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30 active SBA 7(a) lenders in Utah, ranked by loan volume.
Lenders
in Utah
Total Volume
Median Rate
Median Loan Size
| # | 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 | Celtic Bank Corporation | 7 | $11.2M | P+2.50% | 1.7% |
| 4 | Live Oak Bank | 7 | $6.9M | P+1.50% | 0.8% |
| 5 | Northwest Bank | 7 | $12.8M | P+2.50% | 0.0% |
| 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 | Mountain America FCU | 4 | $2.0M | P+0.45% | 0.0% |
| 9 | The Huntington National Bank | 4 | $7.7M | P+2.25% | 1.5% |
| 10 | UMB Bank, National Association | 4 | $3.9M | P+0.50% | 0.9% |
| 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 | Central Bank | 3 | $1.1M | P+2.00% | 0.0% |
| 14 | Climate First Bank | 3 | $1.5M | P+2.50% | 0.0% |
| 15 | Banc of California | 3 | $3.0M | P+0.00% | 3.1% |
| 16 | Brighton Bank | 2 | $668K | P+0.00% | 0.0% |
| 17 | MISSINGMAINBANKID | 2 | $5.5M | P+1.50% | 1.4% |
| 18 | Truliant FCU | 2 | $1.6M | P+2.75% | 0.0% |
| 19 | Pathward National Association | 2 | $2.7M | P+2.25% | 4.8% |
| 20 | Wasatch Peaks FCU | 2 | $533K | P+0.00% | 0.0% |
| 21 | Community Banks of Colorado, A Division of | 2 | $5.5M | P+1.25% | 3.5% |
| 22 | Bank of Utah | 2 | $7.8M | P+1.25% | 0.0% |
| 23 | GBank | 2 | $844K | P+1.00% | 0.6% |
| 24 | Citizens Bank | 2 | $1.0M | P+2.75% | 3.8% |
| 25 | Hanover Community Bank | 2 | $8.0M | P+2.25% | 0.0% |
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Customize your search →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.
There are currently 30 active SBA 7(a) lenders in Utah based on FOIA lending data. These lenders have originated 110 acquisition loans.
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.
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.