Building Utah’s Future, Together
As Utah continues to grow, the contractors, plumbers, electricians, and skilled tradespeople are the ones building its future. From residential developments in Utah County to commercial projects in downtown Salt Lake City, your work lays the foundation for our state’s prosperity. At Utah Biz Funding, we provide the financial tools you need to take on bigger projects, invest in critical equipment, and build a stronger business.
We understand the unique demands of the trades. We specialize in financing solutions designed to match the project-based nature of your work, ensuring you have the capital you need, right when you need it.
Construction and skilled trades businesses are defined by extensive, project-based work. This leads to significant cash flow challenges, as you must often pay for expensive materials and labor long before receiving final payment for a completed job.
The cost of heavy machinery, work vehicles, and specialized tools is very high. Furthermore, the gap between paying for project expenses and getting paid by the client can be weeks or even months, straining cash reserves and making it difficult to start the next job. This is the core financial challenge we help you solve.
Your work requires specialized tools, and your financing should be just as specialized. We connect you with a network of lenders to offer funding solutions tailored to the needs of contractors and tradespeople.
Let your new equipment pay for itself. This type of loan is used specifically to purchase new or used machinery and vehicles essential to your trade. The asset itself serves as collateral, often resulting in competitive rates and a straightforward approval process.
Don’t let a project stall while you wait for a client’s check to clear. A working capital loan provides a fast infusion of cash to bridge the gap between expenses and revenue. It’s the perfect solution for managing the day-to-day costs of a large project.
A line of credit offers a flexible, revolving source of funds you can access anytime. It’s the ideal tool for managing fluctuating material costs, covering unexpected repairs, or having a cash reserve ready for multiple smaller jobs. Use what you need, pay it back, and have it ready for the next time.
For major business milestones, an SBA loan provides significant capital with favorable, long-term repayment options. This is the ideal choice for buying a commercial yard or shop, purchasing a large fleet of vehicles, or financing a significant, strategic expansion of your operations.
1. I won a big contract but need cash to buy materials and hire staff. What’s my best option? A working capital loan is perfectly designed for this scenario. It provides the upfront funds you need for mobilization, allowing you to start work immediately without draining your reserves.
2. Can I finance a used piece of equipment? Yes. Many of our lending partners offer excellent financing options for used equipment, allowing you to get the tools you need at a more affordable price point.
3. My revenue is inconsistent because of project timelines. Can I still qualify? We understand that your income isn’t a steady, monthly check. Lenders familiar with the construction industry will look at your contract pipeline, job history, and overall annual revenue rather than focusing on a single slow month.
4. How fast can I get funds to make payroll this week? Working capital loans are designed for speed. In many cases, the process from funding application can be completed in as little as 24-48 hours.
Your next project is waiting. Don’t let funding be the missing tool in your belt.
Contact Utah Biz Funding today for a free, no-obligation consultation, and let’s get to work.