Zions Bank Small Business Loans Review for 2021

Zions Bank Small Business Loans Summarized

As one of the oldest chartered banks in the nation, Zions Bank has certainly made a name for itself.[1] And ever since it was founded in 1873, the bank has been steadily growing and expanding its offerings. But, tenure aside, do the Zions Bank small business loans that this institution offers live up to its legacy?

And, more importantly, are the small business loans from Zions Bank able to address your funding needs?

We’ve compiled a complete guide to Zions Bank commercial loans to help you answer these questions for yourself. Read on for all the details you need to know to decide whether or not Zions Bank business loans are the right fit for your small business.


  1. SBA loans with guarantee fees waived on loans of $125,000 or less.
  2. Business Access Loans of up to $50,000.
  3. Business term loans with terms of up to 84 months.
  4. Business lines of credit both secured and unsecured.
  5. Equipment financing both leasing and term loans.
  6. Commercial real estate financing in the form of lines of credit and term loans.
  7. Factoring finance for accounts receivable.
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Overview of Zions Bank Business Loans

The Zions Banks small business loan suite offers a remarkably broad spectrum of funding, especially when measured against other traditional banks’ small business funding offerings.

All in all, Zions Bank business loans come in seven different forms—ranging from products as complicated as SBA loans to funding as accessible as factoring. So, small business funding from Zions Banks can address a wide variety of funding needs.

That said, before you dive into the details on Zions Bank small business loans, be sure to note—Zions Bank only operates in Idaho and Utah, so these seven funding options will only be available to small businesses operating in those two states.

If you’re operating within Idaho or Utah, then great! Zions Bank small business loans will definitely be worth considering. If not, we suggest you jump forward to the top alternatives to Zions Bank small business loans that we highlight later on in this article.

    Zions Bank SBA Loans

    To put it simply, Zions Bank is pretty good at SBA lending. They’ve earned the number one spot for SBA 7(a) lending for 25 years in Utah and 17 years in Idaho. Plus, their SBA loans suite encompasses pretty much any type of SBA loan you might need.

    One unique perk that Zions Bank SBA loans offer is a guarantee fee. Like pretty much any guaranteed business loan you’ll come across, SBA loans come with a guarantee fee in the form of a small percentage of the amount of your loan that the SBA guarantees. But if you secure an SBA loan of up to $125,000 from Zions Bank, then they will waive your guarantee fee.

    Zions Bank Business Access Loans

    If you’re looking for a Zions Bank small business loan that can fund quicker than an SBA loan, then you should definitely consider their Business Access Loan program. These Zions Banks business loans are essentially just smaller versions of their term loans and business lines of credit (which we’ll cover later).

    Due to the smaller size of Business Access Loans, Zions Bank is able to provide applicants with a credit decision within a day and fund qualifying businesses a day after they apply for funding.

    Business Access lines of credit offer up credit limits of up to $50,000, rates as low as 7.24%, and terms as long as three years. And Business Access term loans can be as large as $175,000 with rates as low as 6.85%, and terms as long as five years. Be sure to note, though, that unlike their line of credit counterparts, Business Access terms loans will require collateral.

    Additionally, both of these quick funding options come with additional fees. The Business Access line of credit comes with a $150 fee for every year you have it, and the Business Access term loan comes with a one-time $150 origination fee.

    Zions Bank Business Term Loans

    Alternatively, if you need a term loan of more than $175,000, then Zions Bank’s traditional term loan will be better suited for your funding needs. Zions Bank business term loans can be secured or unsecured and offer up loan repayment terms of as long as seven years. Through these Zions Bank commercial loans, you’ll be able to access up to 100% of the cost of a specific asset you might need to purchase or up to $500,000 for refinancing current debt.

    Zions Bank Business Lines of Credit

    If you’re looking for a credit limit of more than $50,000, then you’ll need to look beyond Zions Bank Business Access lines of credit to their larger business line of credit offerings. Their traditional business lines of credit can be either secured or unsecured, and they allow businesses to set themselves up for sustained access to quick, affordable funding.

    Zions Bank Equipment Financing

    If you’re specifically looking for funding to invest in an equipment purchase, the Zions Bank small business loan suite also offers a solution for that. Through Zions Bank equipment loan, you’ll be able  to access up to 80% of the value of the piece of equipment you intend to purchase.

    You’ll repay your equipment financing with a traditional monthly remittance schedule as you would with a business term loan. Throughout the whole process, your business will be the legal owner of the equipment, and the equipment itself will act as collateral for your debt.

    If you’re not concerned with owning the equipment, then you might consider equipment leasing over equipment financing. Luckily, Zions Bank offers both of these options, so you can compare and contrast their offerings in one place.

    Zions Bank Commercial Real Estate Financing

    Additionally, if you’re looking for business financing to invest in commercial real estate, Zions Bank offers multiple funding solutions for that, too. Their commercial real estate lines of credit and term loans offer loan amounts of up to 75% of the value of the real estate you’re hoping to invest in. Plus, they come with repayment terms as long as fifteen years.

