Lenders › America First Federal Credit Union
7(a) lenderRiverdale, Utahcredit union58th of 2,184 by approvals
America First Federal Credit Union
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
America First Federal Credit Union, based in Riverdale, Utah, is a credit union in the SBA 7(a) program. SBA approved 649 of its 7(a) loans worth $632M in FY2021 to FY2025, which places it 58th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 106 approvals totalling $116M, about level with FY2024 (114). FY2026 to 30 Jun 2026 adds 75 more.
The median approval was $563K, against $190K for the 7(a) program as a whole; 9.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 29 states and territories and 127 counties, led by Utah (35.9%), Arizona (21.7%) and Nevada (20.5%). The largest industry group was accommodation and food services at 19.4% of approvals, and 22.5% of approvals were to franchise businesses.
Of 1,074 disbursed loans approved in FY2010 to FY2021, SBA records 21 as charged off (2.0%), 844 as paid in full and 209 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 75 | $95.0M | $869K | $1.3M | 828 |
| FY2025 | 106 | $116M | $788K | $1.1M | 1,316 |
| FY2024 | 114 | $107M | $592K | $943K | 1,605 |
| FY2023 | 88 | $109M | $666K | $1.2M | 1,381 |
| FY2022 | 132 | $118M | $504K | $891K | 1,986 |
| FY2021 | 209 | $182M | $507K | $873K | 4,102 |
| FY2020 | 121 | $98.6M | $490K | $815K | 2,061 |
| FY2019 | 102 | $76.3M | $366K | $748K | 2,608 |
| FY2018 | 81 | $75.5M | $489K | $932K | 2,363 |
| FY2017 | 92 | $81.1M | $478K | $881K | 1,930 |
| FY2016 | 88 | $54.4M | $369K | $618K | 1,608 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 484 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Utah | 7(a) program |
|---|---|---|---|
| Approvals in these years | 1,232 | 12,601 | 639,905 |
| Cancelled or never disbursed | 158 | 1,336 | 79,313 |
| Disbursed loans | 1,074 | 11,265 | 560,592 |
| Paid in full | 844 | 9,360 | 435,813 |
| Charged off | 21 | 583 | 36,891 |
| Still outstanding (status exempt from disclosure) | 209 | 1,322 | 87,888 |
| Charged off, share of disbursed loans | 2.0% | 5.2% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.9% | 2.1% | 2.5% |
| Dollars charged off | $7.1M | $83.3M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 179 | 90 | 1 | 0.6% | 2.8% |
| FY2020 | 96 | 54 | 2 | 2.1% | 4.0% |
| FY2019 | 93 | 65 | 2 | 2.2% | 6.7% |
| FY2018 | 72 | 53 | 0 | 0.0% | 7.9% |
| FY2017 | 86 | 69 | 1 | 1.2% | 7.7% |
| FY2016 | 80 | 73 | 0 | 0.0% | 7.2% |
| FY2015 | 81 | 73 | 3 | 3.7% | 6.9% |
| FY2014 | 71 | 68 | 1 | 1.4% | 6.4% |
| FY2013 | 104 | 94 | 5 | 4.8% | 6.0% |
| FY2012 | 69 | 68 | 0 | 0.0% | 6.3% |
| FY2011 | 77 | 75 | 2 | 2.6% | 6.9% |
| FY2010 | 66 | 62 | 4 | 6.1% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $563K | $190K |
| Average approval | $975K | $518K |
| Approvals of $150,000 or less | 9.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 45.0% | 34.3% |
| Approvals to franchise businesses | 22.5% | 11.5% |
| Jobs supported per approval, as reported | 16.0 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.0% | 6.6% |
States served
| # | State of the business (29 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Utah | 233 | $205M | 35.9% | |
| 2 | Arizona | 141 | $174M | 21.7% | |
| 3 | Nevada | 133 | $118M | 20.5% | |
| 4 | Idaho | 36 | $38.7M | 5.5% | |
| 5 | California | 29 | $28.2M | 4.5% | |
| 6 | Texas | 12 | $17.9M | 1.8% | |
| 7 | Florida | 8 | $3.3M | 1.2% | |
| 8 | Colorado | 6 | $6.4M | 0.9% | |
| 9 | Georgia | 5 | $4.3M | 0.8% | |
| 10 | North Carolina | 5 | $4.3M | 0.8% | |
| 11 | Washington | 5 | $2.7M | 0.8% | |
| 12 | Oregon | 3 | $6.2M | 0.5% |
In Utah the lender accounts for 4.6% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (127 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Clark County, NV | 120 | $111M | 18.5% | |
| 2 | Salt Lake County, UT | 102 | $93.4M | 15.7% | |
| 3 | Maricopa County, AZ | 82 | $109M | 12.6% | |
