States Served
Top Industries Financed
- Limited-Service Restaurants
- Full-Service Restaurants
- Snack and Nonalcoholic Beverage Bars
- Child Day Care Services
- Fitness and Recreational Sports Centers
Quick Summary
Milestone Bank is an SBA-approved lender headquartered in Salt Lake City, Utah. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 107 SBA 7(a) loans totaling $166.4M, with an average loan size of $1.6M. They serve businesses across 27 states.
About Milestone Bank
Milestone Bank is an SBA-approved lender headquartered in Salt Lake City, Utah. Since 2020, they have approved 107 SBA 7(a) loans totaling $166.4M, with an average loan size of $1.6M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 27 states.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is Milestone Bank an SBA Preferred Lender?
Yes, Milestone Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Milestone Bank approved?
According to SBA FOIA public records, Milestone Bank has approved 107 SBA 7(a) loans totaling $166.4M since 2020. Their average loan size is $1.6M.
What states does Milestone Bank serve?
Milestone Bank serves businesses in 27 states: Arkansas, Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kentucky, Massachusetts, Maryland, Michigan, Montana, New Hampshire, New Jersey, Nevada, Ohio, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington.
How do I apply for an SBA loan with Milestone Bank?
To apply for an SBA 7(a) loan with Milestone Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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