Lenders › Canyon View Federal Credit Union
7(a) lenderSalt Lake City, Utahcredit union380th of 2,184 by approvals
Canyon View 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.
In FY2021 to FY2025 SBA approved 78 7(a) loans, worth $17.2M, through Canyon View Federal Credit Union of Salt Lake City, Utah, a credit union in the SBA 7(a) program. By number of approvals that is 380th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 30 approvals totalling $4.9M, about level with FY2024 (28). FY2026 to 30 Jun 2026 adds 10 more.
The median approval was $100K, against $190K for the 7(a) program as a whole; 60.3% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 1 state or territory and 9 counties, led by Utah (100.0%). The largest industry group was retail trade at 15.4% of approvals, and 6.4% of approvals were to franchise businesses.
Of 254 disbursed loans approved in FY2010 to FY2021, SBA records 15 as charged off (5.9%), 208 as paid in full and 31 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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* | 10 | $3.9M | $113K | $390K | 119 |
| FY2025 | 30 | $4.9M | $100K | $165K | 208 |
| FY2024 | 28 | $5.6M | $100K | $198K | 206 |
| FY2023 | 6 | $1.0M | $166K | $174K | 59 |
| FY2022 | 4 | $2.3M | $350K | $582K | 54 |
| FY2021 | 10 | $3.3M | $110K | $332K | 121 |
| FY2020 | 17 | $1.3M | $50K | $77K | 203 |
| FY2019 | 22 | $2.9M | $100K | $131K | 146 |
| FY2018 | 32 | $3.4M | $75K | $107K | 258 |
| FY2017 | 23 | $2.0M | $50K | $89K | 129 |
| FY2016 | 22 | $4.8M | $94K | $220K | 151 |
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 116 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 | 280 | 12,601 | 639,905 |
| Cancelled or never disbursed | 26 | 1,336 | 79,313 |
| Disbursed loans | 254 | 11,265 | 560,592 |
| Paid in full | 208 | 9,360 | 435,813 |
| Charged off | 15 | 583 | 36,891 |
| Still outstanding (status exempt from disclosure) | 31 | 1,322 | 87,888 |
| Charged off, share of disbursed loans | 5.9% | 5.2% | 6.6% |
| Dollars charged off, share of disbursed dollars | 4.1% | 2.1% | 2.5% |
| Dollars charged off | $1.7M | $83.3M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 9 | 5 | 1 | — | 2.8% |
| FY2020 | 16 | 7 | 2 | — | 4.0% |
| FY2019 | 20 | 13 | 2 | — | 6.7% |
| FY2018 | 28 | 20 | 0 | — | 7.9% |
| FY2017 | 22 | 19 | 0 | — | 7.7% |
| FY2016 | 18 | 16 | 0 | — | 7.2% |
| FY2015 | 20 | 19 | 0 | — | 6.9% |
| FY2014 | 28 | 26 | 0 | — | 6.4% |
| FY2013 | 34 | 30 | 4 | 11.8% | 6.0% |
| FY2012 | 17 | 16 | 1 | — | 6.3% |
| FY2011 | 19 | 19 | 0 | — | 6.9% |
| FY2010 | 23 | 18 | 5 | — | 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 | $100K | $190K |
| Average approval | $220K | $518K |
| Approvals of $150,000 or less | 60.3% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 37.2% | 34.3% |
| Approvals to franchise businesses | 6.4% | 11.5% |
| Jobs supported per approval, as reported | 8.3 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 5.9% | 6.6% |
States served
| # | State of the business (1 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Utah | 78 | $17.2M | 100.0% |
In Utah the lender accounts for 1.5% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (9 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Salt Lake County, UT | 47 | $9.6M | 60.3% | |
| 2 | Utah County, UT | 11 | $4.3M | 14.1% | |
| 3 | Davis County, UT | 9 | $1.5M | 11.5% | |
| 4 | Washington County, UT | 4 | $592K | 5.1% | |
| 5 | Tooele County, UT | 2 | — | 2.6% | |
| 6 | Box Elder County, UT | 2 | — | 2.6% | |
| 7 | Summit County, UT | 1 | — | 1.3% | |
| 8 | Cache County, UT | 1 | — | 1.3% | |
| 9 | Weber County, UT | 1 | — | 1.3% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 12 | 15.4% | |
| 2 | Health Care and Social Assistance | 10 | 12.8% | |
| 3 | Construction | 9 | 11.5% | |
| 4 | Professional, Scientific, and Technical Services | 9 | 11.5% | |
| 5 | Other Services (except Public Administration) | 8 | 10.3% | |
| 6 | Accommodation and Food Services | 6 | 7.7% | |
| 7 | Manufacturing | 5 | 6.4% | |
| 8 | Transportation and Warehousing | 4 | 5.1% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 6.4% | |
| 2 | Personal Care ServicesNAICS 8121 | 4 | 5.1% | |
| 3 | General Freight TruckingNAICS 4841 | 4 | 5.1% | |
| 4 | Other Schools and InstructionNAICS 6116 | 3 | 3.8% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 3.8% | |
| 6 | Specialty Food StoresNAICS 4452 | 3 | 3.8% | |
| 7 | Building Finishing ContractorsNAICS 2383 | 3 | 3.8% | |
| 8 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 3 | 3.8% | |
| 9 | Medical and Diagnostic LaboratoriesNAICS 6215 | 2 | 2.6% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 2.6% |
Approval sizes
- $50,000 or less30.8%24
- $50,001 to $150,00029.5%23
- $150,001 to $350,00028.2%22
- $350,001 to $1 million9.0%7
- $1 million to $2 million1.3%1
- Over $2 million1.3%1
Loan terms
- 5 years or less12.8%10
- Over 5 to 10 years83.3%65
- Over 10 to 20 years2.6%2
- Over 20 years1.3%1
Age of the businesses
- Existing, more than 2 years old57.7%45
- New business, 2 years or less29.5%23
- Startup, loan funds will open the business7.7%6
- Change of ownership5.1%4
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 51 | 65.4% | |
| 2 | Preferred Lenders Program | 22 | 28.2% | |
| 3 | 7a General | 5 | 6.4% |
Franchise share
5 of 78 approvals in FY2021–FY2025 (6.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Silver Bear Swim School | 1 | 1.3% | |
| 2 | Exit 4 Private Escape Rooms | 1 | 1.3% | |
| 3 | Papa Murphy's Take 'N' Bake Pizza | 1 | 1.3% | |
| 4 | Crave Cookies | 1 | 1.3% | |
| 5 | Presotea | 1 | 1.3% |
Questions and answers
How many SBA loans does Canyon View Federal Credit Union make?
SBA approved 30 7(a) loans through Canyon View Federal Credit Union in FY2025, worth $4.9M, and 78 over FY2021 to FY2025. That ranks 380th of 2,184 active 7(a) lenders by number of approvals.
How large are Canyon View Federal Credit Union's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $100K and the average $220K. The program-wide median was $190K.
What is Canyon View Federal Credit Union's charge-off rate?
Of 254 disbursed loans approved in FY2010 to FY2021, SBA records 15 as charged off (5.9%), 208 as paid in full and 31 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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 Canyon View Federal Credit Union lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (5); personal care services (4); general freight trucking (4); other schools and instruction (3).
Where does Canyon View Federal Credit Union make SBA loans?
In 1 state or territory. Utah 78. In Utah it accounts for 1.5% of all 7(a) approvals.
Is Canyon View Federal Credit Union's SBA lending rising?
Approvals in the three latest complete fiscal years total 64, against 31 in the three before: rising (+106%).
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