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County4th of 29 in Utah by approvalsFIPS 49053
SBA loans in Washington 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 549 loans to businesses in Washington County, Utah, in FY2021 to FY2025, worth $333M: 411 under 7(a) and 138 under 504.
That is 76.3 approvals per 1,000 business establishments (7,191 establishments in 2023), close to the Utah figure of 67.5 and above the national 41.0.
It ranks 4th of 29 Utah counties with approvals. In FY2025 there were 144, up 30% on FY2024.
53 lenders had approvals here; the most active were Mountain West Small Business Finance (103), Mountain America FCU (71) and Zions Bank, A Division of (64). 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 Washington County
By number of approvals to businesses in the county, FY2021–FY2025; 53 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 103 | $105M | 18.8% | |
| 2 | Mountain America FCUSandy, UT | 71 | $24.6M | 12.9% | |
| 3 | Zions Bank, A Division ofSalt Lake City, UT | 64 | $14.0M | 11.7% | |
| 4 | State Bank of Southern UtahCedar City, UT | 63 | $15.4M | 11.5% | |
| 5 | Cache Valley BankLogan, UT | 34 | $11.7M | 6.2% | |
| 6 | Intermountain Business Lending, Inc.Ogden, UT · CDC | 27 | $36.3M | 4.9% | |
| 7 | The Huntington National BankColumbus, OH | 19 | $5.2M | 3.5% | |
| 8 | America First Federal Credit UnionRiverdale, UT | 17 | $17.4M | 3.1% | |
| 9 | Community Banks of Colorado, A Division of NBH BankGreenwood Village, CO | 15 | $10.9M | 2.7% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 13 | $13.3M | 2.4% | |
| 11 | Capital Community BankProvo, UT | 12 | $8.4M | 2.2% | |
| 12 | Wells Fargo Bank National AssociationSioux Falls, SD | 12 | $836K | 2.2% | |
| 13 | U.S. Bank, National AssociationCincinnati, OH | 10 | $2.2M | 1.8% | |
| 14 | Evolve Bank and TrustWest Memphis, AR | 5 | $10.0M | 0.9% | |
| 15 | BayFirst National BankSaint Petersburg, FL | 5 | $717K | 0.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 44 | 8.0% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 33 | 6.0% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 32 | 5.8% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 31 | 5.6% | |
| 5 | Personal Care ServicesNAICS 8121 | 18 | 3.3% | |
| 6 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 17 | 3.1% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 15 | 2.7% | |
| 8 | Residential Building ConstructionNAICS 2361 | 15 | 2.7% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 15 | 2.7% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 12 | 2.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 109 | 19.9% | |
| 2 | Accommodation and Food Services | 63 | 11.5% | |
| 3 | Retail Trade | 59 | 10.7% | |
| 4 | Health Care and Social Assistance | 54 | 9.8% | |
| 5 | Manufacturing | 49 | 8.9% | |
| 6 | Other Services (except Public Administration) | 40 | 7.3% | |
| 7 | Professional, Scientific, and Technical Services | 33 | 6.0% | |
| 8 | Real Estate and Rental and Leasing | 30 | 5.5% |
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* | 61 | $30.2M | $154K | 16 | $20.8M | 77 | 848 |
| FY2025 | 121 | $43.8M | $150K | 23 | $35.0M | 144 | 1,429 |
| FY2024 | 89 | $25.7M | $100K | 22 | $19.7M | 111 | 896 |
| FY2023 | 64 | $37.6M | $223K | 24 | $30.5M | 88 | 879 |
| FY2022 | 65 | $44.8M | $300K | 35 | $29.8M | 100 | 928 |
| FY2021 | 72 | $35.4M | $183K | 34 | $30.9M | 106 | 1,075 |
| FY2020 | 65 | $27.4M | $179K | 27 | $13.5M | 92 | 586 |
| FY2019 | 40 | $8.1M | $75K | 15 | $12.5M | 55 | 426 |
| FY2018 | 52 | $26.0M | $104K | 20 | $15.1M | 72 | 893 |
| FY2017 | 80 | $33.3M | $100K | 9 | $2.9M | 89 | 986 |
| FY2016 | 59 | $14.8M | $100K | 16 | $10.8M | 75 | 719 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 383 approvals.
Against Utah and the country
| FY2021–FY2025 | Washington County | Utah | United States |
|---|---|---|---|
| Approvals | 549 | 6,449 | 342,825 |
| Approvals per 1,000 establishments | 76.3 | 67.5 | 41.0 |
| Median 7(a) approval | $175K | $200K | $190K |
| Median 504 approval | $691K | $689K | $657K |
| Average approval | $607K | $628K | $573K |
| 504 share of approvals | 25.1% | 21.6% | 11.0% |
| Jobs supported per approval, as reported | 9.5 | 11.9 | 10.5 |
| Share of state approvals | 8.5% | 100.0% | — |
Approval sizes
- $50,000 or less18.8%103
- $50,001 to $150,00017.7%97
- $150,001 to $350,00020.6%113
- $350,001 to $1 million24.4%134
- $1 million to $2 million11.5%63
- Over $2 million7.1%39
Age of the businesses
- Existing, more than 2 years old57.2%314
- New business, 2 years or less16.8%92
- Startup, loan funds will open the business17.9%98
- Change of ownership8.2%45
Questions and answers
Which lenders make the most SBA loans in Washington County?
By approvals in FY2021 to FY2025: Mountain West Small Business Finance (103), Mountain America FCU (71), Zions Bank, A Division of (64), State Bank of Southern Utah (63), Cache Valley Bank (34). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Washington County?
The median 7(a) approval was $175K and the median 504 approval $691K; the Utah 7(a) median was $200K.
Which industries get the most SBA loans in Washington County?
Restaurants and Other Eating Places (44); Other Specialty Trade Contractors (33); Offices of Other Health Practitioners (32); Building Equipment Contractors (31); Personal Care Services (18).
Is SBA lending in Washington County rising?
Approvals in the three latest complete fiscal years total 343, against 298 in the three before: rising (+15%).
How does Washington County compare with the rest of Utah?
76.3 approvals per 1,000 establishments against 67.5 statewide, and 549 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