SBA loans in Utah, FY2018

That fiscal year's approvals by lender and by county.

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 FY2018 (1 October 2017 to 30 September 2018) SBA approved 1,230 loans in Utah: 997 under 7(a) and 233 under 504, worth $603M.

That is about level with FY2017, when there were 1,287 approvals worth $597M.

Utah accounted for 1.9% of the 66,228 approvals nationwide that year. 71 lenders had at least one approval in the state; Zions Bank, A Division of had the most, 207.

1,230approvalsFY2017: 1,287

$603Mdollars approvedFY2017: $597M

$150Kmedian 7(a) approvalFY2017: $150K

71lenders with an approval

14,255jobs supported, as reported

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.

Approvals by lender

The 40 lenders with the most approvals to Utah businesses in FY2018, of 71 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2017	Change
1	Zions Bank, A Division of	7(a)	207	$38.9M	16.8%	186	+21
2	Mountain West Small Business Finance	504	183	$149M	14.9%	169	+14
3	Mountain America FCU	7(a)	95	$31.5M	7.7%	84	+11
4	Wells Fargo Bank National Association	7(a)	80	$19.5M	6.5%	92	-12
5	Intermountain Business Lending, Inc.	504	50	$27.6M	4.1%	44	+6
6	U.S. Bank, National Association	7(a)	49	$9.0M	4.0%	83	-34
7	Glacier Bank	7(a)	48	$22.4M	3.9%	106	-58
8	Community Banks of Colorado, A Division of NBH Bank	7(a)	43	$35.8M	3.5%	51	-8
9	Celtic Bank Corporation	7(a)	39	$16.1M	3.2%	39	0
10	JPMorgan Chase Bank, National Association	7(a)	36	$22.6M	2.9%	54	-18
11	Central Bank	7(a)	35	$11.4M	2.8%	41	-6
12	Canyon View Federal Credit Union	7(a)	32	$3.4M	2.6%	23	+9
13	BMO Bank National Association	7(a)	30	$13.0M	2.4%	24	+6
14	State Bank of Southern Utah	7(a)	28	$4.7M	2.3%	48	-20
15	First Utah Bank	7(a)	23	$12.1M	1.9%	26	-3
16	America First Federal Credit Union	7(a)	23	$8.7M	1.9%	25	-2
17	Live Oak Banking Company	7(a)	18	$21.4M	1.5%	8	+10
18	Bank of Utah	7(a)	17	$19.6M	1.4%	21	-4
19	KeyBank National Association	7(a)	17	$9.7M	1.4%	28	-11
20	Brighton Bank	7(a)	12	$9.4M	1.0%	5	+7
21	Wasatch Peaks FCU	7(a)	11	$922K	0.9%	6	+5
22	Stearns Bank National Association	7(a)	10	$4.2M	0.8%	15	-5
23	Citizens Bank	7(a)	9	$10.7M	0.7%	0	new
24	United Midwest Savings Bank National Association	7(a)	9	$1.8M	0.7%	6	+3
25	Mountain West Small Business Finance	7(a)	9	$1.3M	0.7%	5	+4
26	T Bank, National Association	7(a)	8	$15.3M	0.7%	5	+3
27	Independence Bank	7(a)	8	$850K	0.7%	2	+6
28	BayFirst National Bank	7(a)	7	$1.8M	0.6%	11	-4
29	Cache Valley Bank	7(a)	6	$520K	0.5%	18	-12
30	Enterprise Bank & Trust	7(a)	5	$2.7M	0.4%	0	new
31	The Huntington National Bank	7(a)	5	$1.7M	0.4%	0	new
32	United Community Bank	7(a)	5	$1.1M	0.4%	1	+4
33	FinWise Bank	7(a)	4	$987K	0.3%	3	+1
34	Simmons Bank	7(a)	4	$841K	0.3%	4	0
35	Northeast Bank	7(a)	4	$500K	0.3%	3	+1
36	Five Star Bank	7(a)	4	$467K	0.3%	3	+1
37	Cyprus Federal Credit Union	7(a)	4	$275K	0.3%	0	new
38	Byline Bank	7(a)	3	$6.1M	0.2%	2	+1
39	Newtek Small Business Finance, Inc.	7(a)	3	$5.4M	0.2%	3	0
40	Columbia Bank	7(a)	3	$4.7M	0.2%	1	+2

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2017	Change
1	Salt Lake County	476	$238M	38.7%	470	+6
2	Utah County	250	$119M	20.3%	277	-27
3	Davis County	105	$49.0M	8.5%	119	-14
4	Washington County	72	$41.1M	5.9%	89	-17
5	Weber County	60	$38.6M	4.9%	74	-14
6	Cache County	42	$16.8M	3.4%	51	-9
7	Summit County	42	$14.7M	3.4%	28	+14
8	Iron County	31	$7.0M	2.5%	29	+2
9	Wasatch County	28	$14.2M	2.3%	19	+9
10	Uintah County	20	$11.0M	1.6%	19	+1
11	Tooele County	20	$8.3M	1.6%	16	+4
12	Box Elder County	14	$5.9M	1.1%	22	-8
13	Sevier County	11	$5.7M	0.9%	11	0
14	Duchesne County	9	$1.4M	0.7%	6	+3
15	Grand County	9	$5.7M	0.7%	12	-3
16	Garfield County	7	$5.2M	0.6%	4	+3
17	Millard County	6	$5.8M	0.5%	5	+1
18	Carbon County	5	$2.4M	0.4%	4	+1
19	Morgan County	5	$4.8M	0.4%	2	+3
20	Rich County	4	$3.4M	0.3%	4	0
21	San Juan County	4	$866K	0.3%	0	new
22	Sanpete County	3	$571K	0.2%	9	-6
23	Kane County	3	$152K	0.2%	5	-2
24	Juab County	2	—	0.2%	2	0
25	Wayne County	2	—	0.2%	5	-3

FY2018 against FY2017

Utah	FY2018	FY2017
7(a) approvals	997	1,073
7(a) dollars	$427M	$440M
Median 7(a) approval	$150K	$150K
504 approvals	233	214
504 dollars	$177M	$157M
Jobs supported, as reported	14,255	14,174

Questions and answers

Which lenders made the most SBA loans in Utah in FY2018?

Zions Bank, A Division of (207), Mountain West Small Business Finance (183), Mountain America FCU (95), Wells Fargo Bank National Association (80), Intermountain Business Lending, Inc. (50). 71 lenders had at least one approval.

How many SBA loans were approved in Utah in FY2018?

1,230: 997 under 7(a) worth $427M and 233 under 504 worth $177M.

Which Utah counties had the most SBA approvals in FY2018?

Salt Lake County (476), Utah County (250), Davis County (105), Washington County (72), Weber County (60).

When does FY2018 start and end?

The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.

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