Utah · Mining & Energy
SBA loans for mining & energy in Utah
149 loans worth $41.3M approved since FY2010 for mining, quarrying, and oil and gas extraction projects located in Utah.
Loans
149
Approved
$41.3M
Median loan
$100,000
-56% vs sector nationally
Median rate
6.24%
Jobs supported
1,224
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.
Lenders
Who lends to mining & energy in Utah
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Zions Bank, A Division of | 53 | $11.6M | |
| Community Banks of Colorado, A Division of NBH Bank | 2 | $8.5M | |
| First Internet Bank of Indiana | 1 | $5.0M | |
| Mountain America FCU | 40 | $3.9M | |
| Central Bank | 4 | $2.2M | |
| State Bank of Southern Utah | 24 | $2.0M | |
| Mountain West Small Business Finance | 3 | $1.6M | |
| Wells Fargo Bank | 4 | $1.4M |
Detail
Which industries inside the sector
All SBA lending in Utah
21,595 loans across every sector.
Mining & Energy nationally
2,367 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to mining & energy businesses in Utah?
- 149 SBA loans totalling $41,292,100 have been approved for mining, quarrying, and oil and gas extraction projects in Utah since FY2010.
- Which lenders finance mining & energy in Utah?
- The most active by dollars approved are Zions Bank, A Division of, Community Banks of Colorado, A Division of NBH Bank, First Internet Bank of Indiana, Mountain America FCU. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for mining & energy in Utah?
- The median approval is $100,000, 56% below the national median for this sector ($227,300).
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