| 4 | Weber County, UT | 38 | $24.1M | 5.9% | |
| 5 | Pima County, AZ | 29 | $30.2M | 4.5% | |
| 6 | Davis County, UT | 24 | $16.9M | 3.7% | |
| 7 | Utah County, UT | 24 | $14.6M | 3.7% | |
| 8 | Washington County, UT | 17 | $17.4M | 2.6% | |
| 9 | Ada County, ID | 9 | $9.3M | 1.4% | |
| 10 | Mohave County, AZ | 8 | $12.6M | 1.2% | |
| 11 | Coconino County, AZ | 7 | $9.8M | 1.1% | |
| 12 | Uintah County, UT | 7 | $6.3M | 1.1% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 126 | 19.4% | |
| 2 | Health Care and Social Assistance | 108 | 16.6% | |
| 3 | Retail Trade | 83 | 12.8% | |
| 4 | Manufacturing | 72 | 11.1% | |
| 5 | Other Services (except Public Administration) | 68 | 10.5% | |
| 6 | Construction | 41 | 6.3% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 26 | 4.0% | |
| 8 | Transportation and Warehousing | 26 | 4.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 89 | 13.7% | |
| 2 | Bakeries and Tortilla ManufacturingNAICS 3118 | 40 | 6.2% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 34 | 5.2% | |
| 4 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 30 | 4.6% | |
| 5 | Child Day Care ServicesNAICS 6244 | 28 | 4.3% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 20 | 3.1% | |
| 7 | Gasoline StationsNAICS 4571 | 18 | 2.8% | |
| 8 | Personal Care ServicesNAICS 8121 | 17 | 2.6% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 16 | 2.5% | |
| 10 | Traveler AccommodationNAICS 7211 | 14 | 2.2% |
Approval sizes
- $50,000 or less3.1%20
- $50,001 to $150,0006.8%44
- $150,001 to $350,00018.8%122
- $350,001 to $1 million41.8%271
- $1 million to $2 million16.5%107
- Over $2 million13.1%85
Loan terms
- 5 years or less0.5%3
- Over 5 to 10 years30.7%199
- Over 10 to 20 years17.3%112
- Over 20 years51.6%335
Age of the businesses
- Existing, more than 2 years old41.8%271
- New business, 2 years or less17.7%115
- Startup, loan funds will open the business27.3%177
- Change of ownership13.3%86
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 621 | 95.7% | |
| 2 | SBA Express Program | 14 | 2.2% | |
| 3 | 7a General | 12 | 1.8% | |
| 4 | Contract CAPLine | 1 | 0.2% | |
| 5 | Working Capital CAPLine | 1 | 0.2% |
Franchise share
146 of 649 approvals in FY2021–FY2025 (22.5%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Nothing Bundt Cakes | 36 | 5.5% | |
| 2 | Primrose Schools | 14 | 2.2% | |
| 3 | Bruster's Real Ice Cream | 8 | 1.2% | |
| 4 | Tire Pros | 5 | 0.8% | |
| 5 | The UPS Store | 5 | 0.8% | |
| 6 | Bee Hive Homes | 4 | 0.6% | |
| 7 | KellerStrass Enterprises | 3 | 0.5% | |
| 8 | Scooter's Coffee | 3 | 0.5% |
Questions and answers
How many SBA loans does America First Federal Credit Union make?
SBA approved 106 7(a) loans through America First Federal Credit Union in FY2025, worth $116M, and 649 over FY2021 to FY2025. That ranks 58th of 2,184 active 7(a) lenders by number of approvals.
How large are America First Federal Credit Union's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $563K and the average $975K. The program-wide median was $190K.
What is America First Federal Credit Union's charge-off rate?
Of 1,074 disbursed loans approved in FY2010 to FY2021, SBA records 21 as charged off (2.0%), 844 as paid in full and 209 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does America First Federal Credit Union lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (89); bakeries and tortilla manufacturing (40); automotive repair and maintenance (34); continuing care retirement communities and assisted living facilities for the elderly (30).
Where does America First Federal Credit Union make SBA loans?
In 29 states and territories. Utah 233, Arizona 141, Nevada 133, Idaho 36, California 29. In Utah it accounts for 4.6% of all 7(a) approvals.
Is America First Federal Credit Union's SBA lending rising?
Approvals in the three latest complete fiscal years total 308, against 462 in the three before: falling (-33%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error