Top SBA Lenders in Utah -

SBA loans play a crucial role in providing financial assistance to entrepreneurs and small business owners. For those in Utah seeking SBA loans, understanding the key players in the lending landscape is essential. Here’s a breakdown of the top SBA lenders in Utah based on the number of loans, average loan amount, and average interest rates.

Utah Preferred SBA Lenders

Rank	Bank	Bank HQ	# of Loans	Avg Loan	Avg Interest
1	Mountain America FCU	Sandy, UT	90	$390,407	7.9%
2	Central Bank	Provo, UT	79	$359,857	6.7%
3	Zions Bank	Salt Lake City, UT	69	$490,777	7.3%
4	U.S. Bank	Cincinnati, OH	66	$139,367	7.2%
5	Cache Valley Bank	Logan, UT	42	$294,248	6.2%
6	America First FCU	Riverdale, UT	38	$1,205,242	6.1%
7	Community Banks of Colorado	Greenwood Village, CO	28	$998,775	6.9%
8	Celtic Bank	Salt Lake City, UT	24	$708,471	7.8%
9	Wells Fargo	Sioux Falls, SD	22	$277,964	8.6%
10	State Bank of Southern Utah	Cedar City, UT	21	$210,867	5.8%
11	KeyBank	Cleveland, OH	15	$525,507	7.3%
12	BayFirst National Bank	Saint Petersburg, FL	14	$145,600	8.8%
13	Capital Community Bank	Provo, UT	12	$604,442	7.3%
14	Readycap Lending, LLC	Berkeley Heights, NJ	12	$741,392	7.8%
15	United Midwest Savings Bank	De Graff, OH	10	$150,000	6.9%
16	BancorpSouth Bank	Tupelo, MS	9	$271,111	7.8%
17	Cyprus FCU	West Jordan, UT	9	$138,100	6.9%
18	First Utah Bank	Salt Lake City, UT	9	$1,610,078	6.7%
19	JPMorgan Chase Bank	Columbus, OH	9	$330,267	6.7%
20	Live Oak	Wilmington, NC	8	$1,077,500	7.3%
21	The Huntington National Bank	Columbus, OH	8	$494,500	7.1%
22	T Bank	Dallas, TX	7	$1,877,714	6.6%
23	Citizens Bank	Elizabethton, TN	6	$650,233	5.7%
24	Meadows Bank	Las Vegas, NV	6	$648,417	5.5%
25	University First FCU	Salt Lake City, UT	6	$212,467	7.5%
26	Wasatch Peaks FCU	Ogden, UT	6	$322,000	6.4%
27	BMO Harris Bank	Chicago, IL	5	$1,006,420	7.5%
28	MidFirst Bank	Oklahoma City, OK	5	$1,383,840	5.2%
29	Byline Bank	Chicago, IL	4	$1,060,500	6.9%
30	Enterprise Bank & Trust	Clayton, MO	4	$738,050	6.3%
31	FinWise Bank	Sandy, UT	4	$860,750	6.1%
32	Glacier Bank	Kalispell, MT	4	$279,500	6.8%
33	Gulf Coast Bank and Trust	New Orleans, LA	4	$1,332,250	6.9%
34	Newtek Small Business Finance	Lake Success, NY	4	$280,750	8.6%
35	UMB Bank	Kansas City, MO	4	$415,475	4.9%
36	Brighton Bank	Salt Lake City, UT	3	$329,133	7.0%
37	Evolve Bank and Trust	West Memphis, AR	3	$1,151,733	9.1%
38	Northwest Bank	Boise, ID	3	$1,087,000	8.2%

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Top Industries for SBA loans in Utah

