County16th of 29 in Utah by approvalsFIPS 49007
SBA loans in Carbon 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.
Businesses in Carbon County, Utah, received 36 SBA loan approvals worth $23.4M in FY2021 to FY2025 (25 7(a), 11 504).
That is 72.7 approvals per 1,000 business establishments (495 establishments in 2023), close to the Utah figure of 67.5 and above the national 41.0.
It ranks 16th of 29 Utah counties with approvals. In FY2025 there were 8.
16 lenders had approvals here; the most active were Mountain West Small Business Finance (8), Mountain America FCU (7) and Cache Valley Bank (4). The most common industry was restaurants and other eating places.
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 Carbon County
By number of approvals to businesses in the county, FY2021–FY2025; 16 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 8 | $8.3M | 22.2% | |
| 2 | Mountain America FCUSandy, UT | 7 | $1.9M | 19.4% | |
| 3 | Cache Valley BankLogan, UT | 4 | $1.6M | 11.1% | |
| 4 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 5.6% | |
| 5 | Community Banks of Colorado, A Division of NBH BankGreenwood Village, CO | 2 | — | 5.6% | |
| 6 | Intermountain Business Lending, Inc.Ogden, UT · CDC | 2 | — | 5.6% | |
| 7 | Zions Bank, A Division ofSalt Lake City, UT | 2 | — | 5.6% | |
| 8 | Stone BankMountain View, AR | 1 | — | 2.8% | |
| 9 | B:Side CapitalDenver, CO · CDC | 1 | — | 2.8% | |
| 10 | The Huntington National BankColumbus, OH | 1 | — | 2.8% | |
| 11 | Eastern Utah Community FCUPrice, UT | 1 | — | 2.8% | |
| 12 | Mountain West Small Business FinanceSalt Lake City, UT | 1 | — | 2.8% | |
| 13 | Central BankProvo, UT | 1 | — | 2.8% | |
| 14 | Live Oak Banking CompanyWilmington, NC | 1 | — | 2.8% | |
| 15 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 13.9% | |
| 2 | Waste CollectionNAICS 5621 | 3 | 8.3% | |
| 3 | Offices of PhysiciansNAICS 6211 | 2 | 5.6% | |
| 4 | Architectural and Structural Metals ManufacturingNAICS 3323 | 2 | 5.6% | |
| 5 | Other Fabricated Metal Product ManufacturingNAICS 3329 | 2 | 5.6% | |
| 6 | Beverage ManufacturingNAICS 3121 | 2 | 5.6% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 5.6% | |
| 8 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 2 | 5.6% | |
| 9 | Personal Care ServicesNAICS 8121 | 2 | 5.6% | |
| 10 | Other Personal ServicesNAICS 8129 | 2 | 5.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 7 | 19.4% | |
| 2 | Manufacturing | 7 | 19.4% | |
| 3 | Other Services (except Public Administration) | 7 | 19.4% | |
| 4 | Administrative and Support and Waste Management and Remediation Services | 4 | 11.1% | |
| 5 | Health Care and Social Assistance | 3 | 8.3% | |
| 6 | Retail Trade | 2 | 5.6% | |
| 7 | Construction | 2 | 5.6% | |
| 8 | Professional, Scientific, and Technical Services | 2 | 5.6% |
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* | 2 | — | — | 4 | $1.4M | 6 | 26 |
| FY2025 | 8 | $1.9M | $158K | 0 | — | 8 | 38 |
| FY2024 | 4 | $1.2M | $160K | 1 | — | 5 | 43 |
| FY2023 | 7 | $7.6M | $265K | 4 | $1.9M | 11 | 143 |
| FY2022 | 2 | — | — | 4 | $6.1M | 6 | 76 |
| FY2021 | 4 | $1.9M | $369K | 2 | — | 6 | 162 |
| FY2020 | 1 | — | — | 4 | $1.0M | 5 | 62 |
| FY2019 | 2 | — | — | 0 | — | 2 | 31 |
| FY2018 | 5 | $2.4M | $249K | 0 | — | 5 | 61 |
| FY2017 | 4 | $567K | $174K | 0 | — | 4 | 48 |
| FY2016 | 2 | — | — | 0 | — | 2 | 19 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 18 approvals.
Against Utah and the country
| FY2021–FY2025 | Carbon County | Utah | United States |
|---|---|---|---|
| Approvals | 36 | 6,449 | 342,825 |
| Approvals per 1,000 establishments | 72.7 | 67.5 | 41.0 |
| Median 7(a) approval | $213K | $200K | $190K |
| Median 504 approval | $556K | $689K | $657K |
| Average approval | $651K | $628K | $573K |
| 504 share of approvals | 30.6% | 21.6% | 11.0% |
| Jobs supported per approval, as reported | 12.8 | 11.9 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less13.9%5
- $50,001 to $150,00016.7%6
- $150,001 to $350,00025.0%9
- $350,001 to $1 million30.6%11
- $1 million to $2 million8.3%3
- Over $2 million5.6%2
Age of the businesses
- Existing, more than 2 years old61.1%22
- New business, 2 years or less19.4%7
- Startup, loan funds will open the business19.4%7
Questions and answers
Which lenders make the most SBA loans in Carbon County?
By approvals in FY2021 to FY2025: Mountain West Small Business Finance (8), Mountain America FCU (7), Cache Valley Bank (4), Celtic Bank Corporation (2), Community Banks of Colorado, A Division of NBH Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Carbon County?
The median 7(a) approval was $213K and the median 504 approval $556K; the Utah 7(a) median was $200K.
Which industries get the most SBA loans in Carbon County?
Restaurants and Other Eating Places (5); Waste Collection (3); Offices of Physicians (2); Architectural and Structural Metals Manufacturing (2); Other Fabricated Metal Product Manufacturing (2).
Is SBA lending in Carbon County rising?
Approvals in the three latest complete fiscal years total 24, against 17 in the three before: rising (+41%).
How does Carbon County compare with the rest of Utah?
72.7 approvals per 1,000 establishments against 67.5 statewide, and 36 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