In fiscal years 2021–2026, 166 lenders made 5,807 SBA loans in Utah, totaling $3.0 billion. The average loan was $517,345, and 38% went to startups or businesses under two years old.
By program: 3,785 7(a) loans, 2,022 SBA Express and 0 504 (counting both the CDC and partner bank on each project).
Top 10 most active SBA lenders in Utah
| # | Lender | SBA loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | Zions Bank, A Division of Salt Lake City, UT | 841 | $232,137 | 38% | 7(a), Express |
| 2 | Mountain America FCU Sandy, UT | 731 | $384,216 | 35% | 7(a), Express |
| 3 | Central Bank Provo, UT | 436 | $401,170 | 43% | 7(a), Express |
| 4 | U.S. Bank, National Association Cincinnati, OH | 321 | $254,746 | 33% | 7(a), Express |
| 5 | America First Federal Credit Union Riverdale, UT | 257 | $918,353 | 44% | 7(a), Express |
| 6 | Cache Valley Bank Logan, UT | 241 | $382,776 | 44% | 7(a), Express |
| 7 | The Huntington National Bank Columbus, OH | 200 | $397,426 | 59% | 7(a), Express |
| 8 | Community Banks of Colorado, A Division of NBH Bank Greenwood Village, CO | 167 | $927,765 | 30% | 7(a), Express |
| 9 | Celtic Bank Corporation Salt Lake City, UT | 165 | $615,054 | 33% | 7(a), Express |
| 10 | Wells Fargo Bank National Association Sioux Falls, SD | 156 | $313,037 | 85% | 7(a), Express |
Lenders that fund the most startups in Utah
- Zions Bank, A Division of — 317 startup loans (38% of its loans)
- Mountain America FCU — 257 startup loans (35% of its loans)
- Central Bank — 186 startup loans (43% of its loans)
- Wells Fargo Bank National Association — 132 startup loans (85% of its loans)
- The Huntington National Bank — 118 startup loans (59% of its loans)
SBA loans by industry in Utah
- Construction829 loans
- Retail Stores646 loans
- Restaurants & Lodging594 loans
- Health Care578 loans
- Professional Services534 loans
- Personal Services & Repair531 loans
- Manufacturing469 loans
- Cleaning, Landscaping & Admin360 loans
- Trucking & Transportation265 loans
- Wholesale & Distribution262 loans
- Fitness & Entertainment230 loans
- Real Estate & Rental187 loans
- Education & Childcare114 loans
- Media & Technology50 loans
- Agriculture & Fishing28 loans
Related guides
Frequently asked questions
Which lenders make the most SBA loans in Utah?
Based on public SBA data for fiscal years 2021–2026, the most active were Zions Bank, A Division of, Mountain America FCU, Central Bank. Also compare their average loan size and how much they lend to startups.
How many SBA loans were made in Utah?
5,807 SBA loans totaling $3.0 billion in fiscal years 2021–2026, with an average of $517,345.
Can I get an SBA loan in Utah with a green card?
No. Since March 2026, all owners must be U.S. citizens or nationals for SBA 7(a) and 504 loans. CDFIs and some credit unions are good alternatives.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.