County2nd of 29 in Utah by approvalsFIPS 49049
SBA loans in Utah 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 1,379 loans to businesses in Utah County, Utah, in FY2021 to FY2025, worth $855M: 1,079 under 7(a) and 300 under 504.
That is 78.5 approvals per 1,000 business establishments (17,568 establishments in 2023), above the Utah figure of 67.5 and above the national 41.0.
It ranks 2nd of 29 Utah counties with approvals. In FY2025 there were 345, up 24% on FY2024.
91 lenders had approvals here; the most active were Central Bank (263), Mountain West Small Business Finance (231) and Zions Bank, A Division of (118). 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 Utah County
By number of approvals to businesses in the county, FY2021–FY2025; 91 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Central BankProvo, UT | 263 | $106M | 19.1% | |
| 2 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 231 | $222M | 16.8% | |
| 3 | Zions Bank, A Division ofSalt Lake City, UT | 118 | $32.4M | 8.6% | |
| 4 | Mountain America FCUSandy, UT | 90 | $33.3M | 6.5% | |
| 5 | Community Banks of Colorado, A Division of NBH BankGreenwood Village, CO | 65 | $65.4M | 4.7% | |
| 6 | U.S. Bank, National AssociationCincinnati, OH | 56 | $16.0M | 4.1% | |
| 7 | Intermountain Business Lending, Inc.Ogden, UT · CDC | 41 | $42.4M | 3.0% | |
| 8 | Wells Fargo Bank National AssociationSioux Falls, SD | 36 | $8.5M | 2.6% | |
| 9 | The Huntington National BankColumbus, OH | 35 | $15.1M | 2.5% | |
| 10 | Capital Community BankProvo, UT | 28 | $11.3M | 2.0% | |
| 11 | Northeast BankLewiston, ME | 28 | $5.4M | 2.0% | |
| 12 | Newtek Bank, National AssociationMiami, FL | 27 | $20.3M | 2.0% | |
| 13 | BayFirst National BankSaint Petersburg, FL | 25 | $3.6M | 1.8% | |
| 14 | America First Federal Credit UnionRiverdale, UT | 24 | $14.6M | 1.7% | |
| 15 | B:Side CapitalDenver, CO · CDC | 22 | $26.3M | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 89 | 6.5% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 51 | 3.7% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 43 | 3.1% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 39 | 2.8% | |
| 5 | Personal Care ServicesNAICS 8121 | 39 | 2.8% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 36 | 2.6% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 36 | 2.6% | |
| 8 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 34 | 2.5% | |
| 9 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 31 | 2.2% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 27 | 2.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 188 | 13.6% | |
| 2 | Construction | 162 | 11.7% | |
| 3 | Professional, Scientific, and Technical Services | 158 | 11.5% | |
| 4 | Health Care and Social Assistance | 142 | 10.3% | |
| 5 | Manufacturing | 128 | 9.3% | |
| 6 | Other Services (except Public Administration) | 120 | 8.7% | |
| 7 | Accommodation and Food Services | 107 | 7.8% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 73 | 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* | 175 | $79.1M | $211K | 42 | $38.9M | 217 | 2,266 |
| FY2025 | 294 | $135M | $250K | 51 | $55.6M | 345 | 3,342 |
| FY2024 | 241 | $127M | $200K | 37 | $37.0M | 278 | 3,338 |
| FY2023 | 191 | $95.4M | $220K | 45 | $41.0M | 236 | 3,153 |
| FY2022 | 176 | $79.8M | $203K | 97 | $106M | 273 | 3,862 |
| FY2021 | 177 | $118M | $325K | 70 | $60.2M | 247 | 3,115 |
| FY2020 | 191 | $110M | $250K | 74 | $46.5M | 265 | 3,681 |
| FY2019 | 184 | $84.6M | $196K | 49 | $33.9M | 233 | 2,794 |
| FY2018 | 199 | $80.4M | $142K | 51 | $38.3M | 250 | 2,963 |
| FY2017 | 231 | $100M | $150K | 46 | $39.4M | 277 | 3,780 |
| FY2016 | 215 | $88.7M | $147K | 49 | $28.2M | 264 | 3,052 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 1,289 approvals.
Against Utah and the country
| FY2021–FY2025 | Utah County | Utah | United States |
|---|---|---|---|
| Approvals | 1,379 | 6,449 | 342,825 |
| Approvals per 1,000 establishments | 78.5 | 67.5 | 41.0 |
| Median 7(a) approval | $237K | $200K | $190K |
| Median 504 approval | $731K | $689K | $657K |
| Average approval | $620K | $628K | $573K |
| 504 share of approvals | 21.8% | 21.6% | 11.0% |
| Jobs supported per approval, as reported | 12.2 | 11.9 | 10.5 |
| Share of state approvals | 21.4% | 100.0% | — |
Approval sizes
- $50,000 or less14.9%206
- $50,001 to $150,00019.3%266
- $150,001 to $350,00021.1%291
- $350,001 to $1 million27.1%374
- $1 million to $2 million10.4%144
- Over $2 million7.1%98
Age of the businesses
- Existing, more than 2 years old59.5%821
- New business, 2 years or less18.7%258
- Startup, loan funds will open the business14.2%196
- Change of ownership7.5%104
Questions and answers
Which lenders make the most SBA loans in Utah County?
By approvals in FY2021 to FY2025: Central Bank (263), Mountain West Small Business Finance (231), Zions Bank, A Division of (118), Mountain America FCU (90), Community Banks of Colorado, A Division of NBH Bank (65). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Utah County?
The median 7(a) approval was $237K and the median 504 approval $731K; the Utah 7(a) median was $200K.
Which industries get the most SBA loans in Utah County?
Restaurants and Other Eating Places (89); Offices of Other Health Practitioners (51); Services to Buildings and Dwellings (43); Other Specialty Trade Contractors (39); Personal Care Services (39).
Is SBA lending in Utah County rising?
Approvals in the three latest complete fiscal years total 859, against 785 in the three before: broadly level (+9%).
How does Utah County compare with the rest of Utah?
78.5 approvals per 1,000 establishments against 67.5 statewide, and 1,379 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