Lenders › Intermountain Business Lending, Inc.
504 CDCOgden, Utahcertified development company34th of 182 by approvals
Intermountain Business Lending, Inc.
SBA 504 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.
Intermountain Business Lending, Inc., based in Ogden, Utah, is a certified development company (CDC) that makes SBA 504 loans. SBA approved 286 of its 504 loans worth $305M in FY2021 to FY2025, which places it 34th of 182 active CDCs by number of approvals.
In FY2025, the latest complete fiscal year, it had 50 approvals totalling $49.4M, up 56% on FY2024 (32). FY2026 to 30 Jun 2026 adds 34 more.
The median approval was $662K, against $657K for the 504 program as a whole; 1.0% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 3 states and territories and 27 counties, led by Utah (98.3%), Idaho (1.4%) and Colorado (0.3%). The largest industry group was health care and social assistance at 16.4% of approvals, and 7.0% of approvals were to franchise businesses.
Of 657 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (0.5%), 318 as paid in full and 336 still outstanding; the 504 program figure for the same approval years is 1.2%, 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* | 34 | $38.0M | $850K | $1.1M | 201 |
| FY2025 | 50 | $49.4M | $645K | $988K | 304 |
| FY2024 | 32 | $28.4M | $614K | $888K | 228 |
| FY2023 | 62 | $73.7M | $720K | $1.2M | 480 |
| FY2022 | 75 | $85.7M | $647K | $1.1M | 728 |
| FY2021 | 67 | $68.2M | $673K | $1.0M | 542 |
| FY2020 | 62 | $40.6M | $492K | $655K | 491 |
| FY2019 | 73 | $50.8M | $433K | $695K | 435 |
| FY2018 | 51 | $31.0M | $338K | $608K | 276 |
| FY2017 | 44 | $35.9M | $523K | $817K | 316 |
| FY2016 | 46 | $24.9M | $313K | $542K | 324 |
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 276 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 | 504 program |
|---|---|---|---|
| Approvals in these years | 704 | 2,870 | 85,591 |
| Cancelled or never disbursed | 47 | 222 | 12,514 |
| Disbursed loans | 657 | 2,648 | 73,077 |
| Paid in full | 318 | 1,286 | 35,491 |
| Charged off | 3 | 14 | 905 |
| Still outstanding (status exempt from disclosure) | 336 | 1,348 | 36,681 |
| Charged off, share of disbursed loans | 0.5% | 0.5% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.4% | 0.4% | 0.9% |
| Dollars charged off | $1.7M | $7.2M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 64 | 10 | 0 | 0.0% | 0.1% |
| FY2020 | 59 | 11 | 0 | 0.0% | 0.1% |
| FY2019 | 67 | 10 | 0 | 0.0% | 0.3% |
| FY2018 | 48 | 15 | 0 | 0.0% | 0.4% |
| FY2017 | 41 | 22 | 0 | 0.0% | 0.8% |
| FY2016 | 43 | 18 | 0 | 0.0% | 1.0% |
| FY2015 | 42 | 28 | 0 | 0.0% | 1.2% |
| FY2014 | 50 | 32 | 0 | 0.0% | 1.3% |
| FY2013 | 49 | 31 | 0 | 0.0% | 1.4% |
| FY2012 | 82 | 54 | 0 | 0.0% | 2.0% |
| FY2011 | 60 | 50 | 1 | 1.7% | 2.1% |
| FY2010 | 52 | 37 | 2 | 3.8% | 3.4% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 504 program
| FY2021–FY2025 | This lender | 504 program |
|---|---|---|
| Median approval | $662K | $657K |
| Average approval | $1.1M | $1.0M |
| Approvals of $150,000 or less | 1.0% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 11.2% | 14.4% |
| Approvals to franchise businesses | 7.0% | 9.0% |
| Jobs supported per approval, as reported | 8.0 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 0.5% | 1.2% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Utah | 281 | $303M | 98.3% | |
| 2 | Idaho | 4 | $1.5M | 1.4% | |
| 3 | Colorado | 1 | — | 0.3% |
In Utah the lender accounts for 20.2% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (27 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Salt Lake County, UT | 80 | $77.7M | 28.0% | |
| 2 | Utah County, UT | 41 | $42.4M | 14.3% | |
| 3 | Davis County, UT | 39 | $44.8M | 13.6% | |
| 4 | Weber County, UT | 36 | $30.6M | 12.6% | |
| 5 | Washington County, UT | 27 | $36.3M | 9.4% | |
| 6 | Cache County, UT | 11 | $19.0M | 3.8% | |
| 7 | Iron County, UT | 8 | $7.5M | 2.8% | |
| 8 | Summit County, UT | 6 | $5.4M | 2.1% | |
| 9 | Wasatch County, UT | 5 | $5.5M | 1.7% | |
| 10 | Sevier County, UT | 5 | $3.2M | 1.7% | |
| 11 | Uintah County, UT | 4 | $3.4M | 1.4% | |
| 12 | Grand County, UT | 3 | $6.0M | 1.0% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 47 | 16.4% | |
