SBA data · Utah
SBA lending in Utah
21,595 loans worth $10.05B have been approved for Utah projects since FY2010 - the #17 state by SBA dollars, 2.0% of the national total.
State rank
#17
by dollars approved
Approved
$10.05B
FY2010 onward
Loans
21,595
Median loan
$190,000
+6% vs national
Median 7(a) rate
7.00%
Jobs supported
253,366
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in Utah
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in UT | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Mountain West Small Business Finance | $2.43B | 3,096 | $784,966 | |
| 2 | Intermountain Business Lending, Inc. | $693.3M | 942 | $735,983 | |
| 3 | Zions Bank, A Division of | $690.7M | 4,105 | $168,246 | |
| 4 | Mountain America FCU | $488.4M | 1,831 | $266,755 | |
| 5 | Community Banks of Colorado, A Division of NBH Bank | $398.6M | 434 | $918,329 | |
| 6 | America First Federal Credit Union | $366.5M | 656 | $558,748 | |
| 7 | Wells Fargo Bank | $340.8M | 1,038 | $328,334 | |
| 8 | Celtic Bank Corporation | $340.3M | 565 | $602,248 | |
| 9 | Live Oak Banking Company | $314.9M | 237 | $1,328,631 | |
| 10 | U.S. Bank | $274.9M | 974 | $282,232 | |
| 11 | First Utah Bank | $265.6M | 326 | $814,827 | |
| 12 | Central Bank | $256.3M | 852 | $300,803 |
By sector in Utah
- Health Care2,420 · $1.33B
- Restaurants & Hotels2,044 · $1.29B
- Construction2,651 · $982.6M
- Retail1,588 · $789.8M
- Professional Services2,133 · $758.8M
- Other Services1,889 · $709.6M
- Wholesale959 · $542.1M
- Real Estate774 · $485.3M
- Administrative & Waste1,133 · $358.5M
- Arts & Recreation584 · $317.4M
- Manufacturing435 · $238.7M
- Transportation895 · $226.4M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in Utah. The final bar is a partial fiscal year.
Loan sizes in Utah
- Under $50K21%
- $50K - $150K21%
- $150K - $350K23%
- $350K - $1M22%
- $1M - $2M8%
- Over $2M5%
SBA lending in Utah: common questions
- How many SBA loans are approved in Utah?
- 21,595 SBA 7(a) and 504 loans totalling $10,050,169,100 have been approved for projects in Utah since fiscal year 2010, ranking it #17 among states and territories by dollars approved - 2.0% of all SBA lending nationally.
- Which lenders make the most SBA loans in Utah?
- By dollars approved in Utah, the most active lenders are Mountain West Small Business Finance, Intermountain Business Lending, Inc., Zions Bank, A Division of, Mountain America FCU, Community Banks of Colorado, A Division of NBH Bank. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in Utah?
- The median gross approval in Utah is $190,000, 6% above the national median of $180,000. Half of all loans in the state fall between $24,500 and $1,200,000.
- Do I need to use a lender based in Utah?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Utah, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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