SBA lending by metro area
SBA lenders in Salt Lake City, UT
Which lenders fund Salt Lake City-area businesses, how much, and how the market compares with Utah: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Salt Lake City area
Ranked by SBA volume funded to businesses located in the Salt Lake City metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Mountain West Small Business Finance | 1,067 | $869.2M | $815K | 3.70% |
| 2 | Zions Bank, A Division of | 1,392 | $254.7M | $183K | 4.02% |
| 3 | Mountain America FCU | 765 | $232.8M | $304K | 1.96% |
| 4 | Intermountain Business Lending, Inc. | 316 | $228.0M | $722K | not reported |
| 5 | First Utah Bank | 250 | $185.5M | $742K | 2.00% |
| 6 | Celtic Bank Corporation | 300 | $174.8M | $583K | 6.67% |
| 7 | U.S. Bank, National Association | 497 | $164.5M | $331K | 5.03% |
| 8 | Wells Fargo Bank National Association | 419 | $146.7M | $350K | 8.35% |
| 9 | Live Oak Banking Company | 90 | $134.1M | $1.5M | 1.11% |
| 10 | JPMorgan Chase Bank, National Association | 360 | $121.4M | $337K | 4.44% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Salt Lake City compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Salt Lake City area | $200K ▲ 7.0% | 17.0% ▼ 1.9 pts |
| Utah | $187K | 18.9% |
| United States | $179K | 11.2% |
What gets funded in Salt Lake City
| Industry | Loans | Total funded |
|---|---|---|
| Health Care and Social Assistance | 995 | $585.4M |
| Manufacturing | 749 | $504.1M |
| Accommodation and Food Services | 719 | $431.9M |
| Retail Trade | 901 | $419.6M |
| Construction | 998 | $407.3M |
| Professional and Technical Services | 899 | $321.2M |
| Other Services | 722 | $318.4M |
| Wholesale Trade | 454 | $292.1M |
SBA lending in Salt Lake City by year
Geography, precisely
"Salt Lake City area" here means the Salt Lake City-Murray, UT metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Salt Lake County, UT; Tooele County, UT. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.