Why Lenders
Choose
Wasatch Business Finance
Excel as a Lender with Wasatch Business Finance as Your Partner
If you're looking for a Certified Development Company (CDC) that offers SBA 504 loans and exemplary service and doesn't drop the ball, you won't find a better option than Wasatch Business Finance. Unlike other Utah CDCs, we prioritize superior customer service and a deep understanding of loan structuring to help you get the best experience for your client.
Our team has over 25 years of experience in the financing industry, providing fixed interest rates and quick turnaround times. We take pride in being an SBA-certified lender and have helped Utah businesses and our lending partners reach their goals through personalized interactions.
When you choose Wasatch Business Finance as your Utah CDC, you're choosing a partner who is dedicated to helping you thrive. Contact us today to learn more about our approach and why we're the best CDC for your business needs. 385-799-6700
What Sets Us Apart as a CDC
Experience
Service
Speed
Built by Lenders for Lenders
1
Wasatch Business Finance is Utah's only Certified Development Company (CDC) built to service the lending community. WBF was created by commercial lenders with decades of commercial credit, underwriting, and lending experience. We understand lenders, because we are lenders.
Entrepreneurial Board of Directors
2
Wasatch Business Finance is Utah's only CDC with a Board of Directors that understands small business and entrepreneur needs. 80% of our board members are entrepreneurs who started small businesses from the ground up. We understand small business because we are small business owners.
No Current Lenders on Board of Directors
3
Wasatch Business Finance does not and will not allow anyone currently employed in the lending community to serve on its Board of Directors. We believe this is a conflict of interest. One lender should never have access to other lender's confidential and proprietary information.
A Deep Commitment to Service
4
We understand that real estate financing is time sensitive. We commit to providing high-levels of service, open and consistent communication, and establishing defined underwriting, approval & closing expectations.
Confidentiality
5
We will never share borrower or lender information with anyone except the SBA, without written authorization. We believe in confidentiality.
How Lenders Benefit from Utilizing the SBA 504 Loan
Banks and credit unions can benefit from the SBA 504 Loan Program in various ways.
They can provide up to 90% long-term financing for the purchase of eligible fixed assets, including commercial real estate, leasehold improvements, machinery, and equipment. This expands their business loan portfolio while minimizing collateral risk.
With the program, lenders can make their own credit decisions and set their own rates and fees, allowing them to earn fees and interest income on interim loans related to the project.
The SBA 504 Loan Program helps lenders manage their lending limits and industry exposure. Participating banks are also eligible for Community Reinvestment Act credit on certain projects.
We'd Love to Work With You! Contact Us.
385-799-6700