Business Loan Broker in Provo, UT
Foothill Lenders is a licensed commercial business loan broker serving Provo and Utah County.
Foothill Lenders is a licensed commercial business loan broker serving Provo and Utah County.
A business loan broker shops your funding request across dozens of lenders, not just one. We submit your file to banks, credit unions, alternative lenders, and SBA-preferred institutions. You get options. We earn a fee from the lender when your loan closes, so our service costs you nothing upfront. We translate underwriting jargon, negotiate terms, and keep the process moving while you run your business. Brokers exist because the small business lending broker landscape is fragmented, community banks, online platforms, and specialty finance companies all have different appetites, and no single borrower has time to pitch them all.
Provo's business mix, from BYU spin-offs in software to multi-generation retail shops downtown, means cookie-cutter loan products fail. A broker knows which lender will fund a franchise purchase in Spanish Fork and which one underwrites receivables for a Pleasant Grove distributor.
Loan programs
SBA loan brokers prepare the extra paperwork SBA guarantees require: personal financial statements, business debt schedules, use-of-proceeds narratives. The guarantee lowers lender risk, so you may qualify when a conventional bank says no.
Short-term working capital loans fill the gap between payroll and receivables. A line of credit works like a credit card for your business: borrow what you need, repay, repeat.
Equipment financing brokers arrange loans or leases secured by the machine itself, ovens, CNC mills, delivery vans, dental chairs. Lenders advance 80 to 100 percent of the invoice.
Factoring companies buy your outstanding invoices at a discount and collect from your customers. It's not a loan; it's a sale of receivables.
Most lenders want six months in business, a credit score above 600, and revenue that covers existing obligations plus the new payment. Startups lean on owner equity and collateral. Profitable companies with two years of tax returns have the widest menu. We've placed loans for sole proprietors grossing $150,000 and corporations doing $10 million. If one lender declines, we pivot to another.
How it works
Call (801) 880-5047 or visit our office at 412 W Rivers Edge Dr, Provo, UT 84604. Bring two years of business tax returns, year-to-date profit-and-loss, a current balance sheet, and a one-paragraph explanation of what you need and why. We'll ask about owner credit, existing liens, and how you plan to repay. Within 48 hours you'll know which lenders we're approaching. We handle submission, follow-up, and closing coordination. You sign once; we do the rest.
A family-owned HVAC company in Provo wanted to replace three aging service trucks before the cooling season. The owner's credit was fair, and the bank he'd used for 15 years offered only 60 percent financing. We placed the deal with a Utah credit union that lent against the invoice at 90 percent and structured payments over five years. The trucks rolled in April. No fabricated numbers, just a better match between borrower and lender.
Serving the Provo area
We know which lenders fund which kinds of Provo businesses, and we position your file where it fits.
One local broker, many lenders, and no cost to apply.
Common questions
Talk to a local advisor and get matched to the right program, no obligation.