SBA loans in Utah, FY2019

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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 1,023 loans in Utah: 770 under 7(a) and 253 under 504, worth $509M.

That is down 17% on FY2018, when there were 1,230 approvals worth $603M.

Utah accounted for 1.8% of the 58,006 approvals nationwide that year. 68 lenders had at least one approval in the state; Mountain West Small Business Finance had the most, 180.

1,023approvalsFY2018: 1,230

$509Mdollars approvedFY2018: $603M

$175Kmedian 7(a) approvalFY2018: $150K

68lenders with an approval

10,290jobs 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 FY2019, of 68 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2018	Change
1	Mountain West Small Business Finance	504	180	$131M	17.6%	183	-3
2	Zions Bank, A Division of	7(a)	120	$23.3M	11.7%	207	-87
3	Intermountain Business Lending, Inc.	504	72	$50.6M	7.0%	50	+22
4	U.S. Bank, National Association	7(a)	63	$13.6M	6.2%	49	+14
5	Mountain America FCU	7(a)	61	$16.1M	6.0%	95	-34
6	America First Federal Credit Union	7(a)	45	$16.9M	4.4%	23	+22
7	Wells Fargo Bank National Association	7(a)	44	$10.7M	4.3%	80	-36
8	Central Bank	7(a)	41	$14.7M	4.0%	35	+6
9	Glacier Bank	7(a)	36	$20.0M	3.5%	48	-12
10	BMO Bank National Association	7(a)	31	$12.1M	3.0%	30	+1
11	JPMorgan Chase Bank, National Association	7(a)	30	$13.1M	2.9%	36	-6
12	Celtic Bank Corporation	7(a)	27	$16.7M	2.6%	39	-12
13	First Utah Bank	7(a)	25	$20.7M	2.4%	23	+2
14	Canyon View Federal Credit Union	7(a)	22	$2.9M	2.2%	32	-10
15	Live Oak Banking Company	7(a)	21	$26.2M	2.1%	18	+3
16	State Bank of Southern Utah	7(a)	21	$2.2M	2.1%	28	-7
17	Community Banks of Colorado, A Division of NBH Bank	7(a)	20	$11.2M	2.0%	43	-23
18	KeyBank National Association	7(a)	17	$8.2M	1.7%	17	0
19	Stearns Bank National Association	7(a)	16	$5.2M	1.6%	10	+6
20	BayFirst National Bank	7(a)	12	$2.8M	1.2%	7	+5
21	Wasatch Peaks FCU	7(a)	11	$1.7M	1.1%	11	0
22	Citizens Bank	7(a)	8	$9.1M	0.8%	9	-1
23	Cache Valley Bank	7(a)	7	$576K	0.7%	6	+1
24	Enterprise Bank & Trust	7(a)	6	$10.8M	0.6%	5	+1
25	Readycap Lending, LLC	7(a)	6	$6.3M	0.6%	2	+4
26	United Midwest Savings Bank National Association	7(a)	6	$2.1M	0.6%	9	-3
27	T Bank, National Association	7(a)	5	$10.5M	0.5%	8	-3
28	Newtek Small Business Finance, Inc.	7(a)	5	$6.5M	0.5%	3	+2
29	Independence Bank	7(a)	5	$750K	0.5%	8	-3
30	The Huntington National Bank	7(a)	4	$1.3M	0.4%	5	-1
31	Jordan Federal Credit Union	7(a)	4	$167K	0.4%	0	new
32	Brighton Bank	7(a)	3	$2.5M	0.3%	12	-9
33	GBank	7(a)	3	$1.8M	0.3%	0	new
34	Northeast Bank	7(a)	3	$450K	0.3%	4	-1
35	Harvest Small Business Finance, LLC	7(a)	2	—	0.2%	2	0
36	Utah First FCU	7(a)	2	—	0.2%	2	0
37	Commonwealth Business Bank	7(a)	2	—	0.2%	3	-1
38	Sunwest Bank	7(a)	2	—	0.2%	0	new
39	Bank of Hope	7(a)	2	—	0.2%	1	+1
40	The Bancorp Bank National Association	7(a)	2	—	0.2%	1	+1

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2018	Change
1	Salt Lake County	395	$213M	38.6%	476	-81
2	Utah County	233	$119M	22.8%	250	-17
3	Davis County	84	$33.5M	8.2%	105	-21
4	Weber County	61	$27.7M	6.0%	60	+1
5	Washington County	55	$20.6M	5.4%	72	-17
6	Cache County	29	$13.9M	2.8%	42	-13
7	Summit County	26	$15.1M	2.5%	42	-16
8	Iron County	26	$6.2M	2.5%	31	-5
9	Box Elder County	22	$12.4M	2.2%	14	+8
10	Tooele County	18	$8.9M	1.8%	20	-2
11	Wasatch County	16	$7.6M	1.6%	28	-12
12	Uintah County	11	$2.5M	1.1%	20	-9
13	Duchesne County	6	$292K	0.6%	9	-3
14	Grand County	6	$6.9M	0.6%	9	-3
15	Emery County	6	$3.6M	0.6%	0	new
16	Sanpete County	5	$1.3M	0.5%	3	+2
17	Rich County	3	$1.4M	0.3%	4	-1
18	Kane County	3	$1.2M	0.3%	3	0
19	Morgan County	3	$777K	0.3%	5	-2
20	Millard County	3	$625K	0.3%	6	-3
21	Sevier County	2	—	0.2%	11	-9
22	Juab County	2	—	0.2%	2	0
23	Carbon County	2	—	0.2%	5	-3
24	Wayne County	2	—	0.2%	2	0
25	Garfield County	2	—	0.2%	7	-5
26	Beaver County	1	—	0.1%	0	new
27	San Juan County	1	—	0.1%	4	-3

FY2019 against FY2018

Utah	FY2019	FY2018
7(a) approvals	770	997
7(a) dollars	$326M	$427M
Median 7(a) approval	$175K	$150K
504 approvals	253	233
504 dollars	$183M	$177M
Jobs supported, as reported	10,290	14,255

Questions and answers

Which lenders made the most SBA loans in Utah in FY2019?

Mountain West Small Business Finance (180), Zions Bank, A Division of (120), Intermountain Business Lending, Inc. (72), U.S. Bank, National Association (63), Mountain America FCU (61). 68 lenders had at least one approval.

How many SBA loans were approved in Utah in FY2019?

1,023: 770 under 7(a) worth $326M and 253 under 504 worth $183M.

Which Utah counties had the most SBA approvals in FY2019?

Salt Lake County (395), Utah County (233), Davis County (84), Weber County (61), Washington County (55).

When does FY2019 start and end?

The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.

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