    Zions Bank Factoring Finance

    Finally, the most accessible of the Zions Bank small business loans is their factoring product.[2] Through factoring, Zions Bank advances businesses a percentage of their outstanding accounts receivables. When invoiced customers fulfill invoices that have been factored, the factoring company gets their money back, plus interest, and then forwards the remaining capital to the borrower.

    The main draw of factoring is the underwriting requirements—because factoring repayment relies on your invoiced customer, whether or not you qualify for factoring will primarily depend on your customer’s creditworthiness. So, if you’re a new, less-qualified business, factoring could be the one Zions Bank small business loan option you have.

Zions Bank Small Business Loans: Top Alternatives

Zions Bank small business loans offer up pretty stellar options, rates, and terms—if you’re able to qualify for them. But unfortunately, as with most small business loans from banks, that’s a big “if.”

Small business loans from banks are extraordinarily exclusive: Because they take the same amount of manpower as large business loans, but earn the bank less in interest, bank small business loans are few and far between, and only the most qualified small businesses can qualify for them.

Even more, although smaller Zions Bank business loans and lines of credit can fund quickly, if you need access to more capital, you’ll have to wait patiently—banks tend to take months to fund.

If both of these downsides to Zions Bank small business loans are deal breakers for your business funding search, it’s time to start considering alternatives. Here are four top lenders that provide more accessible, quicker-to-fund small business loans:

    Lending Club

    If you’re looking for a term loan for your business, then consider the online lender Lending Club, a go-to Zions Bank alternative. To be eligible for a term loan from Lending Club, you’ll need to fulfill three minimum requirements:

    • At least $50,000 in annual revenue
    • A personal credit score of at least 620
    • At least a year in business

    If you qualify, your term loan from Funding Circle could be anywhere from $5,000 to $300,000 with rates as low as 5.9% and repayment terms from one to five years long. And if you end up accepting your offer, then Funding Circle can fund you in as little as a day.


    If you want access to a revolving credit limit of more than $50,000, but don’t have time to wait for the longer underwriting that Zions Bank business lines of credit require, then look into Kabbage. Kabbage is an online lender that offers business lines of credit from $2,000 to $250,000 with repayment terms of either six months or a year. And, unlike many short-term lines of credit that require weekly or even daily payments, Kabbage funding comes with a monthly repayment schedule.

    To be eligible for a line of credit from Kabbage, you’ll need to check off the following minimum requirements:

    • At least $50,000 in annual revenue or $4,200 in monthly revenue
    • A personal credit score of at least 550
    • At least a year in business

    And if you end up funding with Kabbage, you can receive your funding as quickly as within the same day that you apply.

    Balboa Capital

    If you need to invest in a piece of equipment, then we suggest you consider Balboa Capital equipment financing over Zions Bank equipment financing. Balboa Capital offers equipment financing from $2,000 to $500,000 with repayment terms as long as five years and rates as low as 3.99%. Plus, Balboa Capital can often fund qualifying application within the same day that they’re submitted.

    Before you apply, make sure you fulfill Balboa Capital’s minimum requirements:

    • At least $100,000 in annual revenue
    • A personal credit score of at least 600
    • At least a year in business

    If you’re eligible for equipment financing from Balboa Capital, this could be one of your very best options for funding a big equipment purchase.


    Finally, if you’re interested in accessing funding for your accounts receivables like Zions Bank factoring finance offers, we suggest you also take a look at Fundbox invoice financing. This online lender offers capital that’s secured by your outstanding invoices, rather than simply buying the invoices from your business, which factoring entails. Fundbox invoice financing comes in amounts from $1,000 up to $100,000, and all you’ll need to be eligible is accounting software and six months in business.

    Once you apply for funding, Fundbox can provide a credit decision based on your account data within minutes. And if you decide to take them up on their offer, then you could receive your invoice financing proceeds within a matter of hours.

    And after you’ve created your account with Fundbox, this form of funding works much like a line of credit—you’ll be able to draw on your Fundbox invoice financing based on the ebb and flow of your accounts receivable.

The Verdict on Zions Bank Small Business Loans

Having made it through this comprehensive review of all the Zions Bank commercial loans available, what’s the verdict on this funding source?

Well, with all of the information from this guide, you’re more than equipped to come up with your own verdict. Do any of the seven Zions Bank small business loans address your business’s funding needs?

Although Zions Bank small business loans have evolved with the ever-changing market—growing to include factoring and quick-to-fund financing—they’re still bank small business loans at the end of the day. So, if you decide to apply for a Zions Bank business loan, be sure to fortify your application as much as possible, and be sure to know that the process won’t be the quickest on the market.

Article Sources:

Maddie Shepherd

Maddie Shepherd is a former Fundera senior staff writer and current contributing writer for Fundera. 

Maddie has an extensive knowledge of business credit cards, accounting tools, and merchant services, but specializes in small business financing advice. She has reviewed and analyzed dozens of financial tools and providers, helping business owners make better financial decisions. 

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