First Utah Bank
First Utah Bank is a community bank wholly-owned and operated by people who live and work in Utah. Founded in 1978, it is the largest community bank headquartered in Salt Lake City, offering comprehensive business and personal banking services.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (15 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
First Utah Bank ranks #151 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of First Utah Bank’s 7(a) acquisition lending falls in the $4M-$5M range: 5 loans, 33.3% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 2 | 13.3% | |
| $500K-$1M | 3 | 20.0% | |
| $1M-$2M | 3 | 20.0% | |
| $2M-$3M | 1 | 6.7% | |
| $3M-$4M | 1 | 6.7% | |
| $4M-$5M | 5 | 33.3% |
Industries with highest loan volume
General Automotive Repair
2
loans
$1.7M
avg. amount
Hotels (except Casino Hotels) and Motels
2
loans
$4.6M
avg. amount
Child Care Services
1
loans
$4.2M
avg. amount
Confectionery Merchant Wholesalers
1
loans
$4.1M
avg. amount
Commercial and Institutional Building Construction
1
loans
$1.6M
avg. amount
Other Services Related to Advertising
1
loans
$499K
avg. amount
Commercial Screen Printing
1
loans
$859K
avg. amount
RV (Recreational Vehicle) Parks and Campgrounds
1
loans
$2.4M
avg. amount
Snack and Nonalcoholic Beverage Bars
1
loans
$210K
avg. amount
Freight Transportation Arrangement
1
loans
$3.9M
avg. amount
10-Year
3.3%
Percentile Ranking
93th
93th percentile
First Utah Bank’s median variable rate is + 1.50%, against a market median of Prime + 1.88%, 38 below market.
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.00% |
| $500K-$1M | Prime + 2.00% |
| $1M-$2M | Prime + 1.42% |
| $2M-$3M | Prime + 1.25% |
| $3M-$4M | Prime + 3.25% |
| $4M-$5M | Prime + 1.45% |
First Utah Bank has originated 7(a) acquisition loans in 6 states, most actively in Utah (10), Georgia (1) and Kansas (1). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Utah | 10 | 66.7% |
| Georgia | 1 | 6.7% |
| Kansas | 1 | 6.7% |
| Michigan | 1 | 6.7% |
| California | 1 | 6.7% |
| Arizona | 1 | 6.7% |
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