County9th of 29 in Utah by approvalsFIPS 49045
SBA loans in Tooele 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 98 loans to businesses in Tooele County, Utah, in FY2021 to FY2025, worth $52.9M: 85 under 7(a) and 13 under 504.
That is 82.6 approvals per 1,000 business establishments (1,187 establishments in 2023), above the Utah figure of 67.5 and above the national 41.0.
It ranks 9th of 29 Utah counties with approvals. In FY2025 there were 24, up 20% on FY2024.
29 lenders had approvals here; the most active were Mountain America FCU (27), Mountain West Small Business Finance (10) and Zions Bank, A Division of (7). 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 Tooele County
By number of approvals to businesses in the county, FY2021–FY2025; 29 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Mountain America FCUSandy, UT | 27 | $5.5M | 27.6% | |
| 2 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 10 | $10.9M | 10.2% | |
| 3 | Zions Bank, A Division ofSalt Lake City, UT | 7 | $919K | 7.1% | |
| 4 | Northwest BankBoise, ID | 5 | $1.9M | 5.1% | |
| 5 | Cache Valley BankLogan, UT | 5 | $1.6M | 5.1% | |
| 6 | U.S. Bank, National AssociationCincinnati, OH | 4 | $2.3M | 4.1% | |
| 7 | America First Federal Credit UnionRiverdale, UT | 3 | $1.3M | 3.1% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $821K | 3.1% | |
| 9 | KeyBank National AssociationCleveland, OH | 3 | $293K | 3.1% | |
| 10 | Cyprus Federal Credit UnionWest Jordan, UT | 3 | $106K | 3.1% | |
| 11 | GBC International BankLos Angeles, CA | 2 | — | 2.0% | |
| 12 | Live Oak Banking CompanyWilmington, NC | 2 | — | 2.0% | |
| 13 | First Utah BankSalt Lake City, UT | 2 | — | 2.0% | |
| 14 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 2.0% | |
| 15 | Intermountain Business Lending, Inc.Ogden, UT · CDC | 2 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 11 | 11.2% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 8 | 8.2% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 6 | 6.1% | |
| 4 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 6.1% | |
| 5 | Other Personal ServicesNAICS 8129 | 5 | 5.1% | |
| 6 | Offices of DentistsNAICS 6212 | 4 | 4.1% | |
| 7 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 4 | 4.1% | |
| 8 | Miscellaneous Nondurable Goods Merchant WholesalersNAICS 4249 | 3 | 3.1% | |
| 9 | Child Day Care ServicesNAICS 6244 | 3 | 3.1% | |
| 10 | Commercial and Industrial Machinery and Equipment Rental and LeasingNAICS 5324 | 3 | 3.1% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 23 | 23.5% | |
| 2 | Transportation and Warehousing | 12 | 12.2% | |
| 3 | Manufacturing | 11 | 11.2% | |
| 4 | Other Services (except Public Administration) | 11 | 11.2% | |
| 5 | Wholesale Trade | 8 | 8.2% | |
| 6 | Construction | 8 | 8.2% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 7 | 7.1% | |
| 8 | Accommodation and Food Services | 7 | 7.1% |
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* | 18 | $5.0M | $263K | 1 | — | 19 | 188 |
| FY2025 | 21 | $9.5M | $150K | 3 | $3.9M | 24 | 224 |
| FY2024 | 20 | $11.9M | $149K | 0 | — | 20 | 197 |
| FY2023 | 22 | $6.4M | $125K | 5 | $6.0M | 27 | 190 |
| FY2022 | 15 | $4.1M | $85K | 5 | $3.4M | 20 | 174 |
| FY2021 | 7 | $7.8M | $350K | 0 | — | 7 | 63 |
| FY2020 | 12 | $7.1M | $322K | 1 | — | 13 | 179 |
| FY2019 | 17 | $7.2M | $188K | 1 | — | 18 | 245 |
| FY2018 | 20 | $8.3M | $269K | 0 | — | 20 | 323 |
| FY2017 | 15 | $1.5M | $50K | 1 | — | 16 | 151 |
| FY2016 | 12 | $4.2M | $197K | 3 | $1.4M | 15 | 101 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 82 approvals.
Against Utah and the country
| FY2021–FY2025 | Tooele County | Utah | United States |
|---|---|---|---|
| Approvals | 98 | 6,449 | 342,825 |
| Approvals per 1,000 establishments | 82.6 | 67.5 | 41.0 |
| Median 7(a) approval | $150K | $200K | $190K |
| Median 504 approval | $769K | $689K | $657K |
| Average approval | $540K | $628K | $573K |
| 504 share of approvals | 13.3% | 21.6% | 11.0% |
| Jobs supported per approval, as reported | 8.7 | 11.9 | 10.5 |
| Share of state approvals | 1.5% | 100.0% | — |
Approval sizes
- $50,000 or less26.5%26
- $50,001 to $150,00020.4%20
- $150,001 to $350,00015.3%15
- $350,001 to $1 million25.5%25
- $1 million to $2 million5.1%5
- Over $2 million7.1%7
Age of the businesses
- Existing, more than 2 years old60.2%59
- New business, 2 years or less15.3%15
- Startup, loan funds will open the business11.2%11
- Change of ownership13.3%13
Questions and answers
Which lenders make the most SBA loans in Tooele County?
By approvals in FY2021 to FY2025: Mountain America FCU (27), Mountain West Small Business Finance (10), Zions Bank, A Division of (7), Northwest Bank (5), Cache Valley Bank (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Tooele County?
The median 7(a) approval was $150K and the median 504 approval $769K; the Utah 7(a) median was $200K.
Which industries get the most SBA loans in Tooele County?
General Freight Trucking (11); Offices of Other Health Practitioners (8); Services to Buildings and Dwellings (6); Restaurants and Other Eating Places (6); Other Personal Services (5).
Is SBA lending in Tooele County rising?
Approvals in the three latest complete fiscal years total 71, against 40 in the three before: rising (+78%).
How does Tooele County compare with the rest of Utah?
82.6 approvals per 1,000 establishments against 67.5 statewide, and 98 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