Top SBA Acquisition Lenders in Utah
30 active SBA 7(a) lenders in Utah, ranked by acquisition loan count.
Lenders
in Utah
Total Volume
Median Rate
Median Loan Size
Top Lenders in Utah
Lending by Industry in Utah
Covers the 44 of 110 Utah loans that the FOIA dataset reports at the state and industry level.
Top 25 Lenders in Utah
| # | 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 | Northwest Bank | 7 | $12.8M | P+2.50% | 0.0% |
| 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 | Mountain America FCU | 4 | $2.0M | P+0.45% | 0.0% |
| 8 | UMB Bank, National Association | 4 | $3.9M | P+0.50% | 0.9% |
| 9 | The Huntington National Bank | 4 | $7.7M | P+2.25% | 1.8% |
| 10 | First Utah Bank | 4 | $16.2M | P+2.25% | 3.1% |
| 11 | Central Bank | 3 | $1.1M | P+2.00% | 0.0% |
| 12 | Byline Bank | 3 | $8.2M | P+2.75% | 1.6% |
| 13 | First Internet Bank of Indiana | 3 | $5.9M | P+2.75% | 1.7% |
| 14 | Banc of California | 3 | $3.0M | P+0.00% | 3.1% |
| 15 | Climate First Bank | 3 | $1.5M | P+2.50% | 0.0% |
| 16 | Pathward National Association | 2 | $2.7M | P+2.25% | 9.8% |
| 17 | GBank | 2 | $844K | P+1.00% | 0.6% |
| 18 | Bank of Utah | 2 | $7.8M | P+1.25% | 0.0% |
| 19 | Brighton Bank | 2 | $668K | P+0.00% | 0.0% |
| 20 | Citizens Bank | 2 | $1.0M | P+2.75% | 3.8% |
| 21 | Community Banks of Colorado, A Division of | 2 | $5.5M | P+1.25% | 3.5% |
| 22 | America First FCU | 2 | $2.3M | P+1.13% | 0.0% |
| 23 | Wasatch Peaks FCU | 2 | $533K | P+0.00% | 0.0% |
| 24 | MISSINGMAINBANKID | 2 | $5.5M | P+2.07% | 1.7% |
| 25 | Truliant FCU | 2 | $1.6M | P+2.75% | 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.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.