States › Utah
State1.9% of US approvals168 lenders active
SBA loans in Utah
7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.
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 Utah received 6,449 SBA loan approvals worth $4.05bn in FY2021 to FY2025, 5,056 of them 7(a) loans and 1,393 504 loans.
That is 67.5 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 1.9% of all approvals in the country (19th of 54 states and territories).
In FY2025 there were 1,593 approvals totalling $921M, up 19% on FY2024. The median 7(a) approval over the five years was $200K and the median 504 approval $689K.
168 lenders had at least one approval in the state; by number of 7(a) approvals the most active were Zions Bank, A Division of (689), Mountain America FCU (666) and Central Bank (385).
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 5.2% as charged off, against 6.6% nationally.
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.
Most active 7(a) lenders in Utah
Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.
| # | Lender | Approvals in UT, FY2021–25 | Dollars | Share | Median approval, all states | FY2016–26 | Charged off, FY2010–21 loans |
|---|---|---|---|---|---|---|---|
| 1 | Zions Bank, A Division ofSalt Lake City, UT | 689 | $165M | 13.6% | $140K | 5.9% | |
| 2 | Mountain America FCUSandy, UT | 666 | $254M | 13.2% | $70K | 3.6% | |
| 3 | Central BankProvo, UT | 385 | $156M | 7.6% | $238K | 3.1% | |
| 4 | U.S. Bank, National AssociationCincinnati, OH | 264 | $66.8M | 5.2% | $45K | 6.2% | |
| 5 | America First Federal Credit UnionRiverdale, UT | 233 | $205M | 4.6% | $563K | 2.0% | |
| 6 | Cache Valley BankLogan, UT | 219 | $85.7M | 4.3% | $204K | 4.1% | |
| 7 | The Huntington National BankColumbus, OH | 177 | $72.0M | 3.5% | $92K | 5.7% | |
| 8 | Community Banks of Colorado, A Division of NBH BankGreenwood Village, CO | 161 | $151M | 3.2% | $500K | 4.0% | |
| 9 | Wells Fargo Bank National AssociationSioux Falls, SD | 151 | $45.7M | 3.0% | $15K | 7.9% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 133 | $88.0M | 2.6% | $150K | 17.0% | |
| 11 | KeyBank National AssociationCleveland, OH | 133 | $62.6M | 2.6% | $75K | 4.3% | |
| 12 | State Bank of Southern UtahCedar City, UT | 133 | $37.1M | 2.6% | $150K | 1.8% | |
| 13 | BayFirst National BankSaint Petersburg, FL | 102 | $14.0M | 2.0% | $150K | 19.2% | |
| 14 | Live Oak Banking CompanyWilmington, NC | 101 | $148M | 2.0% | $850K | 2.2% | |
| 15 | Northeast BankLewiston, ME | 99 | $18.3M | 2.0% | $106K | 12.8% | |
| 16 | Readycap Lending, LLCBerkeley Heights, NJ | 89 | $42.6M | 1.8% | $138K | 4.3% | |
| 17 | Newtek Bank, National AssociationMiami, FL | 87 | $43.8M | 1.7% | $225K | — | |
| 18 | Canyon View Federal Credit UnionSalt Lake City, UT | 78 | $17.2M | 1.5% | $100K | 5.9% | |
| 19 | First Utah BankSalt Lake City, UT | 75 | $92.6M | 1.5% | $843K | 1.9% | |
| 20 | JPMorgan Chase Bank, National AssociationColumbus, OH | 65 | $18.8M | 1.3% | $200K | 7.4% | |
| 21 | United Midwest Savings Bank National AssociationDe Graff, OH | 63 | $14.2M | 1.2% | $150K | 15.9% | |
| 22 | Capital Community BankProvo, UT | 59 | $43.3M | 1.2% | $435K | — | |
| 23 | Citizens BankElizabethton, TN | 50 | $38.4M | 1.0% | $495K | 5.4% | |
| 24 | Byline BankChicago, IL | 41 | $60.3M | 0.8% | $806K | 9.5% | |
| 25 | Northwest BankBoise, ID | 40 | $28.1M | 0.8% | $517K | 3.9% | |
