SBA loans in Utah, FY2025

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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 1,593 loans in Utah: 1,343 under 7(a) and 250 under 504, worth $921M.

That is up 19% on FY2024, when there were 1,334 approvals worth $723M.

Utah accounted for 1.9% of the 84,840 approvals nationwide that year. 103 lenders had at least one approval in the state; Zions Bank, A Division of had the most, 264.

1,593approvalsFY2024: 1,334

$921Mdollars approvedFY2024: $723M

$150Kmedian 7(a) approvalFY2024: $150K

103lenders with an approval

16,426jobs 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 FY2025, of 103 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2024	Change
1	Zions Bank, A Division of	7(a)	264	$40.5M	16.6%	184	+80
2	Mountain West Small Business Finance	504	182	$233M	11.4%	133	+49
3	Mountain America FCU	7(a)	164	$44.7M	10.3%	169	-5
4	U.S. Bank, National Association	7(a)	74	$28.9M	4.6%	65	+9
5	Northeast Bank	7(a)	74	$16.1M	4.6%	20	+54
6	Central Bank	7(a)	69	$26.6M	4.3%	69	0
7	The Huntington National Bank	7(a)	59	$33.6M	3.7%	47	+12
8	Newtek Bank, National Association	7(a)	49	$24.7M	3.1%	34	+15
9	Intermountain Business Lending, Inc.	504	46	$47.9M	2.9%	31	+15
10	Celtic Bank Corporation	7(a)	42	$26.9M	2.6%	21	+21
11	America First Federal Credit Union	7(a)	34	$34.3M	2.1%	32	+2
12	Live Oak Banking Company	7(a)	30	$42.1M	1.9%	25	+5
13	Canyon View Federal Credit Union	7(a)	30	$4.9M	1.9%	28	+2
14	Cache Valley Bank	7(a)	28	$12.7M	1.8%	30	-2
15	Wells Fargo Bank National Association	7(a)	27	$8.0M	1.7%	32	-5
16	BayFirst National Bank	7(a)	26	$3.6M	1.6%	39	-13
17	Capital Community Bank	7(a)	25	$18.4M	1.6%	7	+18
18	KeyBank National Association	7(a)	23	$10.3M	1.4%	28	-5
19	First Utah Bank	7(a)	22	$21.8M	1.4%	25	-3
20	Readycap Lending, LLC	7(a)	21	$9.6M	1.3%	27	-6
21	JPMorgan Chase Bank, National Association	7(a)	19	$4.8M	1.2%	22	-3
22	State Bank of Southern Utah	7(a)	18	$3.5M	1.1%	21	-3
23	Community Banks of Colorado, A Division of NBH Bank	7(a)	17	$11.2M	1.1%	30	-13
24	Northwest Bank	7(a)	16	$10.2M	1.0%	13	+3
25	Bank of Utah	7(a)	15	$21.1M	0.9%	19	-4
26	Citizens Bank	7(a)	15	$15.8M	0.9%	12	+3
27	Lendistry SBLC, LLC	7(a)	13	$3.0M	0.8%	6	+7
28	Capital Matrix, Inc.	504	10	$14.4M	0.6%	2	+8
29	B:Side Capital	504	9	$9.9M	0.6%	15	-6
30	UMB Bank, National Association	7(a)	9	$8.3M	0.6%	8	+1
31	United Midwest Savings Bank National Association	7(a)	9	$1.6M	0.6%	17	-8
32	First Bank of the Lake	7(a)	8	$5.2M	0.5%	6	+2
33	First Internet Bank of Indiana	7(a)	7	$17.4M	0.4%	4	+3
34	Montana Community Development Corp.	7(a)	7	$679K	0.4%	9	-2
35	Gulf Coast Bank and Trust Company	7(a)	6	$8.0M	0.4%	2	+4
36	Byline Bank	7(a)	5	$9.2M	0.3%	8	-3
37	Enterprise Bank & Trust	7(a)	5	$4.4M	0.3%	0	new
38	Wasatch Peaks FCU	7(a)	5	$811K	0.3%	3	+2
39	Colony Bank	7(a)	5	$692K	0.3%	4	+1
40	WaFd Bank	7(a)	5	$75K	0.3%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2024	Change
1	Salt Lake County	569	$362M	35.7%	522	+47
2	Utah County	345	$191M	21.7%	278	+67
3	Davis County	154	$76.2M	9.7%	108	+46
4	Washington County	144	$78.9M	9.0%	111	+33
5	Weber County	99	$59.0M	6.2%	85	+14
6	Cache County	62	$38.9M	3.9%	51	+11
7	Summit County	33	$19.4M	2.1%	23	+10
8	Iron County	31	$9.9M	1.9%	27	+4
9	Tooele County	24	$13.3M	1.5%	20	+4
10	Uintah County	18	$9.1M	1.1%	13	+5
11	Wasatch County	18	$6.8M	1.1%	10	+8
12	Box Elder County	18	$3.7M	1.1%	19	-1
13	Sanpete County	15	$3.9M	0.9%	6	+9
14	Sevier County	10	$4.6M	0.6%	9	+1
15	Duchesne County	10	$10.7M	0.6%	8	+2
16	Carbon County	8	$1.9M	0.5%	5	+3
17	Juab County	6	$2.7M	0.4%	5	+1
18	San Juan County	5	$1.9M	0.3%	8	-3
19	Grand County	4	$7.5M	0.3%	9	-5
20	Emery County	4	$2.0M	0.3%	2	+2
21	Kane County	3	$5.1M	0.2%	2	+1
22	Wayne County	3	$1.6M	0.2%	0	new
23	Garfield County	3	$292K	0.2%	4	-1
24	Beaver County	2	—	0.1%	0	new
25	Morgan County	2	—	0.1%	5	-3
26	Millard County	2	—	0.1%	2	0
27	Rich County	1	—	0.1%	2	-1

FY2025 against FY2024

Utah	FY2025	FY2024
7(a) approvals	1,343	1,153
7(a) dollars	$611M	$540M
Median 7(a) approval	$150K	$150K
504 approvals	250	181
504 dollars	$310M	$182M
Jobs supported, as reported	16,426	16,345

Questions and answers

Which lenders made the most SBA loans in Utah in FY2025?

Zions Bank, A Division of (264), Mountain West Small Business Finance (182), Mountain America FCU (164), U.S. Bank, National Association (74), Northeast Bank (74). 103 lenders had at least one approval.

How many SBA loans were approved in Utah in FY2025?

1,593: 1,343 under 7(a) worth $611M and 250 under 504 worth $310M.

Which Utah counties had the most SBA approvals in FY2025?

Salt Lake County (569), Utah County (345), Davis County (154), Washington County (144), Weber County (99).

When does FY2025 start and end?

The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.

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