41 SBA loans worth $25.1M went to businesses in Farmington, UT between October 2021 and June 2026, from 22 lenders. BayFirst National Bank made the most, 5 loans. The median loan was $178,000, compared with $267,150 across Utah, and professional and technical services was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | BayFirst National Bank Bank · St. Petersburg, FL | 5 | $627K | $146,000 | 0% |
| 2 | Mountain America FCU Credit union · Sandy, UT | 4 | $533K | $50,000 | 75% |
| 3 | Mountain West Small Business Finance Certified development company · Salt Lake City, UT | 3 | $7.9M | $2,525,000 | 0% |
| 4 | Intermountain Business Lending Certified development company · Ogden, UT | 3 | $4.5M | $1,009,000 | 33% |
| 5 | Zions Bank, A Division of Bank · Salt Lake City, UT | 3 | $1.0M | $437,200 | 33% |
| 6 | Huntington National Bank Bank · Columbus, OH | 3 | $900K | $350,000 | 67% |
| 7 | Northeast Bank Bank · Portland, ME | 3 | $700K | $150,000 | 0% |
| 8 | Community Banks of Colorado, A Division of NBH Bank Bank · Greenwood Village, CO | 2 | $1.1M | $543,600 | 50% |
| 9 | Heritage Bank Bank · Burlington, KY | 2 | $248K | $124,000 | 0% |
| 10 | Live Oak Banking Bank · Wilmington, NC | 1 | $3.8M | $3,825,000 | 0% |
| 11 | Truliant FCU Credit union · Winston-Salem, NC | 1 | $1.2M | $1,250,000 | 0% |
| 12 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $682K | $682,400 | 0% |
| 13 | Newtek Bank Bank · Miami, FL | 1 | $320K | $320,000 | 0% |
| 14 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 1 | $300K | $300,000 | 0% |
| 15 | First Bank of the Lake Bank · Osage Beach, MO | 1 | $251K | $251,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Professional and technical services | 7 | $150,000 | Mountain America FCU | |
| Transportation and warehousing | 7 | $146,000 | BayFirst National Bank | |
| Wholesale trade | 5 | $250,000 | Mountain West Small Business Finance | |
| Other services (repair, personal care) | 5 | $150,000 | Huntington National Bank | |
| Health care and social assistance | 3 | $1,009,000 | Live Oak Banking | |
| Restaurants and hotels | 3 | $413,000 | Mountain America FCU | |
| Construction | 3 | $251,000 | United Midwest Savings Bank | |
| Education | 3 | $350,000 | Huntington National Bank |