Rank	Industry	# of Loans	Avg Loan	Avg Interest
1	Limited-Service Restaurants	27	$525,885	6.6%
2	Full-Service Restaurants	22	$789,932	7.5%
3	General Freight Trucking, Long Distance, Truckload	20	$208,000	6.8%
4	All Other Specialty Trade Contractors	18	$371,067	7.1%
5	General Freight Trucking, Local	16	$328,931	7.0%
6	Other Personal Care Services	15	$152,540	7.1%
7	Fitness and Recreational Sports Centers	15	$341,933	7.9%
8	Landscaping Services	14	$366,100	7.0%
9	Residential Remodelers	11	$104,382	7.9%
10	Snack and Nonalcoholic Beverage Bars	11	$492,973	6.9%
11	Offices of Real Estate Agents and Brokers	10	$315,140	7.0%
12	Beauty Salons	9	$373,078	7.0%
13	Hotels (except Casino Hotels) and Motels	9	$1,749,822	6.2%
14	Flooring Contractors	8	$605,625	7.1%
15	Child Day Care Services	8	$883,500	6.5%
16	Site Preparation Contractors	8	$480,775	7.2%
17	Poured Concrete Foundation and Structure Contractors	8	$619,938	6.6%
18	Offices of Dentists	8	$568,338	5.9%
19	Plumbing, Heating, and Air-Conditioning Contractors	8	$154,038	9.4%
20	All Other Amusement and Recreation Industries	7	$1,384,671	7.2%
21	Painting and Wall Covering Contractors	7	$153,614	7.3%
22	Insurance Agencies and Brokerages	7	$431,171	6.6%
23	Electrical Contractors	7	$634,829	8.1%
24	Commercial and Institutional Building Construction	7	$574,571	8.3%
25	Offices of Chiropractors	7	$640,186	7.5%
26	General Automotive Repair	7	$451,600	7.2%
27	Residential Property Managers	6	$328,650	6.7%
28	Pet Care (except Veterinary) Services	6	$564,950	9.0%
29	Marketing Consulting Services	6	$505,333	6.4%
30	Machine Shops	6	$1,061,817	6.7%
31	New Single-Family Housing Construction (except Operative Builders)	6	$172,017	9.0%
32	Janitorial Services	6	$249,000	6.8%
33	Finish Carpentry Contractors	6	$158,000	6.6%
34	All Other Professional, Scientific, and Technical Services	6	$1,070,150	6.0%
35	Other Commercial and Industrial Machinery and Equipment Rental and Lea	5	$409,200	5.6%
36	Other Building Finishing Contractors	5	$137,000	9.4%
37	Sporting Goods Stores	5	$289,160	6.7%
38	All Other Personal Services	5	$662,660	7.2%
39	Lessors of Nonresidential Buildings (except Miniwarehouses)	5	$578,440	5.0%
40	Commercial Gravure Printing	5	$447,640	6.4%

Top SBA Loan Franchises in Utah

Rank	FranchiseName	# of Loans	Avg Loan	Avg Interest
1	Bee Hive Homes	3	$1,611,800	5.3%
2	Scooter’s Coffee	2	$881,600	6.9%
3	1-800-PLUMBER	2	$150,000	9.0%
4	Furry Land	2	$371,000	10.6%
5	Comfort Inn	2	$3,231,250	4.9%
6	Garage Force	2	$150,000	6.0%
7	Anytime Fitness	2	$495,300	7.9%
8	Generator Supercenter	2	$250,000	6.3%
9	Garage Living	2	$150,000	6.8%
10	Window Genie	2	$150,000	6.8%

