Top SBA Acquisition Lenders in Utah
30 active SBA 7(a) lenders in Utah, ranked by loan volume.
Lenders
in Utah
Total Volume
Median Rate
Median Loan Size
Top Lenders in Utah
Top 25 Lenders in Utah
| # | Lender | Loans | Volume | 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 | Northwest Bank | 7 | $12.8M | P+2.50% | 0.0% |
| 4 | Celtic Bank Corporation | 7 | $11.2M | P+2.50% | 1.7% |
| 5 | Live Oak Bank | 7 | $6.9M | P+1.50% | 0.8% |
| 6 | Bank of America, National Association | 5 | $1.0M | P+0.00% | 0.0% |
| 7 | First Utah Bank | 4 | $16.2M | P+2.25% | 3.1% |
| 8 | The Huntington National Bank | 4 | $7.7M | P+2.25% | 1.8% |
| 9 | UMB Bank, National Association | 4 | $3.9M | P+0.50% | 0.9% |
| 10 | Mountain America FCU | 4 | $2.0M | P+0.45% | 0.0% |
| 11 | Byline Bank | 3 | $8.2M | P+2.75% | 1.6% |
| 12 | First Internet Bank of Indiana | 3 | $5.9M | P+2.75% | 1.7% |
| 13 | Banc of California | 3 | $3.0M | P+0.00% | 3.1% |
| 14 | Climate First Bank | 3 | $1.5M | P+2.50% | 0.0% |
| 15 | Central Bank | 3 | $1.1M | P+2.00% | 0.0% |
| 16 | Hanover Community Bank | 2 | $8.0M | P+2.25% | 0.0% |
| 17 | Bank of Utah | 2 | $7.8M | P+1.25% | 0.0% |
| 18 | MISSINGMAINBANKID | 2 | $5.5M | P+2.07% | 1.7% |
| 19 | Community Banks of Colorado, A Division of | 2 | $5.5M | P+1.25% | 3.5% |
| 20 | Pathward National Association | 2 | $2.7M | P+2.25% | 9.8% |
| 21 | America First FCU | 2 | $2.3M | P+1.13% | 0.0% |
| 22 | Truliant FCU | 2 | $1.6M | P+2.75% | 0.0% |
| 23 | Citizens Bank | 2 | $1.0M | P+2.75% | 3.8% |
| 24 | GBank | 2 | $844K | P+1.00% | 0.6% |
| 25 | Brighton Bank | 2 | $668K | P+0.00% | 0.0% |
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Customize your search →SBA 7(a) Lending in Utah
Utah has 30 active SBA 7(a) acquisition lenders that have originated a combined 110 loans totaling $152.9M in volume. The median acquisition loan size in Utah is $934K, 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.
Frequently Asked Questions
How many SBA 7(a) lenders are active in Utah?
There are currently 30 active SBA 7(a) lenders in Utah based on FOIA lending data. These lenders have originated 110 acquisition loans.
What is the typical SBA loan rate in Utah?
The median SBA 7(a) acquisition loan rate in Utah is Prime + 2.25% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
What is a PLP lender?
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.