At First Utah Bank we offer a wide variety of term loan options. Our Business Loan officers will structure your loan to fit the specific needs of your business.
Term loans provide a specific dollar amount of credit to purchase assets or meet specific financing needs. The 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 ten years and amortization periods may range from one year to twenty-five years depending upon the purpose of the loan and the nature of the collateral.
Typical Term Loan Types:
- Long-term Working Capital
- Owner Occupied Commercial Real Estate Purchase or Refinance
- Investment Commercial Real Estate Purchase or Refinance
- Large Equipment Purchase
- Commercial Vehicle Purchase
- Business Debt Refinance
- Business Debt Consolidation
- Business Acquisition
Have a question? Please complete the form below to send your inquiry to our Business Lending team. You’ll hear back from us right away.