How many SBA 7(a) lenders are active in Utah?

There are currently 29 active SBA 7(a) lenders in Utah based on FOIA lending data, with 107 acquisition loans originated.

What is the typical SBA loan rate in Utah?

The median SBA 7(a) acquisition loan rate in Utah is approximately Prime + 2.25%. The SBA caps the spread at 3.0% for loans over $250,000.

What is a PLP lender?

A PLP (Preferred Lender Program) lender has delegated authority from the SBA to make credit decisions without prior SBA review, typically resulting in faster loan processing.

Best SBA Lenders in Utah for Business Acquisitions (2026)

#	Lender	Loans	Volume	Rate	Default Rate
1	Zions Bank, A Division of	17	$12.5M	P+0.70%	1.1%
2	Capital Community Bank	10	$15.1M	P+2.50%	0.0%
3	Live Oak Bank	7	$6.9M	P+1.50%	0.8%
4	Northwest Bank	7	$12.8M	P+2.50%	0.0%
5	Celtic Bank Corporation	7	$11.2M	P+2.50%	1.7%
6	Bank of America, National Association	5	$1.0M	P+0.00%	0.0%
7	The Huntington National Bank	4	$7.7M	P+2.25%	1.5%
8	UMB Bank, National Association	4	$3.9M	P+0.50%	0.9%
9	Mountain America FCU	4	$2.0M	P+0.45%	0.0%
10	Byline Bank	3	$8.2M	P+2.75%	1.6%
11	First Utah Bank	4	$16.2M	P+2.25%	3.1%
12	Climate First Bank	3	$1.5M	P+2.50%	0.0%
13	Banc of California	3	$3.0M	P+0.00%	3.1%
14	First Internet Bank of Indiana	3	$5.9M	P+2.75%	1.7%
15	Central Bank	3	$1.1M	P+2.00%	0.0%
16	Truliant FCU	2	$1.6M	P+2.75%	0.0%
17	MISSINGMAINBANKID	2	$5.5M	P+1.50%	1.4%
18	Pathward National Association	2	$2.7M	P+2.25%	4.5%
19	Bank of Utah	2	$7.8M	P+1.25%	0.0%
20	Wasatch Peaks FCU	2	$533K	P+0.00%	0.0%
21	Citizens Bank	2	$1.0M	P+2.75%	3.8%
22	Hanover Community Bank	2	$8.0M	P+2.25%	0.0%
23	Brighton Bank	2	$668K	P+0.00%	0.0%
24	Community Banks of Colorado, A Division of	2	$5.5M	P+1.25%	3.5%
25	America First FCU	1	$1.2M	P+0.50%	0.0%

SBA 7(a) Lending in Utah

Utah has 29 active SBA 7(a) acquisition lenders that have originated a combined 107 loans totaling $150.8M in volume. The median acquisition loan size in Utah is $980K, with a median interest rate of Prime + 2.25% (Prime + spread).

When evaluating SBA lenders in Utah, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.

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