Small businesses in Utah account for 590,417 jobs, which accounts for 46% of employees in the state. There are around 301,265 small businesses in Utah which is about 99.3% of Utah businesses. From construction and manufacturing to educational services and high technology, small businesses are an important part of every industry in Utah State. In 2019, small businesses in Utah exported goods worth $11.1 billion. 

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Five industries have the highest number of small industries:

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• Professional, scientific and technical services - 48,732
• Real estate, rental and leasing - 40,036
• Other services - 34,961
• Retail trade - 33,513
• Construction - 27,036

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Especially now, considering the economic fallout from COVID-19 Utah government-imposed lockdowns, the demand for small business financing will surely rise. Now is the time to seek affordable capital if you are a small business in Utah State. Our bank partners are offering affordable access to credit in the form of a credit line (line of credit).

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The truth is that banks in Utah do issue business lines of credit and we know which banks offer the best terms. Whether you want access to 1 or multiple unsecured lines of credit, we have the knowledge and network to get it done.

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Apply for a business line of credit today.

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-Revolving Line of Credit allows you to access cash when you need it

-With rates as low as 4%, these credit lines are cheaper than most credit card companies

-Your business doesn’t have to borrow expensive MCA’s (merchant cash advance) to finance operations and cash flow dips.

-You can keep your current business bank account at your current bank.

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Line of Credit Depot has the largest network of local and national banks in Utah, so your business gets paired with the best programs.

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