County7th of 29 in Utah by approvalsFIPS 49021
SBA loans in Iron 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 153 loans to businesses in Iron County, Utah, in FY2021 to FY2025, worth $70.8M: 124 under 7(a) and 29 under 504.
That is 79.1 approvals per 1,000 business establishments (1,935 establishments in 2023), above the Utah figure of 67.5 and above the national 41.0.
It ranks 7th of 29 Utah counties with approvals. In FY2025 there were 31, up 15% on FY2024.
26 lenders had approvals here; the most active were State Bank of Southern Utah (48), Mountain America FCU (23) and Mountain West Small Business Finance (21). The most common industry was automotive repair and maintenance.
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 Iron County
By number of approvals to businesses in the county, FY2021–FY2025; 26 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | State Bank of Southern UtahCedar City, UT | 48 | $14.4M | 31.4% | |
| 2 | Mountain America FCUSandy, UT | 23 | $6.1M | 15.0% | |
| 3 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 21 | $15.7M | 13.7% | |
| 4 | Zions Bank, A Division ofSalt Lake City, UT | 12 | $2.1M | 7.8% | |
| 5 | Intermountain Business Lending, Inc.Ogden, UT · CDC | 8 | $7.5M | 5.2% | |
| 6 | Cache Valley BankLogan, UT | 7 | $1.7M | 4.6% | |
| 7 | U.S. Bank, National AssociationCincinnati, OH | 6 | $87K | 3.9% | |
| 8 | The Huntington National BankColumbus, OH | 4 | $785K | 2.6% | |
| 9 | Celtic Bank CorporationSalt Lake City, UT | 3 | $1.9M | 2.0% | |
| 10 | US Metro BankGarden Grove, CA | 2 | — | 1.3% | |
| 11 | Community Banks of Colorado, A Division of NBH BankGreenwood Village, CO | 2 | — | 1.3% | |
| 12 | Newtek Bank, National AssociationMiami, FL | 2 | — | 1.3% | |
| 13 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 1.3% | |
| 14 | Encore BankLittle Rock, AR | 1 | — | 0.7% | |
| 15 | Old National BankEvansville, IN | 1 | — | 0.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Repair and MaintenanceNAICS 8111 | 11 | 7.2% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 9 | 5.9% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 8 | 5.2% | |
| 4 | Other Schools and InstructionNAICS 6116 | 6 | 3.9% | |
| 5 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 5 | 3.3% | |
| 6 | Health and Personal Care RetailersNAICS 4561 | 5 | 3.3% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 4 | 2.6% | |
| 8 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 4 | 2.6% | |
| 9 | Computer Systems Design and Related ServicesNAICS 5415 | 3 | 2.0% | |
| 10 | Household and Institutional Furniture and Kitchen Cabinet ManufacturingNAICS 3371 | 3 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 25 | 16.3% | |
| 2 | Retail Trade | 20 | 13.1% | |
| 3 | Construction | 20 | 13.1% | |
| 4 | Other Services (except Public Administration) | 15 | 9.8% | |
| 5 | Professional, Scientific, and Technical Services | 13 | 8.5% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 12 | 7.8% | |
| 7 | Accommodation and Food Services | 11 | 7.2% | |
| 8 | Real Estate and Rental and Leasing | 9 | 5.9% |
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* | 7 | $2.0M | $200K | 6 | $9.9M | 13 | 202 |
| FY2025 | 28 | $8.7M | $205K | 3 | $1.2M | 31 | 191 |
| FY2024 | 21 | $14.7M | $115K | 6 | $5.6M | 27 | 298 |
| FY2023 | 27 | $10.9M | $110K | 4 | $2.3M | 31 | 381 |
| FY2022 | 18 | $4.0M | $132K | 10 | $10.2M | 28 | 300 |
| FY2021 | 30 | $9.3M | $220K | 6 | $3.9M | 36 | 327 |
| FY2020 | 25 | $6.9M | $144K | 2 | — | 27 | 268 |
| FY2019 | 22 | $4.0M | $100K | 4 | $2.2M | 26 | 290 |
| FY2018 | 28 | $5.7M | $88K | 3 | $1.3M | 31 | 281 |
| FY2017 | 24 | $4.9M | $75K | 5 | $3.2M | 29 | 96 |
| FY2016 | 29 | $6.7M | $75K | 2 | — | 31 | 120 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 144 approvals.
Against Utah and the country
| FY2021–FY2025 | Iron County | Utah | United States |
|---|---|---|---|
| Approvals | 153 | 6,449 | 342,825 |
| Approvals per 1,000 establishments | 79.1 | 67.5 | 41.0 |
| Median 7(a) approval | $150K | $200K | $190K |
| Median 504 approval | $620K | $689K | $657K |
| Average approval | $463K | $628K | $573K |
| 504 share of approvals | 19.0% | 21.6% | 11.0% |
| Jobs supported per approval, as reported | 9.8 | 11.9 | 10.5 |
| Share of state approvals | 2.4% | 100.0% | — |
Approval sizes
- $50,000 or less19.6%30
- $50,001 to $150,00022.2%34
- $150,001 to $350,00020.9%32
- $350,001 to $1 million24.8%38
- $1 million to $2 million9.2%14
- Over $2 million3.3%5
Age of the businesses
- Existing, more than 2 years old56.9%87
- New business, 2 years or less19.6%30
- Startup, loan funds will open the business16.3%25
- Change of ownership7.2%11
Questions and answers
Which lenders make the most SBA loans in Iron County?
By approvals in FY2021 to FY2025: State Bank of Southern Utah (48), Mountain America FCU (23), Mountain West Small Business Finance (21), Zions Bank, A Division of (12), Intermountain Business Lending, Inc. (8). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Iron County?
The median 7(a) approval was $150K and the median 504 approval $620K; the Utah 7(a) median was $200K.
Which industries get the most SBA loans in Iron County?
Automotive Repair and Maintenance (11); Services to Buildings and Dwellings (9); Other Specialty Trade Contractors (8); Other Schools and Instruction (6); RV (Recreational Vehicle) Parks and Recreational Camps (5).
Is SBA lending in Iron County rising?
Approvals in the three latest complete fiscal years total 89, against 91 in the three before: broadly level (-2%).
How does Iron County compare with the rest of Utah?
79.1 approvals per 1,000 establishments against 67.5 statewide, and 153 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