States › Utah › Wasatch County
County12th of 29 in Utah by approvalsFIPS 49051
SBA loans in Wasatch 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 Wasatch County, Utah, received 73 SBA loan approvals worth $43.1M in FY2021 to FY2025 (56 7(a), 17 504).
That is 54.3 approvals per 1,000 business establishments (1,345 establishments in 2023), below the Utah figure of 67.5 and above the national 41.0.
It ranks 12th of 29 Utah counties with approvals. In FY2025 there were 18, up 80% on FY2024.
27 lenders had approvals here; the most active were Zions Bank, A Division of (13), Mountain West Small Business Finance (12) and Mountain America FCU (12). 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 Wasatch County
By number of approvals to businesses in the county, FY2021–FY2025; 27 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Zions Bank, A Division ofSalt Lake City, UT | 13 | $1.9M | 17.8% | |
| 2 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 12 | $12.1M | 16.4% | |
| 3 | Mountain America FCUSandy, UT | 12 | $4.0M | 16.4% | |
| 4 | Intermountain Business Lending, Inc.Ogden, UT · CDC | 5 | $5.5M | 6.8% | |
| 5 | Citizens BankElizabethton, TN | 3 | $1.4M | 4.1% | |
| 6 | Northeast BankLewiston, ME | 3 | $545K | 4.1% | |
| 7 | America First Federal Credit UnionRiverdale, UT | 2 | — | 2.7% | |
| 8 | 22nd State Bank, A Division of 22nd State Banking CompanyMobile, AL | 2 | — | 2.7% | |
| 9 | The Huntington National BankColumbus, OH | 2 | — | 2.7% | |
| 10 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 2.7% | |
| 11 | Continental BankSalt Lake City, UT | 1 | — | 1.4% | |
| 12 | T Bank, National AssociationDallas, TX | 1 | — | 1.4% | |
| 13 | Capital Community BankProvo, UT | 1 | — | 1.4% | |
| 14 | Bank Five NineOconomowoc, WI | 1 | — | 1.4% | |
| 15 | U.S. Bank, National AssociationCincinnati, OH | 1 | — | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Amusement and Recreation IndustriesNAICS 7139 | 5 | 6.8% | |
| 2 | Other Personal ServicesNAICS 8129 | 5 | 6.8% | |
| 3 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 4 | 5.5% | |
| 4 | Residential Building ConstructionNAICS 2361 | 4 | 5.5% | |
| 5 | Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse FacilitiesNAICS 6232 | 3 | 4.1% | |
| 6 | Restaurants and Other Eating PlacesNAICS 7225 | 3 | 4.1% | |
| 7 | Personal Care ServicesNAICS 8121 | 3 | 4.1% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 3 | 4.1% | |
| 9 | Traveler AccommodationNAICS 7211 | 2 | 2.7% | |
| 10 | Architectural and Structural Metals ManufacturingNAICS 3323 | 2 | 2.7% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 11 | 15.1% | |
| 2 | Accommodation and Food Services | 9 | 12.3% | |
| 3 | Other Services (except Public Administration) | 9 | 12.3% | |
| 4 | Arts, Entertainment, and Recreation | 8 | 11.0% | |
| 5 | Wholesale Trade | 6 | 8.2% | |
| 6 | Retail Trade | 6 | 8.2% | |
| 7 | Health Care and Social Assistance | 5 | 6.8% | |
| 8 | Professional, Scientific, and Technical Services | 5 | 6.8% |
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* | 15 | $11.9M | $300K | 3 | $3.2M | 18 | 194 |
| FY2025 | 14 | $4.6M | $187K | 4 | $2.2M | 18 | 68 |
| FY2024 | 9 | $2.8M | $100K | 1 | — | 10 | 90 |
| FY2023 | 16 | $6.1M | $89K | 3 | $2.6M | 19 | 308 |
| FY2022 | 4 | $670K | $175K | 5 | $8.2M | 9 | 104 |
| FY2021 | 13 | $11.4M | $277K | 4 | $4.0M | 17 | 244 |
| FY2020 | 7 | $1.0M | $135K | 5 | $2.8M | 12 | 85 |
| FY2019 | 9 | $1.9M | $108K | 7 | $5.7M | 16 | 109 |
| FY2018 | 23 | $10.4M | $125K | 5 | $3.8M | 28 | 287 |
| FY2017 | 17 | $13.4M | $114K | 2 | — | 19 | 125 |
| FY2016 | 19 | $7.6M | $100K | 3 | $1.1M | 22 | 116 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 97 approvals.
Against Utah and the country
| FY2021–FY2025 | Wasatch County | Utah | United States |
|---|---|---|---|
| Approvals | 73 | 6,449 | 342,825 |
| Approvals per 1,000 establishments | 54.3 | 67.5 | 41.0 |
| Median 7(a) approval | $164K | $200K | $190K |
| Median 504 approval | $468K | $689K | $657K |
| Average approval | $591K | $628K | $573K |
| 504 share of approvals | 23.3% | 21.6% | 11.0% |
| Jobs supported per approval, as reported | 11.2 | 11.9 | 10.5 |
| Share of state approvals | 1.1% | 100.0% | — |
Approval sizes
- $50,000 or less15.1%11
- $50,001 to $150,00023.3%17
- $150,001 to $350,00023.3%17
- $350,001 to $1 million20.5%15
- $1 million to $2 million9.6%7
- Over $2 million8.2%6
Age of the businesses
- Existing, more than 2 years old65.8%48
- New business, 2 years or less9.6%7
- Startup, loan funds will open the business19.2%14
- Change of ownership5.5%4
Questions and answers
Which lenders make the most SBA loans in Wasatch County?
By approvals in FY2021 to FY2025: Zions Bank, A Division of (13), Mountain West Small Business Finance (12), Mountain America FCU (12), Intermountain Business Lending, Inc. (5), Citizens Bank (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Wasatch County?
The median 7(a) approval was $164K and the median 504 approval $468K; the Utah 7(a) median was $200K.
Which industries get the most SBA loans in Wasatch County?
Other Amusement and Recreation Industries (5); Other Personal Services (5); Miscellaneous Durable Goods Merchant Wholesalers (4); Residential Building Construction (4); Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities (3).
Is SBA lending in Wasatch County rising?
Approvals in the three latest complete fiscal years total 47, against 38 in the three before: rising (+24%).
How does Wasatch County compare with the rest of Utah?
54.3 approvals per 1,000 establishments against 67.5 statewide, and 73 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