| 2 | Construction | 41 | 14.3% | |
| 3 | Retail Trade | 36 | 12.6% | |
| 4 | Other Services (except Public Administration) | 31 | 10.8% | |
| 5 | Accommodation and Food Services | 26 | 9.1% | |
| 6 | Manufacturing | 23 | 8.0% | |
| 7 | Real Estate and Rental and Leasing | 17 | 5.9% | |
| 8 | Professional, Scientific, and Technical Services | 17 | 5.9% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 18 | 6.3% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 15 | 5.2% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 14 | 4.9% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 12 | 4.2% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 11 | 3.8% | |
| 6 | Offices of DentistsNAICS 6212 | 11 | 3.8% | |
| 7 | Lessors of Real EstateNAICS 5311 | 10 | 3.5% | |
| 8 | Other Personal ServicesNAICS 8129 | 8 | 2.8% | |
| 9 | Outpatient Care CentersNAICS 6214 | 7 | 2.4% | |
| 10 | Traveler AccommodationNAICS 7211 | 6 | 2.1% |
Approval sizes
- $50,001 to $150,0001.0%3
- $150,001 to $350,00023.1%66
- $350,001 to $1 million41.3%118
- $1 million to $2 million21.7%62
- Over $2 million12.9%37
Loan terms
- Over 5 to 10 years1.4%4
- Over 10 to 20 years1.7%5
- Over 20 years96.9%277
Age of the businesses
- Existing, more than 2 years old86.7%248
- New business, 2 years or less1.4%4
- Startup, loan funds will open the business9.8%28
- Change of ownership2.1%6
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 226 | 79.0% | |
| 2 | ALP Express | 40 | 14.0% | |
| 3 | 504 Refinancing Program | 16 | 5.6% | |
| 4 | ALP Express Debt Refi | 3 | 1.0% | |
| 5 | 504 Basic | 1 | 0.3% |
Franchise share
20 of 286 approvals in FY2021–FY2025 (7.0%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Big O Tires | 4 | 1.4% | |
| 2 | BRP US Inc. | 2 | 0.7% | |
| 3 | Fairfield by Marriott | 1 | 0.3% | |
| 4 | Days Inn | 1 | 0.3% | |
| 5 | Kiddie Academy | 1 | 0.3% | |
| 6 | Bee Hive Homes | 1 | 0.3% | |
| 7 | Paul Mitchell The School Franchise System | 1 | 0.3% | |
| 8 | Culver's ButterBurgers & Frozen Custard | 1 | 0.3% |
Third-party lenders in its 504 projects
A 504 project pairs the CDC's loan with a larger loan from a bank or other lender. Banks and credit unions named on five or more of this CDC's projects in FY2021–FY2025:
| # | Third-party lender | Projects | Share | |
|---|---|---|---|---|
| 1 | Glacier Bank | 31 | 10.8% | |
| 2 | Bank of Utah | 25 | 8.7% | |
| 3 | State Bank of Southern Utah | 22 | 7.7% | |
| 4 | Zions Bank, A Division of | 19 | 6.6% | |
| 5 | America First Federal Credit Union | 17 | 5.9% | |
| 6 | Brighton Bank | 17 | 5.9% | |
| 7 | Mountain America FCU | 14 | 4.9% | |
| 8 | Central Bank | 13 | 4.5% | |
| 9 | Cache Valley Bank | 12 | 4.2% | |
| 10 | Goldenwest Federal Credit Union | 11 | 3.8% |
Questions and answers
How many SBA loans does Intermountain Business Lending, Inc. make?
SBA approved 50 504 loans through Intermountain Business Lending, Inc. in FY2025, worth $49.4M, and 286 over FY2021 to FY2025. That ranks 34th of 182 active CDCs by number of approvals.
How large are Intermountain Business Lending, Inc.'s typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $662K and the average $1.1M. The program-wide median was $657K.
What is Intermountain Business Lending, Inc.'s charge-off rate?
Of 657 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (0.5%), 318 as paid in full and 336 still outstanding; the 504 program figure for the same approval years is 1.2%, 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 Intermountain Business Lending, Inc. lend to most?
By number of approvals in FY2021 to FY2025: other specialty trade contractors (18); offices of other health practitioners (15); restaurants and other eating places (14); building equipment contractors (12).
Where does Intermountain Business Lending, Inc. make SBA loans?
In 3 states and territories. Utah 281, Idaho 4, Colorado 1. In Utah it accounts for 20.2% of all 504 approvals.
Is Intermountain Business Lending, Inc.'s SBA lending rising?
Approvals in the three latest complete fiscal years total 144, against 204 in the three before: falling (-29%).
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