SBA loans in Utah, FY2022

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 FY2022 (1 October 2021 to 30 September 2022) SBA approved 1,132 loans in Utah: 762 under 7(a) and 370 under 504, worth $798M.

That is down 10% on FY2021, when there were 1,259 approvals worth $931M.

Utah accounted for 2.0% of the 56,932 approvals nationwide that year. 80 lenders had at least one approval in the state; Mountain West Small Business Finance had the most, 275.

1,132approvalsFY2021: 1,259

$798Mdollars approvedFY2021: $931M

$234Kmedian 7(a) approvalFY2021: $316K

80lenders with an approval

14,446jobs 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 FY2022, of 80 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2021	Change
1	Mountain West Small Business Finance	504	275	$260M	24.3%	295	-20
2	Mountain America FCU	7(a)	101	$53.9M	8.9%	93	+8
3	Central Bank	7(a)	88	$29.6M	7.8%	84	+4
4	Intermountain Business Lending, Inc.	504	75	$85.7M	6.6%	67	+8
5	Zions Bank, A Division of	7(a)	61	$27.7M	5.4%	85	-24
6	America First Federal Credit Union	7(a)	56	$47.7M	4.9%	78	-22
7	Cache Valley Bank	7(a)	45	$11.8M	4.0%	72	-27
8	U.S. Bank, National Association	7(a)	42	$2.9M	3.7%	44	-2
9	Community Banks of Colorado, A Division of NBH Bank	7(a)	34	$31.8M	3.0%	42	-8
10	State Bank of Southern Utah	7(a)	28	$5.9M	2.5%	43	-15
11	Wells Fargo Bank National Association	7(a)	26	$7.0M	2.3%	35	-9
12	Celtic Bank Corporation	7(a)	25	$21.6M	2.2%	17	+8
13	KeyBank National Association	7(a)	20	$9.8M	1.8%	41	-21
14	The Huntington National Bank	7(a)	19	$6.2M	1.7%	4	+15
15	B:Side Capital	504	14	$16.4M	1.2%	0	new
16	Readycap Lending, LLC	7(a)	12	$9.2M	1.1%	9	+3
17	Capital Community Bank	7(a)	12	$5.4M	1.1%	1	+11
18	Cyprus Federal Credit Union	7(a)	10	$1.4M	0.9%	1	+9
19	Live Oak Banking Company	7(a)	9	$10.6M	0.8%	21	-12
20	Newtek Small Business Finance, Inc.	7(a)	9	$5.9M	0.8%	14	-5
21	First Utah Bank	7(a)	8	$13.7M	0.7%	13	-5
22	Byline Bank	7(a)	8	$10.2M	0.7%	13	-5
23	Wasatch Peaks FCU	7(a)	8	$2.1M	0.7%	6	+2
24	BayFirst National Bank	7(a)	8	$994K	0.7%	3	+5
25	Citizens Bank	7(a)	7	$4.4M	0.6%	10	-3
26	JPMorgan Chase Bank, National Association	7(a)	7	$1.7M	0.6%	5	+2
27	T Bank, National Association	7(a)	6	$12.3M	0.5%	15	-9
28	MidFirst Bank	7(a)	6	$7.2M	0.5%	0	new
29	Brighton Bank	7(a)	6	$6.6M	0.5%	10	-4
30	Glacier Bank	7(a)	6	$2.0M	0.5%	6	0
31	United Midwest Savings Bank National Association	7(a)	6	$900K	0.5%	20	-14
32	BMO Bank National Association	7(a)	5	$4.6M	0.4%	13	-8
33	FinWise Bank	7(a)	5	$3.7M	0.4%	7	-2
34	Desert Rivers FCU	7(a)	5	$1.4M	0.4%	0	new
35	Gulf Coast Bank and Trust Company	7(a)	4	$5.3M	0.4%	1	+3
36	Enterprise Bank & Trust	7(a)	4	$4.0M	0.4%	4	0
37	Banterra Bank	7(a)	4	$3.2M	0.4%	0	new
38	Canyon View Federal Credit Union	7(a)	4	$2.3M	0.4%	10	-6
39	UMB Bank, National Association	7(a)	4	$1.7M	0.4%	2	+2
40	Grand Valley Bank	7(a)	4	$812K	0.4%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2021	Change
1	Salt Lake County	368	$267M	32.5%	458	-90
2	Utah County	273	$186M	24.1%	247	+26
3	Washington County	100	$74.6M	8.8%	106	-6
4	Davis County	94	$86.4M	8.3%	119	-25
5	Cache County	65	$35.2M	5.7%	70	-5
6	Weber County	55	$37.6M	4.9%	71	-16
7	Iron County	28	$14.3M	2.5%	36	-8
8	Uintah County	22	$6.5M	1.9%	13	+9
9	Tooele County	20	$7.5M	1.8%	7	+13
10	Summit County	12	$11.1M	1.1%	24	-12
11	Box Elder County	11	$4.2M	1.0%	17	-6
12	Duchesne County	10	$7.6M	0.9%	13	-3
13	Sevier County	9	$1.8M	0.8%	9	0
14	Wasatch County	9	$8.9M	0.8%	17	-8
15	Kane County	9	$6.5M	0.8%	4	+5
16	Grand County	8	$9.2M	0.7%	6	+2
17	Sanpete County	7	$4.1M	0.6%	4	+3
18	Carbon County	6	$6.8M	0.5%	6	0
19	Garfield County	5	$1.6M	0.4%	6	-1
20	San Juan County	4	$1.6M	0.4%	2	+2
21	Millard County	4	$3.6M	0.4%	9	-5
22	Beaver County	3	$4.2M	0.3%	2	+1
23	Rich County	3	$1.7M	0.3%	2	+1
24	Juab County	2	—	0.2%	4	-2
25	Wayne County	2	—	0.2%	2	0
26	Daggett County	2	—	0.2%	0	new
27	Morgan County	1	—	0.1%	2	-1

FY2022 against FY2021

Utah	FY2022	FY2021
7(a) approvals	762	896
7(a) dollars	$427M	$618M
Median 7(a) approval	$234K	$316K
504 approvals	370	363
504 dollars	$371M	$313M
Jobs supported, as reported	14,446	16,168

Questions and answers

Which lenders made the most SBA loans in Utah in FY2022?

Mountain West Small Business Finance (275), Mountain America FCU (101), Central Bank (88), Intermountain Business Lending, Inc. (75), Zions Bank, A Division of (61). 80 lenders had at least one approval.

How many SBA loans were approved in Utah in FY2022?

1,132: 762 under 7(a) worth $427M and 370 under 504 worth $371M.

Which Utah counties had the most SBA approvals in FY2022?

Salt Lake County (368), Utah County (273), Washington County (100), Davis County (94), Cache County (65).

When does FY2022 start and end?

The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.

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