SBA loans in Utah, FY2021

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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 1,259 loans in Utah: 896 under 7(a) and 363 under 504, worth $931M.

That is up 18% on FY2020, when there were 1,064 approvals worth $625M.

Utah accounted for 2.0% of the 61,532 approvals nationwide that year. 75 lenders had at least one approval in the state; Mountain West Small Business Finance had the most, 295.

1,259approvalsFY2020: 1,064

$931Mdollars approvedFY2020: $625M

$316Kmedian 7(a) approvalFY2020: $225K

75lenders with an approval

16,168jobs 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 FY2021, of 75 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2020	Change
1	Mountain West Small Business Finance	504	295	$243M	23.4%	222	+73
2	Mountain America FCU	7(a)	93	$50.6M	7.4%	80	+13
3	Zions Bank, A Division of	7(a)	85	$28.0M	6.8%	88	-3
4	Central Bank	7(a)	84	$32.9M	6.7%	72	+12
5	America First Federal Credit Union	7(a)	78	$63.4M	6.2%	59	+19
6	Cache Valley Bank	7(a)	72	$44.6M	5.7%	28	+44
7	Intermountain Business Lending, Inc.	504	67	$68.2M	5.3%	62	+5
8	U.S. Bank, National Association	7(a)	44	$14.7M	3.5%	46	-2
9	State Bank of Southern Utah	7(a)	43	$14.8M	3.4%	48	-5
10	Community Banks of Colorado, A Division of NBH Bank	7(a)	42	$45.4M	3.3%	33	+9
11	KeyBank National Association	7(a)	41	$19.2M	3.3%	20	+21
12	Wells Fargo Bank National Association	7(a)	35	$10.8M	2.8%	32	+3
13	Live Oak Banking Company	7(a)	21	$32.3M	1.7%	15	+6
14	United Midwest Savings Bank National Association	7(a)	20	$4.1M	1.6%	11	+9
15	Celtic Bank Corporation	7(a)	17	$15.0M	1.4%	20	-3
16	T Bank, National Association	7(a)	15	$26.0M	1.2%	6	+9
17	Newtek Small Business Finance, Inc.	7(a)	14	$11.9M	1.1%	1	+13
18	Byline Bank	7(a)	13	$23.2M	1.0%	18	-5
19	First Utah Bank	7(a)	13	$21.1M	1.0%	15	-2
20	BMO Bank National Association	7(a)	13	$9.7M	1.0%	30	-17
21	Citizens Bank	7(a)	10	$9.8M	0.8%	6	+4
22	Brighton Bank	7(a)	10	$5.6M	0.8%	7	+3
23	Canyon View Federal Credit Union	7(a)	10	$3.3M	0.8%	17	-7
24	Readycap Lending, LLC	7(a)	9	$11.4M	0.7%	7	+2
25	FinWise Bank	7(a)	7	$11.0M	0.6%	2	+5
26	Continental Bank	7(a)	6	$6.2M	0.5%	7	-1
27	Glacier Bank	7(a)	6	$4.2M	0.5%	13	-7
28	Wasatch Peaks FCU	7(a)	6	$2.5M	0.5%	4	+2
29	Evolve Bank and Trust	7(a)	5	$8.2M	0.4%	0	new
30	Sunwest Bank	7(a)	5	$5.9M	0.4%	1	+4
31	JPMorgan Chase Bank, National Association	7(a)	5	$1.4M	0.4%	12	-7
32	Enterprise Bank & Trust	7(a)	4	$3.1M	0.3%	5	-1
33	The Huntington National Bank	7(a)	4	$1.3M	0.3%	3	+1
34	Peoples Bank	7(a)	3	$11.8M	0.2%	0	new
35	Bank Five Nine	7(a)	3	$3.8M	0.2%	1	+2
36	Columbia Bank	7(a)	3	$3.2M	0.2%	0	new
37	Capital Bank, National Association	7(a)	3	$2.0M	0.2%	1	+2
38	22nd State Bank, A Division of 22nd State Banking Company	7(a)	3	$1.7M	0.2%	0	new
39	Bank of America, National Association	7(a)	3	$1.3M	0.2%	0	new
40	Five Star Bank	7(a)	3	$925K	0.2%	4	-1

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2020	Change
1	Salt Lake County	458	$361M	36.4%	356	+102
2	Utah County	247	$178M	19.6%	265	-18
3	Davis County	119	$89.0M	9.5%	90	+29
4	Washington County	106	$66.3M	8.4%	92	+14
5	Weber County	71	$48.5M	5.6%	58	+13
6	Cache County	70	$54.7M	5.6%	36	+34
7	Iron County	36	$13.1M	2.9%	27	+9
8	Summit County	24	$26.6M	1.9%	23	+1
9	Wasatch County	17	$15.4M	1.4%	12	+5
10	Box Elder County	17	$9.7M	1.4%	10	+7
11	Uintah County	13	$11.2M	1.0%	18	-5
12	Duchesne County	13	$6.7M	1.0%	10	+3
13	Sevier County	9	$7.2M	0.7%	9	0
14	Millard County	9	$5.4M	0.7%	3	+6
15	Tooele County	7	$7.8M	0.6%	13	-6
16	Carbon County	6	$2.6M	0.5%	5	+1
17	Grand County	6	$3.8M	0.5%	3	+3
18	Garfield County	6	$7.1M	0.5%	6	0
19	Juab County	4	$3.5M	0.3%	4	0
20	Sanpete County	4	$2.8M	0.3%	5	-1
21	Kane County	4	$2.3M	0.3%	4	0
22	Emery County	3	$1.7M	0.2%	2	+1
23	Beaver County	2	—	0.2%	0	new
24	Rich County	2	—	0.2%	2	0
25	Morgan County	2	—	0.2%	0	new
26	Wayne County	2	—	0.2%	4	-2
27	San Juan County	2	—	0.2%	4	-2

FY2021 against FY2020

Utah	FY2021	FY2020
7(a) approvals	896	778
7(a) dollars	$618M	$420M
Median 7(a) approval	$316K	$225K
504 approvals	363	286
504 dollars	$313M	$205M
Jobs supported, as reported	16,168	13,040

Questions and answers

Which lenders made the most SBA loans in Utah in FY2021?

Mountain West Small Business Finance (295), Mountain America FCU (93), Zions Bank, A Division of (85), Central Bank (84), America First Federal Credit Union (78). 75 lenders had at least one approval.

How many SBA loans were approved in Utah in FY2021?

1,259: 896 under 7(a) worth $618M and 363 under 504 worth $313M.

Which Utah counties had the most SBA approvals in FY2021?

Salt Lake County (458), Utah County (247), Davis County (119), Washington County (106), Weber County (71).

When does FY2021 start and end?

The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.

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