SBA 504 Loans in Salt Lake City, UT
Find lenders offering sba 504 loans in the Salt Lake City, including Provo, Sandy, West Jordan, and surrounding areas. Compare rates, terms, and programs from 14 lenders.
Which SBA 504 lenders serve Salt Lake City?
14 lenders offering sba 504 loans in the Salt Lake City, UT area.
Zions Bank, A Division of
Local SBASALT LAKE CITY, UT
Major Western U.S. bank and SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, equipment financing, and agricultural lending across the Mountain West.
Intermountain Business Lending, Inc.
Local SBAOgden, UT
Mountain West Small Business Finance
Local SBASalt Lake City, UT
Live Oak Banking Company
SBAWILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
The Huntington National Bank
SBACOLUMBUS, OH
Major regional bank and consistently one of the top SBA lenders in the country by number of loans. Offers SBA 7(a) and 504 loans alongside conventional business lending, commercial real estate, and treasury management services.
U.S. Bank, National Association
SBACincinnati, OH
Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.
Readycap Lending, LLC
SBABERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
Wells Fargo Bank National Association
SBASioux Falls, SD
One of the largest banks in the U.S. and a major SBA preferred lender. Offers the full range of SBA programs including 7(a) and 504 loans, alongside conventional commercial lending, commercial real estate, and equipment financing.
Byline Bank
SBACHICAGO, IL
Chicago-based bank and one of the top SBA 7(a) lenders in the Midwest. Provides SBA loans, commercial real estate financing, equipment loans, and government-guaranteed lending for small and mid-sized businesses.
Cadence Bank
SBATUPELO, MS
Regional bank serving the Southeast and Texas, and an active SBA preferred lender. Offers SBA 7(a) and 504 loans, commercial real estate lending, equipment financing, and full-service business banking.
KeyBank National Association
SBACLEVELAND, OH
Major regional bank and SBA preferred lender with nationwide commercial banking operations. Offers SBA 7(a) and 504 loans, conventional business lending, commercial real estate, equipment finance, and capital markets services.
B:Side Capital
SBADenver, CO
Denver-based Certified Development Company providing SBA 504 and 7(a) financing since 1990. Specializes in helping small businesses acquire commercial real estate and heavy equipment with low down payments.
Capital Matrix, Inc.
SBABoise, ID
Boise, Idaho-based nonprofit Certified Development Company administering SBA 504 loans since 1983. Has provided over $600 million in financing to more than 1,600 companies across Idaho and the Pacific Northwest.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
What does the Salt Lake City commercial real estate market look like?
Salt Lake City is the economic and cultural hub of the Intermountain West, with a CRE market driven by the Silicon Slopes tech corridor, a major healthcare sector, and its role as a regional financial and transportation center. Downtown's City Creek Center redevelopment and the Granary District's conversion into a creative office and mixed-use neighborhood have revitalized the urban core, while the Point of the Mountain area between Salt Lake City and Provo is slated for a massive mixed-use development on the former state prison site. The I-15 corridor from Ogden through Salt Lake to Provo functions as a continuous commercial spine, with industrial demand concentrated in the West Valley City and Salt Lake City International Airport expansion area. The city's hosting of the 2002 Winter Olympics left a legacy of infrastructure and international visibility that continues to support tourism and convention demand.
Key Economic Drivers
- ●Silicon Slopes tech corridor headquarters including Qualtrics, Pluralsight, Domo, and Lucid Motors
- ●Intermountain Health and University of Utah Health systems driving major medical campus expansions
- ●Salt Lake City International Airport's $4.1 billion New SLC terminal redevelopment
- ●Goldman Sachs, Zions Bancorporation, and the financial services sector in the downtown core
Market Insight
The Point of the Mountain State Land Authority is overseeing the redevelopment of 600+ acres at the former Utah State Prison site into a mixed-use innovation district, representing one of the largest urban development opportunities in the western U.S. with buildout expected to span the next two decades.
How do sba 504 loans work in Salt Lake City, Utah?
SBA 504 loans provide long-term, fixed-rate financing for major fixed assets like commercial real estate and heavy equipment. The loan is split between a bank (50%), a Certified Development Company (40%), and your down payment (10%), resulting in below-market rates on the CDC portion. In the Salt Lake City metro area, borrowers can access 14 lenders offering SBA 504 financing, including Provo, Sandy, West Jordan, and surrounding areas. Loan amounts typically range from $125K to $17M with rates from Below market (CDC portion ~5-6%).
Who should consider sba 504 loans?
- Owner-occupied commercial real estate
- Heavy equipment purchase
- Business expansion
- New construction
What are the key requirements?
- For-profit business
- Net worth under $15M
- Average net income under $5M (after taxes) for prior 2 years
- 51%+ owner occupancy
- Create or retain jobs (1 per $90,000 CDC)
Advantages
- ✓Only 10% down payment
- ✓Below-market fixed rate on CDC portion
- ✓Long terms (20-25 years for RE)
- ✓No balloon payments
Considerations
- •Must be owner-occupied (51%+ for existing, 60%+ for new construction)
- •Cannot be used for working capital
- •Longer closing timeline
- •Two closings (bank + CDC)
SBA 504 Loans in Salt Lake City FAQ
How many SBA 504 lenders serve Salt Lake City, UT? ▼
What are SBA 504 loan rates in Salt Lake City? ▼
What is a Certified Development Company (CDC)? ▼
Can I use SBA 504 for a rental property? ▼
How is the SBA 504 loan structured? ▼
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