6,124 SBA loans worth $3.7B went to Utah businesses between October 2021 and June 2026, from 166 lenders. Zions Bank, A Division of made the most 7(a) loans, 756 or 15% of the state's total, and the ten most active lenders made 60%. The median 7(a) loan was $182,700, above the national median of $158,000. Construction was the most financed industry, at 14% of loans. Annual loan count rose 41% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | Zions Bank, A Division of Bank · Salt Lake City, UT | 756 | $167.3M | $100,000 | 38% | Construction |
| 2 | Mountain America FCU Credit union · Sandy, UT | 638 | $230.3M | $50,000 | 34% | Construction |
| 3 | Central Bank Bank · Provo, UT | 352 | $142.1M | $249,000 | 44% | Construction |
| 4 | U.S. Bank Bank · Cincinnati, OH | 277 | $67.0M | $43,000 | 34% | Construction |
| 5 | Huntington National Bank Bank · Columbus, OH | 196 | $78.2M | $280,750 | 60% | Construction |
| 6 | America First Federal Credit Union Credit union · Riverdale, UT | 179 | $172.6M | $505,800 | 42% | Restaurants and hotels |
| 7 | Cache Valley Bank Bank · Logan, UT | 169 | $47.7M | $157,000 | 47% | Construction |
| 8 | Celtic Bank Bank · Salt Lake City, UT | 148 | $86.5M | $279,750 | 32% | Retail |
| 9 | Community Banks of Colorado, A Division of NBH Bank Bank · Greenwood Village, CO | 125 | $109.5M | $500,000 | 30% | Restaurants and hotels |
| 10 | Wells Fargo Bank Bank · Sioux Falls, SD | 121 | $38.1M | $25,000 | 82% | Construction |
| 11 | Newtek Bank Bank · Miami, FL | 119 | $53.2M | $250,000 | 17% | Health care and social assistance |
| 12 | Northeast Bank Bank · Portland, ME | 116 | $20.6M | $150,000 | 9% | Construction |
| 13 | State Bank of Southern Utah Bank · Cedar City, UT | 104 | $24.5M | $150,000 | 42% | Construction |
| 14 | KeyBank Bank · Cleveland, OH | 100 | $49.3M | $50,000 | 68% | Construction |
| 15 | BayFirst National Bank Bank · St. Petersburg, FL | 100 | $14.3M | $150,000 | 2% | Professional and technical services |
| 16 | Live Oak Banking Bank · Wilmington, NC | 98 | $136.2M | $915,000 | 26% | Health care and social assistance |
| 17 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 87 | $32.4M | $144,000 | 11% | Professional and technical services |
| 18 | Capital Community Bank Bank · Provo, UT | 83 | $55.4M | $376,000 | 22% | Manufacturing |
| 19 | First Utah Bank Bank · Salt Lake City, UT | 80 | $85.8M | $300,000 | 28% | Restaurants and hotels |
| 20 | Canyon View Federal Credit Union Credit union · Salt Lake City, UT | 78 | $17.8M | $100,000 | 44% | Retail |
| 21 | JPMorgan Chase Bank Bank · Columbus, OH | 67 | $21.6M | $200,000 | 9% | Construction |
| 22 | Bank of Utah Bank · Ogden, UT | 62 | $57.7M | $362,500 | 45% | Restaurants and hotels |
| 23 | United Midwest Savings Bank Bank · Degraff, OH | 54 | $12.6M | $150,000 | 94% | Construction |
| 24 | Northwest Bank Bank · Boise, ID | 49 | $43.6M | $500,000 | 33% | Restaurants and hotels |
| 25 | Citizens Bank Bank · Elizabethton, TN | 45 | $31.6M | $500,000 | 56% | Restaurants and hotels |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Mountain West Small Business Finance Salt Lake City, UT | 866 | $937.1M | $725,500 |
| 2 | Intermountain Business Lending Ogden, UT | 240 | $262.8M | $687,500 |
| 3 | B:Side Capital Denver, CO | 72 | $76.1M | $766,500 |
| 4 | Capital Matrix Boise, ID | 15 | $22.4M | $1,272,000 |
| 5 | Mortgage Capital Development Oakland, CA | 4 | $6.6M | $1,711,500 |
| 6 | East-Central Idaho Development Rexburg, ID | 2 | $2.5M | $1,227,000 |
| 7 | Evergreen Business Capital Seattle, WA | 1 | $1.8M | $1,754,000 |
| 8 | Eastern Idaho Development Pocatello, ID | 1 | $2.1M | $2,069,000 |
| 9 | CDC Small Business Finance San Diego, CA | 1 | $759K | $759,000 |
| 10 | Region IV Development Twin Falls, ID | 1 | $1.5M | $1,468,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 877 | $200,000 | Mountain America FCU | |
| Retail | 695 | $331,000 | Mountain West Small Business Finance | |
| Health care and social assistance | 655 | $315,000 | Mountain West Small Business Finance | |
| Restaurants and hotels | 642 | $375,850 | Mountain West Small Business Finance | |
| Other services (repair, personal care) | 590 | $250,350 | Mountain West Small Business Finance | |
| Professional and technical services | 535 | $210,000 | Mountain West Small Business Finance | |
| Manufacturing | 500 | $400,000 | Mountain West Small Business Finance | |
| Administrative and support services | 342 | $188,950 | Zions Bank, A Division of | |
| Wholesale trade | 259 | $250,000 | Zions Bank, A Division of | |
| Arts, entertainment and recreation | 230 | $300,000 | Zions Bank, A Division of | |
| Transportation and warehousing | 229 | $150,000 | Zions Bank, A Division of | |
| Real estate and rental | 216 | $247,000 | Mountain West Small Business Finance |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Salt Lake City | 1,010 | $626.0M | $295,500 | Mountain West Small Business Finance |
| Ogden | 315 | $202.0M | $300,000 | Mountain West Small Business Finance |
| St. George | 307 | $188.3M | $257,000 | Zions Bank, A Division of |
| Orem | 229 | $131.2M | $350,000 | Mountain West Small Business Finance |
| Sandy | 213 | $115.9M | $270,000 | Mountain America FCU |
| Lehi | 199 | $124.5M | $253,000 | Zions Bank, A Division of |
| South Jordan | 179 | $133.9M | $340,000 | Mountain West Small Business Finance |
| West Jordan | 164 | $79.0M | $200,000 | Mountain America FCU |
| Provo | 160 | $95.3M | $254,750 | Mountain West Small Business Finance |
| Logan | 149 | $79.2M | $232,700 | Mountain West Small Business Finance |
| West Valley City | 148 | $120.2M | $350,000 | Mountain America FCU |
| American Fork | 141 | $94.9M | $300,000 | Mountain West Small Business Finance |
| Draper | 136 | $120.8M | $341,000 | Mountain West Small Business Finance |
| Riverton | 125 | $75.0M | $300,000 | Mountain West Small Business Finance |
| Layton | 125 | $63.3M | $286,500 | Zions Bank, A Division of |
47 Utah cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.