Searching for trusted Utah SBA lenders to power your business growth? Our comprehensive directory connects Utah entrepreneurs with approved SBA loan providers throughout Salt Lake City, Provo, Ogden, St. George and across the state. Whether you’re exploring SBA 7(a) loans, 504 loans, microloans, or disaster assistance, our list features the most active small business lenders with competitive rates and flexible terms for Utah businesses. Discover which local banks, credit unions, and financial institutions participate in Small Business Administration lending programs, compare their requirements, and find the ideal financing partner to help your Utah small business thrive in the Beehive State’s dynamic economic landscape.
| Lender name | City | Website |
|---|---|---|
| Altabank (Division of Glacier Bank) | Pleasant Grove | altabank.com |
| America First Credit Union | Salt Lake City | americafirst.com |
| American United Family of Credit Unions | West Jordan | amucu.org |
| Bank of Montreal | Layton | bmo.com |
| Bank of Utah | Brigham City | bankofutah.com |
| Brighton Bank | Salt Lake City | brightonbank.com |
| Cache Valley Bank | Logan | cachevalleybank.com |
| Capital Community Bank | Pleasant Grove | ccbank.com |
| Celtic Bank | Salt Lake City | celticbank.com |
| Central Bank | Provo | cbutah.com |
| Continental Bank | Salt Lake City | cbankus.com |
| Cyprus Credit Union | West Jordan | cypruscu.com |
| Deseret First Credit Union | West Valley | dfcu.com |
| Desert Rivers Credit Union | Moab | desertriverscu.com |
| Eastern Utah Community FCU | Price | euccu.com |
| Finwise Bank | Murray | finwisebank.com |
| First Community Bank Utah | Layton | fcbutah.com |
| First Utah Bank | Salt Lake City | firstutahbank.com |
| Goldenwest Credit Union | Ogden | gwcu.org |
| Grand Valley Bank | Vernal | grandvalleybank.com |
| Granite Federal Credit Union | Salt Lake City | granite.org |
| Hillcrest Bank | Bountiful | hillcrestbank.com |
| Horizon Utah Federal Credit Union | Farmington | myhorizoncu.com |
| Jordan Credit Union | Sandy | jordan-cu.org |
| JP Morgan-Chase | Salt Lake City | jpmorganchase.com |
| Key Bank of Utah | Salt Lake City | key.com |
| LCA Bank Corporation | Salt Lake City | gcc02.safelinks.protection.outlook.com |
| LendingClub Bank, National Assoc. | Lehi | lendingclub.com |
| Live Oak Banking Co. | liveoakbank.com | |
| Meadows Bank | Salt Lake City | meadowsbank.bank |
| MidFirst Bank | Sandy | midfirst.com |
| Mountain America Federal Credit Union | Sandy | macu.com |
| Northwest Bank | northwest-bank.com | |
| Prime Alliance Bank | Woods Cross | primealliance.bank |
| Security Service FCU | ssfcu.org | |
| State Bank of Southern Utah | Cedar City | sbsu.com |
| T Bank | Salt Lake City | t.bank |
| U.S. Bank | Salt Lake City | usbank.com |
| UFirst Credit Union | Bountiful | ufirstcu.com |
| Utah Community Federal Credit Union | Provo | uccu.com |
| Utah First Federal Credit Union | Salt Lake City | utahfirst.com |
| Wasatch Peaks Credit Union | Ogden | wasatchpeaks.com |
| Wells Fargo Bank | Salt Lake City | wellsfargo.com |
| Zions First National Bank | Salt Lake City | zionsbank.com |
| Certified Development Company 504 Lenders | ||
| Mountain West Small Business Finance | Salt Lake City | mwsbf.com |
| Utah Certified Development Co. | Ogden | utahcdc.com |
| B Side | Denver, CO | bsidecapital.org |
| Wasatch Business Finance | Murray | wasatchcdc.com |
| Microlenders | ||
| MoFi | Salt Lake City | mofi.org |
| Utah Microenterprise Loan Fund | Salt Lake City | utahmicroloanfund.org |
| Community Advantage Lenders | ||
| Mountain West Small Business Finance | Salt Lake City | mwsbf.com |
| MoFi | Salt Lake City | mofi.org |
Frequently Asked Questions
Q: What are SBA loans and how do they work in Utah?
A: SBA loans are government-backed loans provided through approved lenders in Utah. The Small Business Administration guarantees a portion of the loan, reducing risk for lenders and allowing them to offer more favorable terms to Utah small businesses. The lender provides the funds while the SBA guarantees repayment up to a certain percentage, typically 75-85% depending on the program. This structure enables Utah entrepreneurs to access capital with lower down payments, longer repayment terms, and competitive interest rates compared to conventional business loans.
