Utah SBA lending, from federal loan records
SBA Lenders Actively Funding Businesses in Utah
Since FY2020, 176 lenders have funded 7,647 SBA loans worth $4.8B for businesses in Utah. Borrowers reported 89,475 jobs supported by those loans. Below is who actually writes them, how big they run, and which Utah businesses get funded.
Most active SBA lenders in Utah
Ranked by loans funded for Utah projects since FY2020, not by advertising budget. A lender headquartered elsewhere that funds heavily in Utah beats a local name that rarely writes SBA loans.
504 loans are written by Certified Development Companies alongside a bank first mortgage. The 504 file reports no interest rate, so CDC rows show none.
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Start your funding profile →How big Utah SBA loans run
Share of Utah 7(a) loans by approval size, next to the national split. If your ask sits in a common band, it is the kind of loan lenders here fund every week.
| 7(a) loan size | UT | US |
|---|---|---|
| Under $150K | 37.9% | 40.4% |
| $150K to $500K | 34.6% | 31.9% |
| $500K to $1M | 13.4% | 12.9% |
| $1M and up | 14.1% | 14.9% |
Who gets funded in Utah
Business age on Utah 7(a) loans. 9.5% funded a change of ownership, against 11.1% nationally. Buying a business? See the acquisition lender shortlist. Starting one? See startup-friendly lenders.
| Business stage | UT | US |
|---|---|---|
| Established, more than 2 years | 53.3% | 55.2% |
| New, 2 years or less | 20.4% | 16.9% |
| Startup, loan opens the business | 16.8% | 16.8% |
| Change of ownership (buying a business) | 9.5% | 11.1% |
Industries Utah SBA lenders fund most
Share of all Utah SBA loans by industry, and how that compares with the national mix.
| Industry | UT loans | Share | Compared with US |
|---|---|---|---|
| Construction | 1,067 | 14% | in line with national |
| Retail | 872 | 11.4% | in line with national |
| Healthcare | 856 | 11.2% | in line with national |
| Restaurants and hotels | 757 | 9.9% | 0.8x the national share |
| Personal and repair services | 716 | 9.4% | in line with national |
| Professional services | 695 | 9.1% | in line with national |
| Manufacturing | 657 | 8.6% | 1.3x the national share |
| Business support services | 401 | 5.2% | in line with national |
The most common specific business types funded in Utah: full-service restaurants (212), limited-service restaurants (167), offices of dentists (154), all other specialty trade contractors (146), fitness and recreational sports centers (144), landscaping services (143).
Where in Utah the loans go
| County | SBA loans since FY2020 | Share of state |
|---|---|---|
| Salt Lake | 2,714 | 35% |
| Utah | 1,670 | 22% |
| Davis | 672 | 9% |
| Washington | 661 | 9% |
| Weber | 442 | 6% |
| Cache | 326 | 4% |
| Iron | 177 | 2% |
| Summit | 143 | 2% |
7(a) or 504 in Utah
23% of Utah SBA loans are 504 loans, against 12% nationally. A 504 loan funds owner-occupied real estate or major equipment, with a median of $646K here. A 7(a) loan covers almost anything else, including working capital and buying a business. The busiest 504 lenders in Utah:
- Mountain West Small Business Finance: 1,316 504 loans, median $639K
- Intermountain Business Lending, Inc.: 340 504 loans, median $634K
- B:Side Capital: 69 504 loans, median $754K
- Capital Matrix, Inc.: 15 504 loans, median $1.3M
Utah SBA lending by year
| Fiscal year | 7(a) loans | 504 loans | Dollars |
|---|---|---|---|
| FY2020 | 687 | 269 | $560M |
| FY2021 | 817 | 334 | $845M |
| FY2022 | 679 | 340 | $723M |
| FY2023 | 822 | 211 | $625M |
| FY2024 | 1,028 | 178 | $655M |
| FY2025 | 1,161 | 247 | $834M |
| FY2026 (through June 30, 2026) | 692 | 182 | $565M |
The SBA fiscal year runs October through September.
Free SBA help in Utah
Before you apply, these offices help with loan packaging and lender questions at no cost.
- SBA Utah District Office. 125 S. State St., Suite 2227, Salt Lake City, UT 84138. Phone 801-524-3209. The SBA office for Utah: lender lists, program questions and local events.
- Utah Small Business Development Center (SBDC). A statewide network of no-cost business advising centers, hosted by Utah State University since 2016. Useful for loan packaging, projections and cash-flow prep before you apply.
- SCORE Utah. Free one-on-one mentoring from volunteer business owners and executives, serving the whole state.
Contact details verified October 24, 2026.
Common questions
Who is the most active SBA lender in Utah?
By funded loans since FY2020, Mountain West Small Business Finance leads Utah with 1,337 loans through the 504 program. The most active 7(a) lender is Zions Bank, with 864.
How big is a typical SBA loan in Utah?
The median 7(a) loan in Utah is $200K, and the middle half runs from $70K to $510K. The median 504 loan is $646K. Nationally the 7(a) median is $200K.
What interest rate do Utah SBA borrowers get?
The median starting rate on Utah 7(a) loans since FY2020 is 9%, against 9.25% nationally. 91% of those loans carry a variable rate, which moves with the prime rate.
Can a startup get an SBA loan in Utah?
Yes. 37% of Utah 7(a) loans with a reported business age went to startups or businesses two years old or younger, against 34% nationally. Lenders still expect a solid plan, owner equity and usually collateral.
Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records, FY2020 through June 30, 2026, for projects located in Utah. Cancelled approvals are excluded. Jobs supported are as reported by borrowers. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.