Access the Top SBA Lending for Utah Small Business
Utah States breathtaking landscapes and thriving economy create ground for business development. Whether in Salt Lake City or amidst the beauty of Park City entrepreneurs have avenues towards success. Through access to top tier SBA lending programs small businesses in Utah can secure support, for their expansion and innovation endeavors.
Utah
The Beehive State
333,661 small businesses
635,432 small business employees
Source: US SBA Office of Advocacy - 2023 Report
Up to $500K Available
8.5% as of 2/2024 | 2 weeks to fund
If you are a small business owner considering an SBA loan, we suggest doing one of two things:

See if you qualify by taking 3 minutes to fill out the Application here.

This is the fastest way to get answers about an SBA loan. It will provide us with everything needed to get an approval.
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Business Dynamic of Utah
Between March 2021 and March 2022, 18,207 Utah establishments opened and 11,398 closed, for a net increase of 6,809. Employment expanded at 26,807 establishments and contracted at 19,630. Small businesses accounted for 16,505 openings and for 10,380 closings.
Establishments in Utah
Employment in Utah
Between March 2021 and March 2022, 18,207 Utah establishments opened and 11,398 closed, for a net increase of 6,809. Employment expanded at 26,807 establishments and contracted at 19,630. Small businesses accounted for 16,505 openings and for 10,380 closings.
Source: Business Employment Dynamics (BLS)
Small Business Loans in Utah
The Community Reinvestment Act requires large banks to report new small business loans. In 2021, reporting banks issued $834.3 million in loans to Utah businesses with revenues of $1 million or less. Total reported new lending to businesses through loans of $100,000 or less was $1.1 billion. Total reported new lending to businesses through loans of $1 million or less was $3.1 billion.
New lending to businesses with revenues under $1 million
Source: CRA Aggregate Data (FFIEC)
Industries and Employment of Utah's Small Businesses
Source: Business Employment Dynamics (BLS)
Business Ownership Share by Demographic in Utah
Business Count by Demographic in Utah
Total Utah Employement by Business Size
Small Business Employment and Payroll by Industry in Utah
Source: Business Employment Dynamics (BLS)