County8th of 29 in Utah by approvalsFIPS 49043
SBA loans in Summit 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 Summit County, Utah, received 112 SBA loan approvals worth $81.5M in FY2021 to FY2025 (84 7(a), 28 504).
That is 39.9 approvals per 1,000 business establishments (2,810 establishments in 2023), below the Utah figure of 67.5 and close to the national 41.0.
It ranks 8th of 29 Utah counties with approvals. In FY2025 there were 33, up 43% on FY2024.
28 lenders had approvals here; the most active were Mountain West Small Business Finance (22), Zions Bank, A Division of (19) and Mountain America FCU (14). The most common industry was residential building construction.
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 Summit County
By number of approvals to businesses in the county, FY2021–FY2025; 28 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 22 | $20.3M | 19.6% | |
| 2 | Zions Bank, A Division ofSalt Lake City, UT | 19 | $6.1M | 17.0% | |
| 3 | Mountain America FCUSandy, UT | 14 | $5.1M | 12.5% | |
| 4 | Intermountain Business Lending, Inc.Ogden, UT · CDC | 6 | $5.4M | 5.4% | |
| 5 | Wells Fargo Bank National AssociationSioux Falls, SD | 6 | $4.7M | 5.4% | |
| 6 | U.S. Bank, National AssociationCincinnati, OH | 5 | $1.2M | 4.5% | |
| 7 | Celtic Bank CorporationSalt Lake City, UT | 4 | $2.5M | 3.6% | |
| 8 | KeyBank National AssociationCleveland, OH | 4 | $1.6M | 3.6% | |
| 9 | Citizens BankElizabethton, TN | 3 | $4.2M | 2.7% | |
| 10 | JPMorgan Chase Bank, National AssociationColumbus, OH | 3 | $538K | 2.7% | |
| 11 | America First Federal Credit UnionRiverdale, UT | 2 | — | 1.8% | |
| 12 | Northwest BankBoise, ID | 2 | — | 1.8% | |
| 13 | Northwest BankWarren, PA | 2 | — | 1.8% | |
| 14 | Central BankProvo, UT | 2 | — | 1.8% | |
| 15 | Readycap Lending, LLCBerkeley Heights, NJ | 2 | — | 1.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 9 | 8.0% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 6.3% | |
| 3 | Other Personal ServicesNAICS 8129 | 7 | 6.3% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 7 | 6.3% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 4 | 3.6% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 3.6% | |
| 7 | Elementary and Secondary SchoolsNAICS 6111 | 4 | 3.6% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 4 | 3.6% | |
| 9 | Activities Related to Real EstateNAICS 5313 | 4 | 3.6% | |
| 10 | Lessors of Real EstateNAICS 5311 | 3 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 22 | 19.6% | |
| 2 | Administrative and Support and Waste Management and Remediation Services | 13 | 11.6% | |
| 3 | Other Services (except Public Administration) | 12 | 10.7% | |
| 4 | Real Estate and Rental and Leasing | 9 | 8.0% | |
| 5 | Accommodation and Food Services | 8 | 7.1% | |
| 6 | Health Care and Social Assistance | 8 | 7.1% | |
| 7 | Retail Trade | 8 | 7.1% | |
| 8 | Arts, Entertainment, and Recreation | 6 | 5.4% |
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* | 14 | $3.5M | $93K | 5 | $7.4M | 19 | 247 |
| FY2025 | 26 | $13.3M | $125K | 7 | $6.1M | 33 | 138 |
| FY2024 | 19 | $9.2M | $200K | 4 | $5.7M | 23 | 183 |
| FY2023 | 17 | $7.6M | $221K | 3 | $1.7M | 20 | 173 |
| FY2022 | 6 | $6.7M | $262K | 6 | $4.4M | 12 | 106 |
| FY2021 | 16 | $18.9M | $542K | 8 | $7.7M | 24 | 295 |
| FY2020 | 15 | $5.3M | $311K | 8 | $7.6M | 23 | 387 |
| FY2019 | 15 | $8.2M | $414K | 11 | $7.0M | 26 | 202 |
| FY2018 | 35 | $12.2M | $200K | 7 | $2.5M | 42 | 454 |
| FY2017 | 27 | $10.0M | $136K | 1 | — | 28 | 224 |
| FY2016 | 37 | $8.8M | $75K | 0 | — | 37 | 392 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 156 approvals.
Against Utah and the country
| FY2021–FY2025 | Summit County | Utah | United States |
|---|---|---|---|
| Approvals | 112 | 6,449 | 342,825 |
| Approvals per 1,000 establishments | 39.9 | 67.5 | 41.0 |
| Median 7(a) approval | $225K | $200K | $190K |
| Median 504 approval | $714K | $689K | $657K |
| Average approval | $727K | $628K | $573K |
| 504 share of approvals | 25.0% | 21.6% | 11.0% |
| Jobs supported per approval, as reported | 8.0 | 11.9 | 10.5 |
| Share of state approvals | 1.7% | 100.0% | — |
Approval sizes
- $50,000 or less18.8%21
- $50,001 to $150,00014.3%16
- $150,001 to $350,00014.3%16
- $350,001 to $1 million30.4%34
- $1 million to $2 million12.5%14
- Over $2 million9.8%11
Age of the businesses
- Existing, more than 2 years old60.7%68
- New business, 2 years or less18.8%21
- Startup, loan funds will open the business18.8%21
- Change of ownership1.8%2
Questions and answers
Which lenders make the most SBA loans in Summit County?
By approvals in FY2021 to FY2025: Mountain West Small Business Finance (22), Zions Bank, A Division of (19), Mountain America FCU (14), Intermountain Business Lending, Inc. (6), Wells Fargo Bank National Association (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Summit County?
The median 7(a) approval was $225K and the median 504 approval $714K; the Utah 7(a) median was $200K.
Which industries get the most SBA loans in Summit County?
Residential Building Construction (9); Restaurants and Other Eating Places (7); Other Personal Services (7); Services to Buildings and Dwellings (7); Building Equipment Contractors (4).
Is SBA lending in Summit County rising?
Approvals in the three latest complete fiscal years total 76, against 59 in the three before: rising (+29%).
How does Summit County compare with the rest of Utah?
39.9 approvals per 1,000 establishments against 67.5 statewide, and 112 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