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County10th of 29 in Utah by approvalsFIPS 49003
SBA loans in Box Elder County, Utah
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 87 loans to businesses in Box Elder County, Utah, in FY2021 to FY2025, worth $34.6M: 66 under 7(a) and 21 under 504.
That is 65.3 approvals per 1,000 business establishments (1,332 establishments in 2023), close to the Utah figure of 67.5 and above the national 41.0.
It ranks 10th of 29 Utah counties with approvals. In FY2025 there were 18, about level with FY2024.
22 lenders had approvals here; the most active were Mountain West Small Business Finance (18), Zions Bank, A Division of (13) and Cache Valley Bank (11). The most common industry was general freight trucking.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Box Elder County
By number of approvals to businesses in the county, FY2021–FY2025; 22 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 18 | $14.5M | 20.7% | |
| 2 | Zions Bank, A Division ofSalt Lake City, UT | 13 | $2.6M | 14.9% | |
| 3 | Cache Valley BankLogan, UT | 11 | $4.5M | 12.6% | |
| 4 | Mountain America FCUSandy, UT | 9 | $1.7M | 10.3% | |
| 5 | KeyBank National AssociationCleveland, OH | 9 | $243K | 10.3% | |
| 6 | U.S. Bank, National AssociationCincinnati, OH | 4 | $775K | 4.6% | |
| 7 | Intermountain Business Lending, Inc.Ogden, UT · CDC | 3 | $1.8M | 3.4% | |
| 8 | First Merchants BankIndianapolis, IN | 2 | — | 2.3% | |
| 9 | Northeast BankLewiston, ME | 2 | — | 2.3% | |
| 10 | BayFirst National BankSaint Petersburg, FL | 2 | — | 2.3% | |
| 11 | Canyon View Federal Credit UnionSalt Lake City, UT | 2 | — | 2.3% | |
| 12 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 2.3% | |
| 13 | America First Federal Credit UnionRiverdale, UT | 1 | — | 1.1% | |
| 14 | Heritage Bank IncBurlington, KY | 1 | — | 1.1% | |
| 15 | Enterprise Bank & TrustClayton, MO | 1 | — | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 9 | 10.3% | |
| 2 | Special Food ServicesNAICS 7223 | 6 | 6.9% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 4.6% | |
| 4 | Personal Care ServicesNAICS 8121 | 4 | 4.6% | |
| 5 | Cement and Concrete Product ManufacturingNAICS 3273 | 3 | 3.4% | |
| 6 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 3.4% | |
| 7 | Highway, Street, and Bridge ConstructionNAICS 2373 | 3 | 3.4% | |
| 8 | Lessors of Real EstateNAICS 5311 | 3 | 3.4% | |
| 9 | Residential Building ConstructionNAICS 2361 | 3 | 3.4% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 3 | 3.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 17 | 19.5% | |
| 2 | Other Services (except Public Administration) | 12 | 13.8% | |
| 3 | Accommodation and Food Services | 11 | 12.6% | |
| 4 | Transportation and Warehousing | 11 | 12.6% | |
| 5 | Manufacturing | 9 | 10.3% | |
| 6 | Health Care and Social Assistance | 5 | 5.7% | |
| 7 | Retail Trade | 5 | 5.7% | |
| 8 | Real Estate and Rental and Leasing | 4 | 4.6% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 12 | $2.6M | $111K | 1 | — | 13 | 47 |
| FY2025 | 17 | $3.6M | $120K | 1 | — | 18 | 161 |
| FY2024 | 13 | $1.8M | $50K | 6 | $7.9M | 19 | 140 |
| FY2023 | 17 | $4.3M | $115K | 5 | $3.0M | 22 | 154 |
| FY2022 | 7 | $2.1M | $238K | 4 | $2.1M | 11 | 39 |
| FY2021 | 12 | $6.6M | $208K | 5 | $3.2M | 17 | 218 |
| FY2020 | 6 | $1.5M | $223K | 4 | $1.1M | 10 | 42 |
| FY2019 | 12 | $5.3M | $232K | 10 | $7.0M | 22 | 116 |
| FY2018 | 12 | $2.3M | $96K | 2 | — | 14 | 86 |
| FY2017 | 20 | $8.4M | $160K | 2 | — | 22 | 265 |
| FY2016 | 25 | $8.8M | $96K | 2 | — | 27 | 117 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 95 approvals.
Against Utah and the country
| FY2021–FY2025 | Box Elder County | Utah | United States |
|---|---|---|---|
| Approvals | 87 | 6,449 | 342,825 |
| Approvals per 1,000 establishments | 65.3 | 67.5 | 41.0 |
| Median 7(a) approval | $118K | $200K | $190K |
| Median 504 approval | $478K | $689K | $657K |
| Average approval | $398K | $628K | $573K |
| 504 share of approvals | 24.1% | 21.6% | 11.0% |
| Jobs supported per approval, as reported | 8.2 | 11.9 | 10.5 |
| Share of state approvals | 1.3% | 100.0% | — |
Approval sizes
- $50,000 or less32.2%28
- $50,001 to $150,00014.9%13
- $150,001 to $350,00019.5%17
- $350,001 to $1 million23.0%20
- $1 million to $2 million6.9%6
- Over $2 million3.4%3
Age of the businesses
- Existing, more than 2 years old52.9%46
- New business, 2 years or less26.4%23
- Startup, loan funds will open the business12.6%11
- Change of ownership8.0%7
Questions and answers
Which lenders make the most SBA loans in Box Elder County?
By approvals in FY2021 to FY2025: Mountain West Small Business Finance (18), Zions Bank, A Division of (13), Cache Valley Bank (11), Mountain America FCU (9), KeyBank National Association (9). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Box Elder County?
The median 7(a) approval was $118K and the median 504 approval $478K; the Utah 7(a) median was $200K.
Which industries get the most SBA loans in Box Elder County?
General Freight Trucking (9); Special Food Services (6); Automotive Repair and Maintenance (4); Personal Care Services (4); Cement and Concrete Product Manufacturing (3).
Is SBA lending in Box Elder County rising?
Approvals in the three latest complete fiscal years total 59, against 38 in the three before: rising (+55%).
How does Box Elder County compare with the rest of Utah?
65.3 approvals per 1,000 establishments against 67.5 statewide, and 87 of the state's 6,449 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error