- Utah's Commercial Financing Registration and Disclosure Act (effective January 1, 2023) requires covered providers to register with the Department of Financial Institutions and disclose total funds, total repayment, total dollar cost, and payment terms—though it does not require an APR figure.
- The economy is led by the 'Silicon Slopes' technology corridor, plus aerospace and defense, outdoor-recreation brands, mining, financial services, and national-park and ski tourism.
- The SBA Utah District Office in Salt Lake City (with a St. George branch) covers the entire state.
Funding the Utah economy
Utah has spent the past decade as one of the country’s standout growth stories. The Wasatch Front — running through Salt Lake City, West Valley City, Provo, and the booming tech hub of Lehi — anchors the “Silicon Slopes” software cluster, while the wider state economy leans on aerospace and defense around Hill Air Force Base, outdoor-recreation brands, mining, financial services, and a tourism draw built on five national parks and the Wasatch ski resorts. Steady in-migration and a young workforce keep new businesses forming and existing ones hiring, which translates into constant demand for capital.
Industries we fund across Utah
- Technology & software — revenue-based financing and lines of credit for the fast-scaling firms along the Silicon Slopes corridor from Salt Lake City to Provo and Lehi.
- Outdoor recreation & products — working capital and inventory financing for the gear makers and retailers the state is known for.
- Construction & trades — equipment loans and lines of credit for contractors keeping pace with growth across the Wasatch Front.
- Aerospace, defense & manufacturing — equipment financing for the supplier shops feeding the state’s advanced-manufacturing base.
- Tourism & hospitality — short-term working capital for hotels, restaurants, and outfitters serving national-park and ski-resort visitors.
What Utah’s rules mean for you
Utah is one of a handful of states with a commercial financing disclosure law on the books. Under the Commercial Financing Registration and Disclosure Act, providers of covered financing must register with the Utah Department of Financial Institutions and give you a clear breakdown before you sign — the total funds provided, the total amount you’ll repay, the total dollar cost, and the payment schedule. One thing to watch: Utah does not require an APR figure, so ask any provider for the factor rate, holdback percentage, and every fee in writing so you can compare offers apples-to-apples. Hoss Capital only works with partners who operate transparently.