Top Utah SBA Loan Borrowers by Jobs Supported

Rank	Business	Location	Industry	Loan Size	Interest Rate	Jobs
1	DEVCO FOODS HOLDING LLC	Riverton, UT	Limited-Service Restaurants	$1M – $2.5M	8.8%	205
2	EATON ALLIANCE INC.	Midvale, UT	Services for the Elderly and Persons with Disabilities	$250K or less	6.4%	196
3	DELSCO NORTHWEST INC	Myton, UT	Support Activities for Oil and Gas Operations	$2.5M – $5M	7.5%	166
4	Q2 INVESTMENTS LLC	Lindon, UT	Toy and Hobby Goods and Supplies Merchant Wholesalers	$1M – $2.5M	9.3%	157
5	JEFF DUMAS CONCRETE CONSTRUCTI	West Jordan, UT	Poured Concrete Foundation and Structure Contractors	$2.5M – $5M	7.0%	150
6	LUNETA HOME LOANS LLC	South Jordan, UT	Mortgage and Nonmortgage Loan Brokers	$250K or less	6.8%	147
7	TAZUERIA 27 INC.	Taylorsville, UT	Full-Service Restaurants	$2.5M – $5M	7.0%	137
8	HOME CARE OF NORTHERN UTAH LL	Layton, UT	Home Health Care Services	$1M – $2.5M	5.5%	117
9	HWS STAFFING LLC	Orem, UT	Temporary Help Services	$250K – $500K	7.8%	100
10	NICOHA LLC	Lehi, UT	Commercial and Institutional Building Construction	$1M – $2.5M	6.0%	93
11	SMART RAIN SYSTEMS LLC	Centerville, UT	Site Preparation Contractors	$2.5M – $5M	5.0%	92
12	QUALITY BUILDING MAINTENANCE	Kaysville, UT	Janitorial Services	$250K or less	6.0%	89
13	ARRIVED LOGISTICS LLC	Springville, UT	Local Messengers and Local Delivery	$250K or less	8.5%	85
14	FUZION SWIM 1 LLC	Orem, UT	Sports and Recreation Instruction	$2.5M – $5M	7.0%	81
15	PIZZA VOLTA	Salt Lake City, UT	Full-Service Restaurants	$250K or less	6.8%	80
16	GOLDEN HALO LLC	Taylorsville, UT	Full-Service Restaurants	$1M – $2.5M	5.5%	80
17	SKYVIEW HOLDINGS COMPANY LLC	Springville, UT	Glass and Glazing Contractors	$2.5M – $5M	5.8%	74
18	PAC FOODS LLC	Salt Lake City, UT	Limited-Service Restaurants	$1M – $2.5M	8.3%	70
19	J MAN GROUP LLC	Salt Lake City, UT	Limited-Service Restaurants	$250K or less	6.8%	68
20	J MAN GROUP LLC	Logan, UT	Limited-Service Restaurants	$250K – $500K	6.8%	68
21	J MAN GROUP LLC	Spanish Fork, UT	Limited-Service Restaurants	$250K – $500K	6.8%	68
22	ROOT’D CAFE LLC	Riverton, UT	Full-Service Restaurants	$250K or less	6.5%	67
23	WILKERSON INDUSTRIES LLC	Provo, UT	All Other Miscellaneous Crop Farming	$250K or less	6.0%	66
24	KONGO SPORTS	Farmington, UT	Fitness and Recreational Sports Centers	$500K – $1M	7.3%	66
25	HYDROJUG INC.	Ogden, UT	Other Metal Container Manufacturing	$500K – $1M	9.0%	65
26	TORO DESIGN & MANUFACTURING LL	Hildale, UT	All Other Miscellaneous Fabricated Metal Product Manufacturing	$500K – $1M	6.8%	61
27	MONSON EYE ASSOCIATES PLLC	Logan, UT	Offices of Optometrists	$250K – $500K	5.9%	60
28	MOUNTAIN WEST CORRAL INC	Layton, UT	Cafeterias, Grill Buffets, and Buffets	$250K – $500K	7.5%	60
29	BE VENTURES LLC	Bountiful, UT	Snack and Nonalcoholic Beverage Bars	$1M – $2.5M	5.5%	58
30	SPACEMATES UTAH LLC	Logan, UT	Limited-Service Restaurants	$500K – $1M	8.3%	56
31	PRODIGY BREWING LLC	Logan, UT	Breweries	$250K – $500K	5.3%	55
32	CLIMB CONCRETE LLC	Pleasant Grove, UT	Poured Concrete Foundation and Structure Contractors	$250K – $500K	8.0%	55
33	HEAVY STONE RINGS LLC	Vineyard, UT	Jewelry and Silverware Manufacturing	$1M – $2.5M	5.3%	55
34	HL SWIM CLUB III LLC	Salt Lake City, UT	Sports and Recreation Instruction	$500K – $1M	8.0%	52
