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County15th of 29 in Utah by approvalsFIPS 49039
SBA loans in Sanpete 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 38 loans to businesses in Sanpete County, Utah, in FY2021 to FY2025, worth $15.3M: 31 under 7(a) and 7 under 504.
That is 71.2 approvals per 1,000 business establishments (534 establishments in 2023), close to the Utah figure of 67.5 and above the national 41.0.
It ranks 15th of 29 Utah counties with approvals. In FY2025 there were 15.
13 lenders had approvals here; the most active were Zions Bank, A Division of (10), Mountain America FCU (8) and Mountain West Small Business Finance (6). The most common industry was other amusement and recreation industries.
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 Sanpete County
By number of approvals to businesses in the county, FY2021–FY2025; 13 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Zions Bank, A Division ofSalt Lake City, UT | 10 | $303K | 26.3% | |
| 2 | Mountain America FCUSandy, UT | 8 | $2.9M | 21.1% | |
| 3 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 6 | $4.3M | 15.8% | |
| 4 | State Bank of Southern UtahCedar City, UT | 4 | $2.6M | 10.5% | |
| 5 | Central BankProvo, UT | 2 | — | 5.3% | |
| 6 | First Utah BankSalt Lake City, UT | 1 | — | 2.6% | |
| 7 | Live Oak Banking CompanyWilmington, NC | 1 | — | 2.6% | |
| 8 | Bank Five NineOconomowoc, WI | 1 | — | 2.6% | |
| 9 | America First Federal Credit UnionRiverdale, UT | 1 | — | 2.6% | |
| 10 | Intermountain Business Lending, Inc.Ogden, UT · CDC | 1 | — | 2.6% | |
| 11 | Northeast BankLewiston, ME | 1 | — | 2.6% | |
| 12 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 2.6% | |
| 13 | Wells Fargo Bank National AssociationSioux Falls, SD | 1 | — | 2.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 7.9% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 3 | 7.9% | |
| 3 | Household and Institutional Furniture and Kitchen Cabinet ManufacturingNAICS 3371 | 3 | 7.9% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 7.9% | |
| 5 | Other Motor Vehicle DealersNAICS 4412 | 2 | 5.3% | |
| 6 | Poultry and Egg ProductionNAICS 1123 | 2 | 5.3% | |
| 7 | General Freight TruckingNAICS 4841 | 2 | 5.3% | |
| 8 | Other Leather and Allied Product ManufacturingNAICS 3169 | 2 | 5.3% | |
| 9 | Soap, Cleaning Compound, and Toilet Preparation ManufacturingNAICS 3256 | 1 | 2.6% | |
| 10 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 1 | 2.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 7 | 18.4% | |
| 2 | Manufacturing | 6 | 15.8% | |
| 3 | Accommodation and Food Services | 4 | 10.5% | |
| 4 | Arts, Entertainment, and Recreation | 3 | 7.9% | |
| 5 | Other Services (except Public Administration) | 3 | 7.9% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 3 | 7.9% | |
| 7 | Wholesale Trade | 2 | 5.3% | |
| 8 | Agriculture, Forestry, Fishing and Hunting | 2 | 5.3% |
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* | 6 | $2.6M | $49K | 0 | — | 6 | 50 |
| FY2025 | 14 | $3.7M | $43K | 1 | — | 15 | 93 |
| FY2024 | 5 | $3.2M | $478K | 1 | — | 6 | 92 |
| FY2023 | 6 | $1.2M | $95K | 0 | — | 6 | 61 |
| FY2022 | 4 | $1.5M | $281K | 3 | $2.6M | 7 | 32 |
| FY2021 | 2 | — | — | 2 | — | 4 | 27 |
| FY2020 | 3 | $1.1M | $260K | 2 | — | 5 | 25 |
| FY2019 | 4 | $814K | $129K | 1 | — | 5 | 26 |
| FY2018 | 3 | $571K | $100K | 0 | — | 3 | 25 |
| FY2017 | 8 | $539K | $49K | 1 | — | 9 | 48 |
| FY2016 | 13 | $6.3M | $149K | 2 | — | 15 | 179 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 37 approvals.
Against Utah and the country
| FY2021–FY2025 | Sanpete County | Utah | United States |
|---|---|---|---|
| Approvals | 38 | 6,449 | 342,825 |
| Approvals per 1,000 establishments | 71.2 | 67.5 | 41.0 |
| Median 7(a) approval | $100K | $200K | $190K |
| Median 504 approval | $235K | $689K | $657K |
| Average approval | $403K | $628K | $573K |
| 504 share of approvals | 18.4% | 21.6% | 11.0% |
| Jobs supported per approval, as reported | 8.0 | 11.9 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less31.6%12
- $50,001 to $150,00018.4%7
- $150,001 to $350,00018.4%7
- $350,001 to $1 million15.8%6
- $1 million to $2 million13.2%5
- Over $2 million2.6%1
Age of the businesses
- Existing, more than 2 years old60.5%23
- New business, 2 years or less15.8%6
- Startup, loan funds will open the business18.4%7
- Change of ownership5.3%2
Questions and answers
Which lenders make the most SBA loans in Sanpete County?
By approvals in FY2021 to FY2025: Zions Bank, A Division of (10), Mountain America FCU (8), Mountain West Small Business Finance (6), State Bank of Southern Utah (4), Central Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Sanpete County?
The median 7(a) approval was $100K and the median 504 approval $235K; the Utah 7(a) median was $200K.
Which industries get the most SBA loans in Sanpete County?
Other Amusement and Recreation Industries (3); Services to Buildings and Dwellings (3); Household and Institutional Furniture and Kitchen Cabinet Manufacturing (3); Restaurants and Other Eating Places (3); Other Motor Vehicle Dealers (2).
Is SBA lending in Sanpete County rising?
Approvals in the three latest complete fiscal years total 27, against 16 in the three before: rising (+69%).
How does Sanpete County compare with the rest of Utah?
71.2 approvals per 1,000 establishments against 67.5 statewide, and 38 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