SBA lending by state
SBA Lending in Utah
In Utah, SBA lenders funded 21,263 7(a) and 504 loans since FY2010, totaling $9.8B, an average of $463K per loan. The most active lender is Zions Bank, A Division of, and the most-funded industry is Health Care and Social Assistance.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in Utah
Ranked by SBA loans funded in Utah since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its Utah loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in Utah shows “not reported,” never 0%.
See the full Utah ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | 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% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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504 lenders (CDCs) in Utah
An SBA 504 project in Utah pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in Utah, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Mountain West Small Business Finance | 2,982 | $2.4B |
| Intermountain Business Lending, Inc. | 927 | $679.9M |
| B:Side Capital | 60 | $65.7M |
| Capital Matrix, Inc. | 17 | $25.0M |
| Region IV Development Corporation | 3 | $5.0M |
| Eastern Idaho Development Corporation | 3 | $4.6M |
| East-Central Idaho Development Company | 3 | $2.1M |
| Nevada State Development Corporation | 1 | $2.6M |
| Evergreen Business Capital | 1 | $1.8M |
| Arizona Capital Source | 1 | $1.7M |
Showing the 10 CDCs most active on 504 loans in Utah; the full directory lists every CDC.
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in Utah
| Industry | Loans | Total volume |
|---|---|---|
| Health Care and Social Assistance | 2,388 | $1.3B |
| Accommodation and Food Services | 2,005 | $1.3B |
| Retail Trade | 2,603 | $1.2B |
| Manufacturing | 1,990 | $1.2B |
| Construction | 2,613 | $955.7M |
| Professional and Technical Services | 2,093 | $737.2M |
| Other Services | 1,859 | $684.9M |
| Wholesale Trade | 947 | $524.1M |
Top cities for SBA loans in Utah
Where SBA 7(a) and 504 borrowers in Utah are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Salt Lake City | 3,148 | $1.5B |
| Orem | 791 | $374.2M |
| Ogden | 772 | $365.5M |
| Draper | 529 | $333.2M |
| Sandy | 805 | $306.5M |
| South Jordan | 549 | $289.6M |
| West Jordan | 587 | $287.5M |
| Provo | 610 | $264.2M |
SBA lending by metro area in Utah
Which lenders fund each Utah market, with local loan sizes and industries.
- SBA lenders in Salt Lake City, UT 8,155 loans
- SBA lenders in Provo, UT 4,393 loans
- SBA lenders in Ogden, UT 3,179 loans
- SBA lenders in St. George, UT 1,475 loans
- SBA lenders in Logan, UT 914 loans
- SBA lenders in Heber, UT 769 loans
- SBA lenders in Cedar City, UT 483 loans
- SBA lenders in Vernal, UT 378 loans
- SBA lenders in Brigham City, UT 319 loans
- SBA lenders in Evanston, WY 118 loans
- SBA lenders in Price, UT 86 loans
SBA lending in Utah by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 1,442 | $271.3M |
| 2011 | 1,553 | $434.4M |
| 2012 | 1,373 | $361.1M |
| 2013 | 1,292 | $407.0M |
| 2014 | 1,250 | $480.0M |
| 2015 | 1,375 | $539.8M |
| 2016 | 1,312 | $580.4M |
| 2017 | 1,285 | $593.0M |
| 2018 | 1,233 | $609.2M |
| 2019 | 1,021 | $507.5M |
| 2020 | 1,065 | $626.0M |
| 2021 | 1,258 | $928.5M |
| 2022 | 1,132 | $796.7M |
| 2023 | 1,136 | $685.3M |
| 2024 | 1,337 | $727.4M |
| 2025 | 1,596 | $924.3M |
| 2026 | 603 | $369.6M |
SBA lending in Utah: frequently asked questions
How much SBA lending is there in Utah?
SBA lenders funded 21,263 7(a) and 504 loans totaling $9.8B in Utah in the public SBA data (as of 2026-03-31), an average of $463K per loan.
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 data, by loans funded.
What industries get the most SBA loans in Utah?
The most-funded industry for SBA loans in Utah is Health Care and Social Assistance.
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