Q: What types of SBA loans are available to Utah businesses?
A: Utah businesses can access various SBA loan programs including:
- SBA 7(a) loans: The most common program for general business purposes with loans up to $5 million
- SBA 504 loans: For major fixed asset purchases like real estate or equipment
- SBA Microloans: Smaller loans up to $50,000 for startups and smaller businesses
- SBA Express loans: Faster approval process with loans up to $500,000
- SBA Disaster loans: Special assistance for businesses affected by declared disasters
Q: What are the minimum requirements to qualify for an SBA loan in Utah?
A: To qualify for an SBA loan in Utah, businesses typically need:
- For-profit operation based in Utah
- Owner-occupied (not primarily for investment)
- Good personal credit (typically 650+ FICO score)
- Sufficient cash flow to support loan payments
- No recent bankruptcies, foreclosures, or defaults on government loans
- Reasonable owner equity investment (typically 10-30% depending on the program)
- Operating history of at least 2 years (though some lenders work with startups)
Q: How do Utah SBA lenders support businesses in the technology and software sectors?
A: Utah’s thriving tech ecosystem has created specialized SBA lending expertise in these sectors. Several Utah lenders have developed industry-specific loan packages designed for software developers, SaaS companies, fintech innovators, and other technology-focused businesses from Salt Lake’s Silicon Slopes to Provo’s startup community to Ogden’s emerging tech corridor. These lenders understand the unique capital needs, growth trajectories, and business models of technology companies and can structure loans accordingly. Some Utah SBA lenders coordinate with organizations like the Utah Technology Council, Silicon Slopes, and university technology commercialization offices to provide comprehensive support. These specialized lending programs have helped strengthen Utah’s position as a technology hub by financing businesses that leverage the state’s technical talent, collaborative business culture, and quality of life advantages. From enterprise software developers in Lehi to cloud computing companies in Salt Lake City to digital health innovators in Park City, these lenders provide crucial capital that helps tech entrepreneurs scale their businesses while maintaining roots in Utah. As the state continues building its reputation as “Silicon Slopes,” these lenders have developed sophisticated understanding of how to evaluate technology business models, assess growth potential, and structure financing that accommodates the distinctive cash flow patterns and capital needs of software and technology companies at various stages of development.
Q: Are there special SBA loan programs for Utah’s outdoor recreation and sporting goods businesses?
A: Yes, Utah’s outdoor leadership has influenced local SBA lending practices. Several Utah lenders offer tailored loan packages for outdoor product manufacturers, recreation technology developers, adventure tourism operators, and specialized retail concepts serving Utah’s thriving outdoor recreation market. These lenders understand the unique seasonal considerations, inventory needs, and growth opportunities of outdoor businesses and can structure loans accordingly. Some Utah SBA lenders coordinate with organizations like the Utah Outdoor Association, the Office of Outdoor Recreation, and the Outdoor Retailer trade show to help businesses access both financing and industry support. These specialized lending programs have helped strengthen Utah’s position as the “State of Sport” by financing businesses that leverage Utah’s world-class natural assets – from the Wasatch Mountains to the red rock deserts to the state’s 15 ski resorts. From outdoor gear manufacturers in Salt Lake City to adventure tourism operators in Moab to specialized retailers in Park City, these lenders have developed expertise in helping outdoor entrepreneurs navigate seasonal cash flow considerations while building sustainable business models that connect with Utah’s passionate outdoor community. As Utah continues solidifying its reputation as the ultimate outdoor playground, these lenders provide crucial capital that helps outdoor businesses innovate, expand, and create distinctive products and experiences that contribute to Utah’s $12+ billion outdoor recreation economy.
Q: How do Utah SBA lenders help businesses in the manufacturing and advanced materials sectors?
A: Utah’s diverse manufacturing base has created specialized lending expertise for production businesses. Several Utah SBA lenders offer industry-specific loan packages designed for precision manufacturers, aerospace suppliers, food processors, and specialized production facilities. These lenders understand the unique equipment needs, facility requirements, and operational considerations of manufacturing businesses and can structure loans accordingly. Some Utah lenders coordinate with organizations like the Utah Manufacturers Association, the Manufacturing Extension Partnership, and regional economic development agencies to provide comprehensive support. These specialized lending programs have helped strengthen Utah’s manufacturing economy by financing businesses that represent both traditional and emerging production sectors. From aerospace component manufacturers in Northern Utah to food processors in Cache Valley to outdoor product manufacturers along the Wasatch Front, these lenders have developed expertise in financing manufacturing ventures that leverage Utah’s strategic location, business-friendly environment, and skilled workforce. As manufacturing continues evolving with automation and advanced technologies, these lenders provide crucial capital that helps manufacturers invest in equipment, facilities, and workforce development while creating high-quality employment opportunities throughout Utah’s diverse manufacturing regions. The state’s manufacturing diversity – spanning aerospace, medical devices, food production, outdoor products, and advanced materials – has created a sophisticated lending ecosystem that understands the distinctive capital needs of various manufacturing subsectors.
