25 SBA loans worth $20.0M went to businesses in Magna, UT between October 2021 and June 2026, from 15 lenders. Mountain America FCU made the most, 6 loans. The median loan was $205,000, compared with $267,150 across Utah, and health care and social assistance was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Mountain America FCU Credit union · Sandy, UT | 6 | $6.2M | $177,100 | 33% |
| 2 | America First Federal Credit Union Credit union · Riverdale, UT | 3 | $5.1M | $856,000 | 67% |
| 3 | Live Oak Banking Bank · Wilmington, NC | 2 | $2.0M | $1,006,250 | 50% |
| 4 | UMB Bank Bank · Kansas City, MO | 2 | $230K | $115,000 | 100% |
| 5 | Zions Bank, A Division of Bank · Salt Lake City, UT | 2 | $146K | $73,000 | 100% |
| 6 | Mountain West Small Business Finance Certified development company · Salt Lake City, UT | 1 | $3.5M | $3,544,000 | 100% |
| 7 | Byline Bank Bank · Chicago, IL | 1 | $810K | $810,000 | 0% |
| 8 | Customers Bank Bank · Malvern, PA | 1 | $688K | $688,500 | 100% |
| 9 | Community Banks of Colorado, A Division of NBH Bank Bank · Greenwood Village, CO | 1 | $674K | $674,000 | 100% |
| 10 | Bancorp Bank Bank · Sioux Falls, SD | 1 | $329K | $328,900 | 100% |
| 11 | Canyon View Federal Credit Union Credit union · Salt Lake City, UT | 1 | $100K | $100,000 | 100% |
| 12 | Bank of Commerce Bank · Ammon, ID | 1 | $98K | $98,000 | 100% |
| 13 | KeyBank Bank · Cleveland, OH | 1 | $50K | $50,000 | 0% |
| 14 | Cyprus Federal Credit Union Credit union · West Jordan, UT | 1 | $40K | $40,000 | 100% |
| 15 | U.S. Bank Bank · Cincinnati, OH | 1 | $25K | $25,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 5 | $205,000 | UMB Bank | |
| Restaurants and hotels | 4 | $681,250 | Mountain America FCU | |
| Administrative and support services | 3 | $328,900 | America First Federal Credit Union | |
| Construction | 3 | $50,000 | Mountain America FCU | |
| Manufacturing | 2 | $1,882,500 | Mountain America FCU | |
| Retail | 2 | $1,003,750 | Live Oak Banking | |
| Other services (repair, personal care) | 2 | $76,600 | Mountain America FCU | |
| Real estate and rental | 1 | $173,600 | America First Federal Credit Union |