- Business and Personal Lines of Credit
*Get next-business day access to your funds when transactions are settled before 6:00 p.m.
About First Utah Bank
First Utah Bank was founded in 1978 and has proudly served the Utah community for over 40 years. From a single office, our bank has grown to be the largest community bank headquartered in Millcreek. We have six locations in Salt Lake County.
First Utah Bank is a true “community bank” which means that we are locally owned and operated. We provide timely local decision making, customized customer solutions, and customer access to the top decision makers in our bank. All of our associates live and work in Utah. Most of our customers have banked with us for years and many have been referred to us by other customers.
At First Utah Bank, we value honesty and integrity and we strive to do more than our customers expect from a bank. We are professional in all we do, and we view ourselves through our customers eyes and ask “how would we like to be treated?” We value diversity in our employees and the customers we serve, and we are proud of our community service and of the success of our many different customers.