Q: Can healthcare and life sciences businesses in Utah access specialized SBA financing?
A: Yes, Utah’s growing healthcare innovation benefits from specialized SBA lending expertise. Several Utah lenders offer tailored loan packages for medical device manufacturers, digital health developers, biotechnology companies, and specialized healthcare service providers. These lenders understand the unique regulatory considerations, development timelines, and capital needs of healthcare businesses and can structure loans accordingly. Some Utah SBA lenders coordinate with organizations like BioUtah, the Utah Health Information Network, and university research programs to provide comprehensive support. While early-stage life sciences companies typically rely on equity financing, SBA loans become viable options as healthcare businesses reach commercialization and revenue generation phases. These specialized lending programs have helped strengthen Utah’s position as a healthcare innovation hub by financing businesses that leverage the state’s research institutions, technical talent, and collaborative healthcare ecosystem. From medical device manufacturers in Salt Lake City to digital health platforms in Utah County to specialized service providers supporting the state’s major healthcare systems, these lenders help finance diverse healthcare ventures that are creating high-value employment opportunities while addressing important medical challenges. As Utah continues building its reputation for healthcare innovation, these lenders provide crucial capital that helps medical entrepreneurs bridge the gap between research breakthroughs and commercial success.
Q: How do Utah SBA lenders support businesses in rural communities and smaller towns?
A: Utah’s geographic diversity has led to specialized lending approaches for businesses outside the Wasatch Front. Several Utah SBA lenders have developed programs specifically focused on expanding capital access for rural entrepreneurs in communities from Logan to St. George to Vernal to Moab. These lenders often coordinate with organizations like the Governor’s Office of Economic Opportunity (Go Utah), the Business Expansion and Retention program (BEAR), and county economic development offices to provide comprehensive support. Some Utah lenders participate in USDA Rural Development programs alongside SBA programs to provide enhanced options for rural businesses. These specialized lending programs align with Utah’s commitment to statewide prosperity by providing tailored assistance that helps rural entrepreneurs overcome geographic challenges, access markets, and leverage local assets to create sustainable businesses. From manufacturing operations that provide crucial employment in small communities to tourism businesses that showcase rural heritage to agricultural enterprises that create new market opportunities, these lenders help finance diverse ventures that strengthen Utah’s small towns and rural landscapes. As Utah continues implementing its strategic plan for rural economic development, these lenders provide crucial capital that helps entrepreneurs in communities throughout the state participate in Utah’s economic success while creating distinctive businesses that maintain the character and vitality of Utah’s diverse regions.
Q: Are there specialized SBA loan programs for Utah’s construction and real estate development businesses?
A: Yes, Utah’s rapid growth has influenced local SBA lending practices. Several Utah SBA lenders have developed expertise in financing contractors, specialty trade companies, engineering firms, and real estate service providers throughout the state. These lenders understand the project-based nature of construction work and can structure loans that accommodate the industry’s distinctive cash flow patterns and bonding requirements. Some Utah lenders coordinate with organizations like the Associated General Contractors of Utah, the Home Builders Association, and the Utah Construction Services Commission to provide comprehensive support. These specialized lending programs have helped strengthen Utah’s response to its significant population growth by financing businesses that build the state’s expanding infrastructure, housing, and commercial facilities. From residential contractors in rapidly growing communities to commercial builders in urban centers to specialty trade companies serving the state’s distinctive construction needs, these lenders help finance diverse construction ventures that literally build Utah’s future. As the state continues experiencing some of the nation’s fastest population growth and development activity, these lenders provide crucial capital that helps construction entrepreneurs grow their capacity while creating significant employment opportunities in this essential sector. The state’s distinctive construction considerations – from seismic requirements to desert building techniques to mountain development challenges – have created a lending ecosystem that understands the unique capital needs of construction businesses operating in Utah’s diverse environments.
Q: How do Utah SBA lenders support minority-owned businesses and entrepreneurs in underserved communities?
