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Wasatch Business Finance, a Newly Approved Certified Development Company is Now Open in Utah

Updated: Feb 27, 2023

For Immediate Release

April 25th, 2022

SALT LAKE CITY, Utah – Wasatch Business Finance, a Certified Development Company, received federal approval to commence operations to help service and advance the capital financing needs of businesses via the SBA 504 loan program. Wasatch Business Finance is the first Certified Development Company approved in Utah since 1980.

“We are excited to be operating in conjunction with the SBA to facilitate SBA 504 loans for Utah small businesses” said, Steve Carlston, President of Wasatch Business Finance. “There is a definitive need, due to market growth, for a CDC that provides exemplary service and quick turnarounds to Utah businesses. We feel that we can deliver this experience consistently as Wasatch Business Finance was built by bankers, for bankers.” Carlston, continued.

Bard Baldwin, President of 1st Utah Bank, added, “As the Utah market continues to grow, we are pleased that we will have additional options to serve our important SBA borrowers”.

Wasatch Business Finance is led by a team of individuals with extensive experience in banking and business strategy who understand the needs of Utah small business owners regarding capital financing options. Specializing in SBA 504 lending, Wasatch Business Finance is positioned to help grow small businesses and job creation in Utah.

For more information on SBA 504 lending, visit Wasatch Business Finance at Or, reach out to Steve Carlston, President of Wasatch Business Finance at 385-799-6701 or via

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Wasatch Business Finance Utah SBA 504 Loans

SBA 504 Loans Utah Wasatch Business Finance
Wasatch Business Finance - A Certified Development Company


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