35	PROHIBITION MANAGEMENT LLC	Murray, UT	Drinking Places (Alcoholic Beverages)	$500K – $1M	6.8%	52
36	SS RET HOLDINGS LLC	St George, UT	Full-Service Restaurants	$1M – $2.5M	6.0%	50
37	LOVERIDGE MACHINE & TOOL INC.	Millcreek, UT	Machine Shops	$2.5M – $5M	6.8%	50
38	NUVO RESIDENTIAL LLC	Clearfield, UT		$2.5M – $5M	4.5%	48
39	I.T. NOW INC.	Pleasant Grove, UT	Computer Systems Design Services	$1M – $2.5M	5.3%	47
40	HAYDEN FAMILY LLC	Riverton, UT	Limited-Service Restaurants	$250K – $500K	6.0%	45
41	C & B STRIPING LLC	Brigham City, UT	Highway, Street, and Bridge Construction	$500K – $1M	8.9%	44
42	CLINICAL CONSULTANTS LLC	West Jordan, UT	Outpatient Mental Health and Substance Abuse Centers	$250K or less	10.0%	43
43	W&W MOBILE PET GROOMING LLC	Draper, UT	Pet Care (except Veterinary) Services	$250K – $500K	10.6%	42
44	CHIPMAN CONSTRUCTION L.L.C.	Midvale, UT	Roofing Contractors	$250K or less	10.0%	40
45	THE BRUNCH HOUSE LLC	Lindon, UT	Full-Service Restaurants	$250K or less	5.3%	40
46	OSH CUT INC.	Orem, UT	Iron and Steel Pipe and Tube Manufacturing from Purchased Steel	$250K – $500K	8.0%	40
47	EXCEL CABINETS & COUNTERTOPS	Salt Lake City, UT	Other Building Finishing Contractors	$500K – $1M	6.8%	40
48	BEAR VALLEY PRECISION CASTING	Parowan, UT	Nonferrous Metal Die-Casting Foundries	$500K – $1M	5.8%	40
49	SMF HOLDINGS LLC	Layton, UT	Full-Service Restaurants	$500K – $1M	8.3%	39
50	ROCKY MOUNTAIN LIGHTING AND CO	Salt Lake City, UT	Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip	$1M – $2.5M	8.8%	37
51	PRO EXCAVATING AND GRADING	Saratoga Springs, UT	Site Preparation Contractors	$250K or less	8.7%	36
52	STUDIO E11EVEN LLC	Kaysville, UT	Beauty Salons	$250K or less	6.3%	36
53	CONTRACT TESTING LABORATORIES	Spanish Fork, UT	Testing Laboratories	$250K or less	4.4%	36
54	KIDS & CO. CHILDCARE INC.	Tooele, UT	Child Day Care Services	$250K – $500K	7.3%	36
55	GREEN IGUANA MEXICAN RESTAURAN	Saint George, UT	Full-Service Restaurants	$500K – $1M	6.3%	36
56	CORNERSTONE AVIATION INC.	Salt Lake City, UT	Other Support Activities for Air Transportation	$500K – $1M	6.0%	36
57	UTAH 59 LLC	Hildale, UT	All Other Miscellaneous Fabricated Metal Product Manufacturing	$250K – $500K	7.5%	35
58	CODING CAMPUS LLC	Salt Lake City, UT	Computer Training	$500K – $1M	9.0%	35
59	ART CITY BRONZE LLC	Springville, UT	Nonferrous Forging	$500K – $1M	9.0%	35
60	CYCLING RESOURCES INC.	Moab, UT	All Other Amusement and Recreation Industries	$2.5M – $5M	7.3%	35
61	KEPLER FARE INC.	Kaysville, UT	Limited-Service Restaurants	$500K – $1M	5.3%	34
62	MENA GROUP LLC	Salt Lake City, UT	Other Miscellaneous Durable Goods Merchant Wholesalers	$1M – $2.5M	7.3%	34
63	BCC COFFEE LLC	Saratoga Springs, UT	Snack and Nonalcoholic Beverage Bars	$250K or less	5.5%	33
64	SPRING WORKS UTAH INC	Woods Cross, UT	Spring Manufacturing	$250K – $500K	4.0%	33
65	BEUS LANDSCAPE INC.	Ogden, UT	Landscaping Services	$1M – $2.5M	6.3%	33
66	LYLE W. WILLIAMS CO. INC.	Salt Lake City, UT	Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip	$2.5M – $5M	6.5%	33
67	SILVER PEAK CONSTRUCTION LLC	Springville, UT	New Single-Family Housing Construction (except Operative Builders)	$250K or less	11.5%	32
68	RF QUALITY CONSTRUCTION LLC	West Jordan, UT	Residential Remodelers	$250K or less	6.0%	32
69	SANTAQUIN FIIZ LLC	Santaquin, UT	Snack and Nonalcoholic Beverage Bars	$250K or less	6.5%	32
