1,013 SBA loans worth $627.6M went to businesses in Salt Lake City, UT between October 2021 and June 2026, from 86 lenders. Mountain West Small Business Finance made the most, 123 loans. The median loan was $295,000, compared with $267,150 across Utah, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Mountain West Small Business Finance Certified development company · Salt Lake City, UT | 123 | $115.0M | $660,000 | 7% |
| 2 | Zions Bank, A Division of Bank · Salt Lake City, UT | 121 | $25.1M | $100,000 | 38% |
| 3 | Mountain America FCU Credit union · Sandy, UT | 113 | $53.1M | $77,700 | 22% |
| 4 | U.S. Bank Bank · Cincinnati, OH | 51 | $12.5M | $50,000 | 31% |
| 5 | America First Federal Credit Union Credit union · Riverdale, UT | 43 | $39.8M | $448,400 | 40% |
| 6 | Huntington National Bank Bank · Columbus, OH | 42 | $20.8M | $350,000 | 55% |
| 7 | Celtic Bank Bank · Salt Lake City, UT | 40 | $18.3M | $150,000 | 18% |
| 8 | Intermountain Business Lending Certified development company · Ogden, UT | 38 | $32.1M | $611,000 | 5% |
| 9 | Central Bank Bank · Provo, UT | 33 | $12.4M | $250,000 | 48% |
| 10 | Canyon View Federal Credit Union Credit union · Salt Lake City, UT | 33 | $8.1M | $100,000 | 27% |
| 11 | First Utah Bank Bank · Salt Lake City, UT | 32 | $26.2M | $275,000 | 34% |
| 12 | BayFirst National Bank Bank · St. Petersburg, FL | 22 | $3.4M | $150,000 | 0% |
| 13 | Wells Fargo Bank Bank · Sioux Falls, SD | 21 | $7.4M | $352,000 | 71% |
| 14 | KeyBank Bank · Cleveland, OH | 20 | $10.3M | $225,000 | 45% |
| 15 | Live Oak Banking Bank · Wilmington, NC | 18 | $32.9M | $1,515,000 | 6% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 136 | $276,500 | Mountain America FCU | |
| Health care and social assistance | 127 | $267,000 | Mountain West Small Business Finance | |
| Retail | 120 | $277,500 | Mountain America FCU | |
| Professional and technical services | 111 | $250,000 | Mountain West Small Business Finance | |
| Restaurants and hotels | 111 | $356,000 | Mountain America FCU | |
| Other services (repair, personal care) | 97 | $296,000 | Zions Bank, A Division of | |
| Manufacturing | 68 | $350,650 | Zions Bank, A Division of | |
| Wholesale trade | 53 | $300,000 | Zions Bank, A Division of |