Utah
Top SBA lenders in Salt Lake City
Businesses in the Salt Lake City area have received $1.5B across 3,145 approved SBA 7(a) & 504 loans (FY2010–present). Here are the lenders that funded the most, by real approval volume.
| # | Lender | SBA approvals in Salt Lake City | Rating |
|---|---|---|---|
| 1 | Mountain West Small Business Finance | $231M | 5.0(11) |
| 2 | Zions Bank, A Division of | $156M | 2.4(67) |
| 3 | Mountain America FCU | $114M | 3.7(152) |
| 4 | First Utah Bank | $91M | 4.8(53) |
| 5 | KeyBank National Association | $88M | 5.0(2) |
| 6 | U.S. Bank, National Association | $86M | 2.1(31) |
| 7 | JPMorgan Chase Bank, National Association | $80M | 4.3(144) |
| 8 | Celtic Bank Corporation | $73M | 4.1(348) |
| 9 | Wells Fargo Bank National Association | $68M | 3.0(23) |
| 10 | Glacier Bank | $53M | 3.7(49) |
| 11 | Live Oak Banking Company | $46M | 3.4(145) |
| 12 | America First FCU | $46M | 4.7(298) |
| 13 | Cache Valley Bank | $45M | 3.9(32) |
| 14 | Meadows Bank | $44M | 3.9(23) |
| 15 | Bank of Utah | $43M | 4.7(81) |
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present), by borrower project location. See all Utah SBA lenders →
SBA lenders in Salt Lake City — common questions
Which SBA lender is most active in Salt Lake City?
Mountain West Small Business Finance has approved the most SBA 7(a) & 504 funding for Salt Lake City-area businesses — $231M in total. The full ranking of the most active lenders is on this page, sourced from public SBA FOIA loan-approval records.
How much SBA funding have Salt Lake City businesses received?
Businesses in the Salt Lake City area have received $1.5B across 3,145 approved SBA 7(a) & 504 loans since FY2010, based on public SBA FOIA loan-approval records by borrower project location.
Do I have to use an SBA lender based in Salt Lake City?
No. SBA loans are federal, so a national or out-of-state lender can fund your Salt Lake City business — national SBA lenders like Live Oak Bank and Newtek lend in all 50 states. A local lender helps most when your deal needs site visits or local market knowledge.
How are the top Salt Lake City SBA lenders ranked?
By total gross SBA loan approvals to borrowers in the Salt Lake City area, from the U.S. SBA's public FOIA 7(a) & 504 data (FY2010–present) — real approval volume, not advertising.
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