Utah SBA 7(a) lending: who's most active
The 30 lenders that made the most SBA 7(a) loans of $500,000 or more to Utah businesses in fiscal 2025 and 2026, compiled from the SBA's own loan-level records.
See the rankings The new SBA QoE ruleTop 15 by loans of $500,000 or more
Larger loans are where the new SBA Quality of Earnings requirement starts to bite, so we rank lenders by how many loans of $500K or more they approved, not total count. Zions Bank, for example, made the most Utah SBA loans overall (490), but most were smaller.
Number of approved 7(a) loans of $500,000 or more. Hover a bar for totals.
All 30 lenders
Click a column heading to sort.
| Rank | Lender | Headquarters | Loans ≥ $500K | All Utah 7(a) loans | Total approved | Average loan | Primary SBA method |
|---|---|---|---|---|---|---|---|
| 1 | Mountain America FCU Utah | Sandy, UT | 55 | 254 | $83.2M | $328K | SBA Express |
| 2 | America First FCU Utah | Riverdale, UT | 43 | 69 | $73.0M | $1.1M | Preferred Lender (PLP) |
| 3 | Central Bank Utah | Provo, UT | 40 | 141 | $56.2M | $399K | Preferred Lender (PLP) |
| 4 | Zions Bank Utah | Salt Lake City, UT | 36 | 490 | $88.6M | $181K | Preferred Lender (PLP) |
| 5 | Live Oak Bank | Wilmington, NC | 36 | 62 | $84.7M | $1.4M | Preferred Lender (PLP) |
| 6 | U.S. Bank | Cincinnati, OH | 32 | 149 | $54.6M | $367K | SBA Express |
| 7 | Huntington National Bank | Columbus, OH | 26 | 88 | $44.8M | $509K | Preferred Lender (PLP) |
| 8 | Accordia Bank Utah | Provo, UT | 22 | 56 | $34.1M | $608K | Preferred Lender (PLP) |
| 9 | Newtek Bank | Miami, FL | 21 | 99 | $41.8M | $422K | Preferred Lender (PLP) |
| 10 | Celtic Bank Utah | Salt Lake City, UT | 21 | 78 | $42.7M | $547K | Preferred Lender (PLP) |
| 11 | Northwest Bank | Boise, ID | 20 | 31 | $32.4M | $1.0M | Preferred Lender (PLP) |
| 12 | Bank of Utah Utah | Ogden, UT | 19 | 44 | $49.9M | $1.1M | Preferred Lender (PLP) |
| 13 | First Utah Bank Utah | Salt Lake City, UT | 19 | 44 | $39.9M | $906K | Preferred Lender (PLP) |
| 14 | Citizens Bank | Elizabethton, TN | 14 | 22 | $19.6M | $892K | Preferred Lender (PLP) |
| 15 | Wells Fargo Bank | Sioux Falls, SD | 13 | 33 | $11.8M | $357K | Preferred Lender (PLP) |
| 16 | KeyBank | Cleveland, OH | 12 | 38 | $25.8M | $678K | SBA Express |
| 17 | UMB Bank | Kansas City, MO | 12 | 24 | $23.5M | $980K | Preferred Lender (PLP) |
| 18 | Northeast Bank | Lewiston, ME | 11 | 103 | $20.9M | $203K | Preferred Lender (PLP) |
| 19 | Community Banks of Colorado | Greenwood Village, CO | 11 | 25 | $19.0M | $761K | Preferred Lender (PLP) |
| 20 | Byline Bank | Chicago, IL | 11 | 15 | $20.7M | $1.4M | Preferred Lender (PLP) |
| 21 | Cache Valley Bank Utah | Logan, UT | 10 | 55 | $19.8M | $359K | Preferred Lender (PLP) |
| 22 | Redemption Bank Utah | Salt Lake City, UT | 8 | 10 | $11.2M | $1.1M | 7(a) General |
| 23 | First Internet Bank of Indiana | Fishers, IN | 7 | 9 | $19.9M | $2.2M | Preferred Lender (PLP) |
| 24 | Canyon View FCU Utah | Salt Lake City, UT | 6 | 48 | $11.7M | $244K | SBA Express |
| 25 | ReadyCap Lending | Berkeley Heights, NJ | 6 | 29 | $11.7M | $403K | Preferred Lender (PLP) |
| 26 | First Bank of the Lake | Osage Beach, MO | 6 | 18 | $12.0M | $664K | Preferred Lender (PLP) |
| 27 | Gulf Coast Bank & Trust | New Orleans, LA | 6 | 10 | $10.7M | $1.1M | Preferred Lender (PLP) |
| 28 | Fortis Bank | Denver, CO | 6 | 8 | $14.5M | $1.8M | 7(a) General |
| 29 | JPMorgan Chase Bank | Columbus, OH | 5 | 27 | $9.1M | $337K | SBA Express |
| 30 | Enterprise Bank & Trust | Clayton, MO | 5 | 6 | $5.4M | $908K | Preferred Lender (PLP) |
What stands out
- Local credit unions lead larger-loan volume. Mountain America and America First, both Utah credit unions, rank first and second by $500K+ loans.
- National SBA specialists write the biggest loans. Live Oak, First Internet Bank, Fortis and Byline average well over $1 million per Utah loan, against about $181K at Zions, whose volume skews to smaller loans.
- Nearly half the larger loans come from out of state. 19 out-of-state lenders made 260 of the 539 loans of $500K+ in this group.
- Most volume runs through delegated authority. Under PLP, SOP 50 10 8.1 lets the QoE finish after the loan number issues, but it must be formally engaged, with an engagement letter in place, when the number issues.
How we built this
Source: U.S. Small Business Administration, 7(a) FOIA loan-level data (FY2020–present file, data as of September 30, 2026), available at data.sba.gov.
Scope: 7(a) loans approved October 1, 2024 through September 30, 2026 where the borrower or project is in Utah. Lender names are consolidated across reporting variations; headquarters are as reported.
Limits: The SBA file doesn't identify loan purpose, so loans of $500K or more are a proxy for acquisition-size lending, not a count of acquisitions. "Primary SBA method" is the delivery method behind the largest share of each lender's Utah loans. Rankings change as SBA updates the file.
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