SBA Lenders in Utah
Top lenders ranked by real SBA lending data. See who's most active in Utah across deal count, loan size, and pricing.
What Borrowers Should Know
Utah's median 7(a) loan spread of P+2.43% is 32 basis points lower than the national median of P+2.75%, meaning borrowers here pay measurably less interest on SBA loans. With 3,967 total deals across 175 active lenders, this competitive pricing likely reflects strong lender competition in the state—particularly from the top 5 lenders who account for a significant share of the deal volume.
The average deal size of $446,791 in Utah is notably smaller than the SBA 7(a) program maximum of $5 million, suggesting the typical Utah borrower is financing modest growth or working capital needs rather than major capital acquisitions. This pattern indicates a market dominated by early-stage or smaller established businesses—useful context for lenders assessing risk profile and repayment capacity.
Zions Bank dominates Utah's SBA lending with 581 deals—nearly 15% of all deals in the state—while the next four lenders each hold 170–474 deals. This concentration means borrowers have a genuine choice among well-capitalized competitors, but also that Zions' pricing and terms likely set the market standard. Shopping multiple lenders (especially the top 5) is critical to confirm you're getting Utah's competitive advantage.
Total SBA Loans
3,967
Active Lenders
141
Avg Deal Size
$447K
Total Volume
$1.8B
Top 10 Lenders in Utah
Ranked by total deal count across all SBA programs.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Zions Bank, A Division of | Bank | 653 | $195K | P + 2.25%GOOD | |
| 2 | Mountain West Small Business F | CDC/504 | 474 | $674K | — | |
| 3 | Mountain America FCU | Bank | 392 | $323K | P + 1.02%COMPETITIVE | |
| 4 | U.S. Bank, National Association | Bank | 242 | $154K | P + 1.54%GOOD | |
| 5 | Intermountain Business Lending | CDC/504 | 170 | $626K | — | |
| 6 | Central Bank | Bank | 147 | $320K | P + 2.25%GOOD | |
| 7 | Wells Fargo Bank National Association | Bank | 145 | $290K | P + 2.85%ABOVE AVG | |
| 8 | State Bank of Southern Utah | Bank | 142 | $257K | P + 2.00%GOOD | |
| 9 | Cache Valley Bank | Bank | 142 | $507K | P + 2.00%GOOD | |
| 10 | Glacier Bank | Bank | 137 | $526K | P + 2.50%AVERAGE |
Top Industries in Utah
SBA lending activity by industry segment.