| 26 | Bank of UtahOgden, UT | 35 | $35.3M | 0.7% | $550K | 1.9% | |
| 27 | T Bank, National AssociationDallas, TX | 31 | $46.4M | 0.6% | $1.3M | 5.0% | |
| 28 | Newtek Small Business Finance, Inc.Lake Success, NY | 31 | $24.9M | 0.6% | $300K | 6.8% | |
| 29 | UMB Bank, National AssociationKansas City, MO | 31 | $18.7M | 0.6% | $356K | 5.5% | |
| 30 | Cyprus Federal Credit UnionWest Jordan, UT | 31 | $2.7M | 0.6% | $42K | 4.3% | |
| 31 | BMO Bank National AssociationChicago, IL | 30 | $27.4M | 0.6% | $512K | 2.9% | |
| 32 | Brighton BankSalt Lake City, UT | 27 | $16.6M | 0.5% | $308K | 0.0% | |
| 33 | First Internet Bank of IndianaFishers, IN | 25 | $45.3M | 0.5% | $895K | 5.3% | |
| 34 | First Bank of the LakeOsage Beach, MO | 25 | $15.8M | 0.5% | $350K | 2.7% | |
| 35 | Wasatch Peaks FCUOgden, UT | 25 | $6.9M | 0.5% | $150K | 4.8% | |
| 36 | Glacier BankKalispell, MT | 22 | $15.9M | 0.4% | $220K | 2.9% | |
| 37 | Montana Community Development Corp.Missoula, MT | 20 | $2.6M | 0.4% | $104K | 5.3% | |
| 38 | Lendistry SBLC, LLCLos Angeles, CA | 19 | $4.2M | 0.4% | $150K | 22.7% | |
| 39 | Mountain West Small Business FinanceSalt Lake City, UT | 19 | $3.5M | 0.4% | $188K | 6.4% | |
| 40 | Enterprise Bank & TrustClayton, MO | 15 | $12.8M | 0.3% | $941K | 1.1% |
504 certified development companies
| # | Lender | Approvals in UT, FY2021–25 | Dollars | Share | Median approval, all states | FY2016–26 | Charged off, FY2010–21 loans |
|---|---|---|---|---|---|---|---|
| 1 | Mountain West Small Business FinanceSalt Lake City, UT · 504 CDC | 1,034 | $1.03bn | 74.2% | $684K | 0.6% | |
| 2 | Intermountain Business Lending, Inc.Ogden, UT · 504 CDC | 281 | $303M | 20.2% | $662K | 0.5% | |
| 3 | B:Side CapitalDenver, CO · 504 CDC | 45 | $45.4M | 3.2% | $590K | 1.0% | |
| 4 | Capital Matrix, Inc.Boise, ID · 504 CDC | 13 | $18.7M | 0.9% | $520K | 0.5% | |
| 5 | Mortgage Capital Development CorporationOakland, CA · 504 CDC | 4 | $6.6M | 0.3% | $913K | 0.3% | |
| 6 | Region IV Development CorporationTwin Falls, ID · 504 CDC | 2 | — | 0.1% | $364K | 0.0% | |
| 7 | Eastern Idaho Development CorporationPocatello, ID · 504 CDC | 1 | — | 0.1% | $343K | 1.1% | |
| 8 | Evergreen Business CapitalSeattle, WA · 504 CDC | 1 | — | 0.1% | $618K | 0.8% | |
| 9 | East-Central Idaho Development CompanyRexburg, ID · 504 CDC | 1 | — | 0.1% | $543K | 0.0% | |
| 10 | CDC Small Business Finance Corp.San Diego, CA · 504 CDC | 1 | — | 0.1% | $824K | 0.4% |
Fiscal-year ledger
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 751 | $370M | $200K | 183 | $217M | 934 | 9,676 |
| FY2025 | 1,343 | $611M | $150K | 250 | $310M | 1,593 | 16,426 |
| FY2024 | 1,153 | $540M | $150K | 181 | $182M | 1,334 | 16,345 |
| FY2023 | 902 | $438M | $200K | 229 | $239M | 1,131 | 13,594 |
| FY2022 | 762 | $427M | $234K | 370 | $371M | 1,132 | 14,446 |
| FY2021 | 896 | $618M | $316K | 363 | $313M | 1,259 | 16,168 |
| FY2020 | 778 | $420M | $225K | 286 | $205M | 1,064 | 13,040 |
| FY2019 | 770 | $326M | $175K | 253 | $183M | 1,023 | 10,290 |
| FY2018 | 997 | $427M | $150K | 233 | $177M | 1,230 | 14,255 |
| FY2017 | 1,073 | $440M | $150K | 214 | $157M | 1,287 | 14,174 |
| FY2016 | 1,109 | $446M | $144K | 206 | $139M | 1,315 | 14,384 |
7(a) approvals504 approvals
Counties
Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.
