SBA Lenders in Utah
30 active SBA lenders · 12,553 loans approved · $7.8B total volume
All SBA Lenders in Utah
| Lender | City | Loans | Total Volume | Avg Loan | Preferred |
|---|---|---|---|---|---|
| Celtic Bank Corporation | SALT LAKE CITY | 5,139 | $3.6B | $703K | ⭐ |
| Zions Bank, A Division of | SALT LAKE CITY | 3,092 | $975.2M | $315K | ⭐ |
| Mountain America FCU | SANDY | 1,065 | $408.8M | $384K | ⭐ |
| FinWise Bank | SANDY | 645 | $798.5M | $1.2M | ⭐ |
| America First FCU | RIVERDALE | 531 | $505.3M | $952K | ⭐ |
| Central Bank | PROVO | 468 | $172.4M | $368K | ⭐ |
| LendingClub Bank, National Association | LEHI | 378 | $490.2M | $1.3M | ⭐ |
| Cache Valley Bank | LOGAN | 313 | $122.7M | $392K | ⭐ |
| State Bank of Southern Utah | CEDAR CITY | 190 | $50.3M | $265K | — |
| First Utah Bank | SALT LAKE CITY | 120 | $170.4M | $1.4M | ⭐ |
| Milestone Bank | Salt Lake City | 107 | $166.4M | $1.6M | ⭐ |
| Canyon View Federal Credit Union | Salt Lake City | 97 | $19.4M | $200K | ⭐ |
| Capital Community Bank | PROVO | 95 | $75.0M | $790K | ⭐ |
| Sunwest Bank | Sandy | 86 | $114.9M | $1.3M | ⭐ |
| Bank of Utah | OGDEN | 42 | $40.1M | $954K | ⭐ |
| Brighton Bank | Salt Lake City | 35 | $24.4M | $698K | ⭐ |
| Cyprus Federal Credit Union | West Jordan | 33 | $3.4M | $103K | — |
| Wasatch Peaks FCU | OGDEN | 32 | $8.0M | $251K | ⭐ |
| Mountain West Small Business Finance | Salt Lake City | 26 | $4.7M | $179K | ⭐ |
| Continental Bank | SALT LAKE CITY | 16 | $17.4M | $1.1M | ⭐ |
| Redemption Bank | Salt Lake City | 8 | $7.7M | $957K | — |
| Utah First FCU | Salt Lake City | 7 | $2.3M | $326K | ⭐ |
| Grand Valley Bank | HEBER CITY | 7 | $1.7M | $238K | — |
| American United FCU | WEST JORDAN | 5 | $1.1M | $228K | — |
| Goldenwest Federal Credit Union | Washington Terrace | 5 | $3.1M | $613K | ⭐ |
| Desert Rivers FCU | MOAB | 5 | $1.4M | $278K | — |
| Eastern Utah Community FCU | PRICE | 2 | $673K | $336K | — |
| Granite FCU | SALT LAKE CITY | 2 | $673K | $337K | — |
| Utah Independent Bank | SALINA | 1 | $3.0M | $3.0M | — |
| Jordan Federal Credit Union | South Jordan | 1 | $50K | $50K | — |
Finding an SBA Lender in Utah
There are currently 30 SBA-approved lenders headquartered in Utah, ranging from national banks to local community lenders. Together they have approved 12,553 SBA 7(a) loans totaling $7.8B since 2020.
Of these, 20 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.
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SBA Lender Questions for Utah
How many SBA lenders are in Utah?
There are currently 30 SBA-approved lenders headquartered in Utah. Together they have approved 12,553 SBA 7(a) loans totaling $7.8B since 2020. Of these, 20 hold SBA Preferred Lender status, allowing them to approve loans without prior SBA review.
What is an SBA Preferred Lender in Utah?
An SBA Preferred Lender (PLP) in Utah is a bank or financial institution that has earned delegated authority from the SBA to approve loans independently — without waiting for SBA review. This results in faster approvals (often 7–10 business days vs. 4–6 weeks) and a more streamlined process. Utah currently has 20 Preferred Lenders.
How do I choose the best SBA lender in Utah?
When choosing an SBA lender in Utah, consider three factors: (1) Preferred Lender status — these lenders close loans faster; (2) loan volume — lenders with higher approval counts have more SBA experience; (3) average loan size — find a lender whose typical deal size matches your needs. Our directory shows real SBA loan data for all 30 Utah lenders so you can compare objectively.
How long does SBA loan approval take in Utah?
With an SBA Preferred Lender in Utah, approval typically takes 7–10 business days. Non-preferred lenders require SBA review, adding 2–4 weeks. After approval, funding usually takes an additional 2–4 weeks, so total time from application to funding is typically 30–90 days depending on the lender and loan complexity.