Utah Economy – Commercial Lending
The research has been conducted, and the results have been recorded. Utah’s economy is doing really, really well, and the outlook for the rest of 2015 is great! According to an economic report submitted to Utah’s Governor, job growth, lower unemployment, and positive economic performance are ahead for the rest of 2015 for the state. If history repeats itself, then we foresee the commercial lending industry to follow the upward trend. In our experience, commercial lending in the state will pick up as the economy picks up which is great news for business owners and those looking to own their real estate. When the lending market is busy, interest rates become more competitive, and the business owner is the real winner in that case. Working with First Capital gives the business owner a superior edge because of our ability to “shop” banks for the borrower. This allows the borrower to stay good at what he/she is good at, and allows us to go to bat for them. Instead of wasting time visiting or calling banks, we do the leg work for the borrower, and we’ve received great feedback from that service we provide. So, long story short: the economy is on the uptick, commercial lending will follow suit, and First Capital has superior service and the tools that business owners need to succeed.