| # | County | Approvals | Dollars | Establishments | Per 1,000 establishments | By fiscal year |
|---|---|---|---|---|---|---|
| 1 | Salt Lake County | 2,309 | $1.53bn | 35,732 | 64.6 | |
| 2 | Utah County | 1,379 | $855M | 17,568 | 78.5 | |
| 3 | Davis County | 576 | $350M | 8,636 | 66.7 | |
| 4 | Washington County | 549 | $333M | 7,191 | 76.3 | |
| 5 | Weber County | 373 | $228M | 6,389 | 58.4 | |
| 6 | Cache County | 298 | $183M | 4,140 | 72.0 | |
| 7 | Iron County | 153 | $70.8M | 1,935 | 79.1 | |
| 8 | Summit County | 112 | $81.5M | 2,810 | 39.9 | |
| 9 | Tooele County | 98 | $52.9M | 1,187 | 82.6 | |
| 10 | Box Elder County | 87 | $34.6M | 1,332 | 65.3 | |
| 11 | Uintah County | 83 | $42.8M | 1,149 | 72.2 | |
| 12 | Wasatch County | 73 | $43.1M | 1,345 | 54.3 | |
| 13 | Duchesne County | 50 | $33.4M | 675 | 74.1 | |
| 14 | Sevier County | 43 | $17.7M | 616 | 69.8 | |
| 15 | Sanpete County | 38 | $15.3M | 534 | 71.2 | |
| 16 | Carbon County | 36 | $23.4M | 495 | 72.7 | |
| 17 | Grand County | 34 | $32.6M | 564 | 60.3 | |
| 18 | Kane County | 23 | $18.0M | 345 | 66.7 | |
| 19 | Millard County | 22 | $12.0M | 301 | 73.1 | |
| 20 | Juab County | 21 | $18.0M | 288 | 72.9 | |
| 21 | San Juan County | 21 | $12.6M | 285 | 73.7 | |
| 22 | Garfield County | 21 | $11.6M | 203 | 103.4 | |
| 23 | Rich County | 12 | $9.2M | 128 | 93.8 | |
| 24 | Emery County | 11 | $5.2M | 194 | 56.7 | |
| 25 | Morgan County | 10 | $8.6M | 382 | 26.2 | |
| 26 | Beaver County | 7 | $13.3M | 198 | 35.4 | |
| 27 | Wayne County | 7 | $8.1M | 118 | 59.3 | |
| 28 | Daggett County | 2 | — | 31 | 64.5 | |
| 29 | Piute County | 1 | — | 36 | 27.8 |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 440 | $250M | 6.8% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 258 | $95.6M | 4.0% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 222 | $79.6M | 3.4% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 209 | $117M | 3.2% | |
| 5 | Personal Care ServicesNAICS 8121 | 201 | $71.3M | 3.1% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 194 | $128M | 3.0% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 192 | $105M | 3.0% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 173 | $102M | 2.7% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 135 | $70.5M | 2.1% | |
| 10 | General Freight TruckingNAICS 4841 | 133 | $42.1M | 2.1% | |
| 11 | Offices of DentistsNAICS 6212 | 120 | $94.2M | 1.9% | |
| 12 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 120 | $49.4M | 1.9% | |
| 13 | Residential Building ConstructionNAICS 2361 | 119 | $25.2M | 1.8% | |
| 14 | Other Personal ServicesNAICS 8129 | 112 | $66.2M | 1.7% | |
| 15 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 101 | $61.1M | 1.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 880 | 13.6% | |
| 2 | Retail Trade | 758 | 11.8% | |
| 3 | Health Care and Social Assistance | 705 | 10.9% | |
| 4 | Accommodation and Food Services | 645 | 10.0% | |
| 5 | Other Services (except Public Administration) | 610 | 9.5% | |
| 6 | Professional, Scientific, and Technical Services | 579 | 9.0% | |
| 7 | Manufacturing | 551 | 8.5% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 347 | 5.4% | |
| 9 | Wholesale Trade | 278 | 4.3% | |
| 10 | Transportation and Warehousing | 256 | 4.0% |
Franchise brands
| # | Brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Bee Hive Homes | 14 | 0.2% | |
| 2 | FiiZ Drinks | 11 | 0.2% | |
| 3 | Big O Tires | 10 | 0.2% | |
| 4 | Hotworx | 10 | 0.2% | |
| 5 | Best Western | 9 | 0.1% | |
| 6 | The Back Nine | 9 | 0.1% | |
| 7 | Culver's ButterBurgers & Frozen Custard | 7 | 0.1% | |
| 8 | Scooter's Coffee | 7 | 0.1% | |
| 9 | Crumbl | 6 | 0.1% | |
| 10 | Comfort Inn | 5 | 0.1% |
How earlier loans turned out
| Loans approved FY2010–FY2021 | UT 7(a) | US 7(a) | UT 504 | US 504 |
|---|---|---|---|---|
| Approvals in these years | 12,601 | 639,905 | 2,870 | 85,591 |
| Cancelled or never disbursed | 1,336 | 79,313 | 222 | 12,514 |
| Disbursed loans | 11,265 | 560,592 | 2,648 | 73,077 |
| Paid in full | 9,360 | 435,813 | 1,286 | 35,491 |
| Charged off | 583 | 36,891 | 14 | 905 |
| Still outstanding (status exempt from disclosure) | 1,322 | 87,888 | 1,348 | 36,681 |
| Charged off, share of disbursed loans | 5.2% | 6.6% | 0.5% | 1.2% |
| Dollars charged off, share of disbursed dollars | 2.1% | 2.5% | 0.4% | 0.9% |
| Dollars charged off | $83.3M | $5.70bn | $7.2M | $499M |
Approval sizes
- $50,000 or less18.0%1,159
- $50,001 to $150,00018.4%1,186
- $150,001 to $350,00020.1%1,297
- $350,001 to $1 million25.7%1,655
- $1 million to $2 million10.3%666
- Over $2 million7.5%486
Age of the businesses
- Existing, more than 2 years old59.9%3,864
- New business, 2 years or less17.2%1,108
- Startup, loan funds will open the business15.6%1,008
- Change of ownership7.3%469
Against the country
| FY2021–FY2025 | Utah | United States |
|---|---|---|
| Approvals per 1,000 establishments | 67.5 | 41.0 |
| Median 7(a) approval | $200K | $190K |
| Median 504 approval | $689K | $657K |
| 504 share of approvals | 21.6% | 11.0% |
| Jobs supported per approval, as reported | 11.9 | 10.5 |
| Approvals, change on FY2016–FY2020 | 9% | 10% |
Questions and answers
Which lenders make the most SBA loans in Utah?
By 7(a) approvals in FY2021 to FY2025: Zions Bank, A Division of (689), Mountain America FCU (666), Central Bank (385), U.S. Bank, National Association (264), America First Federal Credit Union (233). For 504 loans: Mountain West Small Business Finance (1,034), Intermountain Business Lending, Inc. (281), B:Side Capital (45). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Utah?
The median 7(a) approval was $200K and the median 504 approval $689K; the average across both programs was $628K.
Which industries get the most SBA loans in Utah?
Restaurants and Other Eating Places (440); Offices of Other Health Practitioners (258); Services to Buildings and Dwellings (222); Automotive Repair and Maintenance (209); Personal Care Services (201).
Which Utah counties receive the most SBA loans?
Salt Lake County (2,309), Utah County (1,379), Davis County (576), Washington County (549), Weber County (373), by approvals in FY2021 to FY2025.
Is SBA lending in Utah rising?
Approvals in the three latest complete fiscal years total 4,058, against 3,455 in the three before: rising (+17%).
What share of SBA loans in Utah are charged off?
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 5.2% are recorded as charged off (national: 6.6%); for 504 loans the figure is 0.5% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.
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