SBA loans in Utah, FY2020

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 FY2020 (1 October 2019 to 30 September 2020) SBA approved 1,064 loans in Utah: 778 under 7(a) and 286 under 504, worth $625M.

That is about level with FY2019, when there were 1,023 approvals worth $509M.

Utah accounted for 2.2% of the 49,417 approvals nationwide that year. 66 lenders had at least one approval in the state; Mountain West Small Business Finance had the most, 222.

1,064approvalsFY2019: 1,023

$625Mdollars approvedFY2019: $509M

$225Kmedian 7(a) approvalFY2019: $175K

66lenders with an approval

13,040jobs 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 FY2020, of 66 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2019	Change
1	Mountain West Small Business Finance	504	222	$163M	20.9%	180	+42
2	Zions Bank, A Division of	7(a)	88	$22.0M	8.3%	120	-32
3	Mountain America FCU	7(a)	80	$32.4M	7.5%	61	+19
4	Central Bank	7(a)	72	$14.0M	6.8%	41	+31
5	Intermountain Business Lending, Inc.	504	62	$40.6M	5.8%	72	-10
6	America First Federal Credit Union	7(a)	59	$42.1M	5.5%	45	+14
7	State Bank of Southern Utah	7(a)	48	$11.4M	4.5%	21	+27
8	U.S. Bank, National Association	7(a)	46	$8.7M	4.3%	63	-17
9	Community Banks of Colorado, A Division of NBH Bank	7(a)	33	$33.6M	3.1%	20	+13
10	Wells Fargo Bank National Association	7(a)	32	$7.3M	3.0%	44	-12
11	BMO Bank National Association	7(a)	30	$14.6M	2.8%	31	-1
12	Cache Valley Bank	7(a)	28	$6.4M	2.6%	7	+21
13	Celtic Bank Corporation	7(a)	20	$20.1M	1.9%	27	-7
14	KeyBank National Association	7(a)	20	$14.2M	1.9%	17	+3
15	Byline Bank	7(a)	18	$27.1M	1.7%	1	+17
16	Canyon View Federal Credit Union	7(a)	17	$1.3M	1.6%	22	-5
17	First Utah Bank	7(a)	15	$17.9M	1.4%	25	-10
18	Live Oak Banking Company	7(a)	15	$17.9M	1.4%	21	-6
19	Glacier Bank	7(a)	13	$7.0M	1.2%	36	-23
20	JPMorgan Chase Bank, National Association	7(a)	12	$2.2M	1.1%	30	-18
21	United Midwest Savings Bank National Association	7(a)	11	$7.0M	1.0%	6	+5
22	BayFirst National Bank	7(a)	10	$2.1M	0.9%	12	-2
23	Northwest Bank	7(a)	9	$3.9M	0.8%	1	+8
24	Readycap Lending, LLC	7(a)	7	$7.2M	0.7%	6	+1
25	Brighton Bank	7(a)	7	$7.0M	0.7%	3	+4
26	Continental Bank	7(a)	7	$6.7M	0.7%	0	new
27	T Bank, National Association	7(a)	6	$7.3M	0.6%	5	+1
28	Citizens Bank	7(a)	6	$3.0M	0.6%	8	-2
29	Enterprise Bank & Trust	7(a)	5	$7.1M	0.5%	6	-1
30	Stearns Bank National Association	7(a)	5	$1.1M	0.5%	16	-11
31	UMB Bank, National Association	7(a)	4	$1.1M	0.4%	0	new
32	Five Star Bank	7(a)	4	$775K	0.4%	1	+3
33	Wasatch Peaks FCU	7(a)	4	$612K	0.4%	11	-7
34	Gulf Coast Bank and Trust Company	7(a)	3	$6.9M	0.3%	0	new
35	Harvest Small Business Finance, LLC	7(a)	3	$6.4M	0.3%	2	+1
36	First Merchants Bank	7(a)	3	$2.9M	0.3%	0	new
37	Utah First FCU	7(a)	3	$1.2M	0.3%	2	+1
38	The Huntington National Bank	7(a)	3	$566K	0.3%	4	-1
39	Busey Bank	7(a)	2	—	0.2%	0	new
40	GBC International Bank	7(a)	2	—	0.2%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2019	Change
1	Salt Lake County	356	$226M	33.5%	395	-39
2	Utah County	265	$157M	24.9%	233	+32
3	Washington County	92	$40.9M	8.6%	55	+37
4	Davis County	90	$68.1M	8.5%	84	+6
5	Weber County	58	$20.9M	5.5%	61	-3
6	Cache County	36	$18.1M	3.4%	29	+7
7	Iron County	27	$15.6M	2.5%	26	+1
8	Summit County	23	$12.9M	2.2%	26	-3
9	Uintah County	18	$7.4M	1.7%	11	+7
10	Tooele County	13	$11.5M	1.2%	18	-5
11	Wasatch County	12	$3.8M	1.1%	16	-4
12	Box Elder County	10	$2.6M	0.9%	22	-12
13	Duchesne County	10	$3.5M	0.9%	6	+4
14	Sevier County	9	$4.6M	0.8%	2	+7
15	Garfield County	6	$2.2M	0.6%	2	+4
16	Sanpete County	5	$2.2M	0.5%	5	0
17	Carbon County	5	$1.2M	0.5%	2	+3
18	Juab County	4	$1.0M	0.4%	2	+2
19	Kane County	4	$1.4M	0.4%	3	+1
20	Wayne County	4	$599K	0.4%	2	+2
21	San Juan County	4	$9.0M	0.4%	1	+3
22	Grand County	3	$9.0M	0.3%	6	-3
23	Millard County	3	$1.1M	0.3%	3	0
24	Rich County	2	—	0.2%	3	-1
25	Emery County	2	—	0.2%	6	-4
26	Piute County	2	—	0.2%	0	new
27	Daggett County	1	—	0.1%	0	new

FY2020 against FY2019

Utah	FY2020	FY2019
7(a) approvals	778	770
7(a) dollars	$420M	$326M
Median 7(a) approval	$225K	$175K
504 approvals	286	253
504 dollars	$205M	$183M
Jobs supported, as reported	13,040	10,290

Questions and answers

Which lenders made the most SBA loans in Utah in FY2020?

Mountain West Small Business Finance (222), Zions Bank, A Division of (88), Mountain America FCU (80), Central Bank (72), Intermountain Business Lending, Inc. (62). 66 lenders had at least one approval.

How many SBA loans were approved in Utah in FY2020?

1,064: 778 under 7(a) worth $420M and 286 under 504 worth $205M.

Which Utah counties had the most SBA approvals in FY2020?

Salt Lake County (356), Utah County (265), Washington County (92), Davis County (90), Weber County (58).

When does FY2020 start and end?

The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.

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