Best SBA lenders
Best SBA lenders in Utah
The most active SBA lenders in Utah, ranked from every 7(a) and 504 loan in the SBA's public record, FY2010-2026. Zions Bank, A Division of leads with 4,062 loans funded.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026, as of 2026-03-31
Top SBA lenders in Utah
The full Utah ranking, by SBA loans funded since FY2010. Every figure is in-state: each lender's loans, dollars, average loan size, and 7(a) charge-off rate cover its Utah lending only, not its national book. A charge-off rate appears only when a lender has at least 20 funded 7(a) loans in Utah; below that line, and on 504-only lending, it reads “not reported,” never 0%.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Zions Bank, A Division of | 4,062 | $683.5M | $168K | 3.79% |
| 2 | Mountain West Small Business Finance | 3,052 | $2.4B | $780K | 2.86% |
| 3 | Mountain America FCU | 1,803 | $483.2M | $268K | 1.83% |
| 4 | Wells Fargo Bank National Association | 1,039 | $340.0M | $327K | 6.83% |
| 5 | U.S. Bank, National Association | 957 | $272.1M | $284K | 4.60% |
| 6 | Intermountain Business Lending, Inc. | 927 | $679.9M | $733K | not reported |
| 7 | Central Bank | 828 | $246.1M | $297K | 1.45% |
| 8 | JPMorgan Chase Bank, National Association | 704 | $217.5M | $309K | 3.41% |
| 9 | State Bank of Southern Utah | 568 | $95.6M | $168K | 1.06% |
| 10 | Celtic Bank Corporation | 553 | $334.4M | $605K | 5.97% |
| 11 | Glacier Bank | 546 | $246.3M | $451K | 3.30% |
| 12 | America First FCU | 535 | $271.2M | $507K | 0.75% |
| 13 | Community Banks of Colorado, A Division of NBH Bank | 435 | $398.5M | $916K | 0.69% |
| 14 | Cache Valley Bank | 430 | $160.7M | $374K | 2.33% |
| 15 | KeyBank National Association | 402 | $175.7M | $437K | 1.99% |
| 16 | Canyon View Federal Credit Union | 354 | $66.9M | $189K | 3.67% |
| 17 | First Utah Bank | 317 | $251.1M | $792K | 1.26% |
| 18 | Live Oak Banking Company | 232 | $311.5M | $1.3M | 0.86% |
| 19 | Bank of Utah | 213 | $184.2M | $865K | 0.94% |
| 20 | The Huntington National Bank | 205 | $83.3M | $406K | 0.98% |
| 21 | BMO Bank National Association | 191 | $114.8M | $601K | 0.52% |
| 22 | BayFirst National Bank | 154 | $26.0M | $169K | 7.79% |
| 23 | Wasatch Peaks FCU | 124 | $16.3M | $132K | 1.61% |
| 24 | Northeast Bank | 120 | $22.4M | $186K | 1.67% |
| 25 | Meadows Bank | 119 | $91.5M | $769K | 0.84% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
7(a) banks vs 504 lenders (CDCs) in Utah
The two SBA programs have different lenders. A 7(a) loan comes from one bank or credit union; a 504 project pairs a bank with a Certified Development Company (CDC), the nonprofit that funds the SBA-backed portion. The leaders in Utah by each program's loans funded since FY2010:
- 1. Zions Bank, A Division of 4,062 loans
- 2. Mountain America FCU 1,803 loans
- 3. Wells Fargo Bank National Association 1,039 loans
- 4. U.S. Bank, National Association 957 loans
- 5. Central Bank 828 loans
- 1. Mountain West Small Business Finance 2,982 loans
- 2. Intermountain Business Lending, Inc. 927 loans
- 3. B:Side Capital 60 loans
- 4. Capital Matrix, Inc. 17 loans
- 5. SBA CLSC Servicing 10 loans
Counts are each program's funded loans in Utah. How the two programs differ: 504 vs 7(a), by the data.
Where SBA lending concentrates in Utah
The 3 industries with the most SBA loans in Utah since FY2010, and the most active lender in each. A lender that leads your industry locally can matter more than the overall #1.
| Industry | Loans | Total funded | Most active lender |
|---|---|---|---|
| Construction | 2,613 | $955.7M | Zions Bank, A Division of (502 loans) |
| Retail Trade | 2,603 | $1.2B | Zions Bank, A Division of (404 loans) |
| Health Care and Social Assistance | 2,388 | $1.3B | Mountain West Small Business Finance (502 loans) |
Full industry, city, and yearly breakdowns: SBA lending in Utah.
How this ranking works
- “Most active” means loans funded. The ranking counts every SBA 7(a) and 504 loan funded to Utah businesses in the SBA's public FOIA record, FY2010–2026, as of 2026-03-31. No lender pays to appear or to rank, and activity is not a fit score: the right lender for you depends on your industry, loan size, and timeline.
- The 10-loan line. A lender enters the Utah table only with at least 10 loans funded in-state, so one-off activity never reads as a track record. Industry cells above are held to at least 30 loans.
- Charge-off is 7(a)-only and needs 20+ loans. The SBA reports charge-offs on 7(a) loans, never on 504 loans. We show an in-state rate only when a lender has at least 20 funded 7(a) loans in Utah; anything thinner reads “not reported,” never 0%. It is a charge-off share of funded loans to date, not a lifetime default rate.
- Name collisions are excluded, and counted. The SBA does not normalize lender names across mergers and rebrands, so one name can blend several unrelated institutions. Flagged names are never ranked on this page; each exclusion is disclosed under the table.
The exact calculations and limits: methodology.
Best SBA lenders in Utah: frequently asked questions
Who is the most active SBA lender in Utah?
Zions Bank, A Division of is the most active SBA lender in Utah in the public record, with 4,062 7(a) and 504 loans funded since FY2010 ($683.5M in Utah). The ranking counts loans funded, never who pays us.
Do these lenders only serve Utah?
No. The ranking measures activity in Utah: loans funded to Utah businesses in the SBA's record. Many of these lenders are national or multi-state institutions; the loans, dollars, and charge-off figures shown are their Utah lending only.
What's the difference between a 7(a) lender and a CDC?
A 7(a) lender is a bank or credit union that funds an SBA-guaranteed loan directly. A Certified Development Company (CDC) is a nonprofit that funds the SBA-backed portion of a 504 project alongside a bank. Charge-off is reported only on 7(a) loans, so a 504-only CDC shows "not reported," never 0%.
How many SBA lenders are active in Utah?
76 lenders have funded at least 10 SBA loans in Utah since FY2010 in the public record (as of 2026-03-31). The table above names the 25 most active of them; names that blend several same-named institutions are excluded from rankings.
Mario Bailey. (2026). Best SBA lenders in Utah. SBA Loan Index. https://sbaloanindex.com/best-sba-lenders/in/ut/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
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