70	THE BURGER BARN LLC	Garden City, UT	Limited-Service Restaurants	$250K or less	5.0%	32
71	WASATCH MOUNTAIN TOURING CO.	Salt Lake City, UT	Sporting Goods Stores	$250K – $500K	6.9%	32
72	UTAH SKI GEAR L.L.C.	Sandy, UT	Sporting Goods Stores	$250K – $500K	7.8%	32
73	SWEET TASTINGS LLC	Tooele, UT	Retail Bakeries	$250K – $500K	5.3%	32
74	SALON DE LA PAZ LLC	Salem, UT	Beauty Salons	$250K or less	5.8%	31
75	UPTOWN DAWG LOUNGE LLC	Heber City, UT	Pet Care (except Veterinary) Services	$250K or less	9.8%	30
76	JDVPROVO LLC	Provo, UT	Limited-Service Restaurants	$250K – $500K	6.5%	30
77	STARKS FUNERAL PARLOR INC.	Salt Lake City, UT	Lessors of Nonresidential Buildings (except Miniwarehouses)	$250K – $500K	4.8%	30
78	SHARE MY HEALTH INC.	Salt Lake City, UT	Cable Networks	$500K – $1M	8.4%	30
79	GOLF ENTERTAINMENT VENTURES –	Riverton, UT	All Other Amusement and Recreation Industries	$1M – $2.5M	8.3%	30
80	SEO WERKZ LLC	Riverton, UT	Advertising Agencies	$2.5M – $5M	6.0%	30
81	HMH CONSULTING INC	Lehi, UT	Other Individual and Family Services	$2.5M – $5M	7.3%	30
82	TKO INVESTMENT GROUP LLC	Lehi, UT	Ice Cream and Frozen Dessert Manufacturing	$500K – $1M	8.8%	29
83	ENOCH COMMUNITY PHARMACY PC	Enoch, UT		$250K or less	9.5%	28
84	UMAMI LLC	Vineyard, UT	Full-Service Restaurants	$250K – $500K	6.3%	26
85	CHEN & LIN INVESTMENT LLC	Orem, UT	Full-Service Restaurants	$1M – $2.5M	5.3%	26
86	BOUNTIFUL LOGISTICS AND TRANSP	North Salt Lake, UT	General Freight Trucking, Local	$1M – $2.5M	7.5%	26
87	NAVIMO LLC	Saint George, UT	Limited-Service Restaurants	$1M – $2.5M	5.0%	26
88	GO FOR GREENS LLC	Sandy, UT	Limited-Service Restaurants	$500K – $1M	6.8%	25
89	TANGO PAINTING LLC	Sandy, UT	Painting and Wall Covering Contractors	$250K or less	6.5%	24
90	INSPIRE SPORTS LLC	Eagle Mountain, UT	Fitness and Recreational Sports Centers	$250K or less	9.3%	24
91	ACADEMY WEST INC.	West Jordan, UT	Sports and Recreation Instruction	$1M – $2.5M	6.3%	24
92	HEE HAW FARMS LLC	Pleasant Grove, UT	All Other Amusement and Recreation Industries	$2.5M – $5M	6.3%	24
93	SIKOTARMAA LLC	Ogden, UT	Hotels (except Casino Hotels) and Motels	$2.5M – $5M	4.5%	24
94	WALDO D. GALAN & ASSOCIATES I	Cedar City, UT	Beauty Salons	$250K or less	5.5%	23
95	UTAH CONCRETE INC.	Payson, UT	Poured Concrete Foundation and Structure Contractors	$250K – $500K	8.3%	23
96	GINES AUTO SERVICE INC	Kearns, UT	General Automotive Repair	$250K or less	8.2%	22
97	HIDDEN SPRINGS RV RESORT LLC	St. George, UT	RV (Recreational Vehicle) Parks and Campgrounds	$250K – $500K	8.5%	22
98	FRANKIE & ESSL’S BREAKFAST LL	Salt Lake City, UT	Limited-Service Restaurants	$250K – $500K	5.8%	22
99	DISCOVERY KIDS ACADEMY OF ST G	Saint George, UT	Child Day Care Services	$1M – $2.5M	7.6%	22
100	TMC UTAH LLC	Sandy, UT	Cosmetology and Barber Schools	$2.5M – $5M	8.3%	22

Note about SBA lenders near me in Utah

When it comes to top Utah SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Utah preferred lender list, 2) approved lenders in Utah, or 3) active participants in the Utah SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Utah swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Utah, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.

It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.

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