A: Utah’s growing diversity has led to specialized lending approaches for businesses in historically underserved communities. Several Utah SBA lenders have developed programs specifically focused on expanding capital access for entrepreneurs of color throughout the state. These lenders often coordinate with organizations like the Utah Black Chamber, the Utah Hispanic Chamber of Commerce, the Pacific Island Knowledge 2 Action Resource Center, and community development financial institutions to provide culturally responsive support. Some Utah lenders participate in the SBA Community Advantage program and other initiatives specifically designed to increase lending in underserved markets. These specialized lending programs align with Utah’s evolving demographics by providing targeted outreach, technical assistance, and financing structures that address the specific challenges minority entrepreneurs may face. From neighborhood-serving businesses in Salt Lake City’s west side to innovative startups in diverse communities to professional service firms throughout the state, these lenders help finance diverse business ventures that strengthen local economies while creating pathways to wealth creation in communities that have historically faced barriers to capital access. As Utah continues becoming more diverse – with significant growth in Hispanic, Pacific Islander, Asian, and African American populations – these lenders have developed distinctive expertise in helping minority business owners access capital while navigating the path to business success.
Q: How do Utah SBA lenders support businesses in the tourism and hospitality sectors?
A: Utah’s world-class destinations have created specialized lending expertise for tourism businesses. Several Utah lenders offer industry-specific loan packages designed for hotels, restaurants, attractions, tour operators, and service providers supporting the state’s $10+ billion tourism industry. These lenders understand the seasonal nature of tourism in many parts of Utah and can structure loans with flexible payment schedules aligned with visitor patterns. Some Utah SBA lenders coordinate with organizations like the Utah Office of Tourism, the Utah Restaurant Association, and regional destination marketing organizations to provide comprehensive support. These specialized lending programs have helped strengthen Utah’s position as a premier tourism destination by financing businesses that enhance visitor experiences from the ski resorts of the Wasatch to the red rock wonders of Southern Utah. From distinctive restaurants showcasing local ingredients to boutique hotels in historic buildings to specialized tour operations highlighting Utah’s natural wonders, these lenders have developed expertise in helping tourism entrepreneurs balance seasonal cash flow considerations while creating compelling experiences that attract visitors year-round. As Utah continues diversifying its tourism offerings beyond winter sports and national parks to include culinary tourism, cultural attractions, and year-round recreation, these lenders provide crucial capital that helps entrepreneurs create distinctive hospitality concepts that showcase Utah’s unique character while generating substantial economic impact throughout the state.
Q: How do Utah SBA lenders support businesses owned by women and veterans?
A: Utah’s entrepreneurial diversity has influenced local SBA lending practices. Several Utah SBA lenders have developed specialized programs focused on expanding capital access for women business owners and veteran entrepreneurs throughout the state. These lenders often coordinate with organizations like the Women’s Business Center of Utah, the Utah Women’s Networking Group, Veterans Business Resource Centers, and the Utah Veteran Business Network to provide targeted support. Some Utah lenders offer mentoring connections, specialized workshops, and networking opportunities alongside their financing options. These specialized lending programs align with Utah’s strong military connections and growing female entrepreneurship by providing outreach and financing structures that address the specific challenges these entrepreneurs may face. From professional service firms to manufacturing operations to technology ventures, these lenders help finance diverse business ventures led by women and veterans who contribute significantly to Utah’s economic vitality. As these demographic groups continue increasing their entrepreneurial participation, these lenders have developed expertise in helping them overcome traditional barriers to capital access while building sustainable businesses that create economic opportunities throughout Utah’s diverse communities. The state’s distinctive culture of entrepreneurship and self-reliance has created a particularly supportive environment for these business owners when paired with appropriate capital access.
Q: How do Utah SBA lenders support businesses in the energy and natural resources sectors?
A: Utah’s diverse energy landscape has led to specialized lending approaches for resource-related businesses. Several Utah SBA lenders have developed programs specifically focused on financing energy service providers, mining support companies, resource technology developers, and specialized contractors serving these industries. These lenders understand the cyclical nature of resource industries and can structure loans that accommodate the distinctive operational patterns of these sectors. Some Utah lenders coordinate with organizations like the Utah Mining Association, the Governor’s Office of Energy Development, and industry groups representing both traditional and renewable energy to provide comprehensive support. These specialized lending programs align with Utah’s balanced approach to resource development by providing capital solutions for businesses across the energy spectrum – from oil and gas service providers in the Uinta Basin to solar installers along the Wasatch Front to mining technology companies throughout the state. From equipment providers serving extraction operations to environmental service firms supporting responsible development to technology companies improving resource efficiency, these lenders help finance diverse ventures that strengthen Utah’s position as an energy leader while creating significant employment opportunities in both rural and urban communities. As Utah continues pursuing its “all of the above” energy strategy, these lenders provide crucial capital that helps entrepreneurs develop innovative solutions that balance resource development with environmental stewardship while creating sustainable business models in these essential industries.
Q: What other resources are available for SBA loans?
A: Other resources provided by Bigger Bottom Line include:
Q: How do I get assistance in getting an SBA or other business loan?
A: Contact the experts! We can assist from advising which lenders to submit to all the way through to developing & submitting a complete business loan package and anything in between. Contact us now for a free evaluation.