Bank of Utah approved 66 SBA loans worth $61.8M between October 2021 and June 2026, ranking #462 of 2,283 SBA lenders nationally by loan count. Its median loan was $388,750, and 44% went to startups or businesses under two years old. It lent in 4 states, most often in Utah, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Utah | 62 | $57.7M | $362,500 | #25 |
| Idaho | 2 | $2.1M | $1,051,250 | #85 |
| Illinois | 1 | $879K | $879,200 | #259 |
| Mississippi | 1 | $1.2M | $1,154,000 | #73 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 11 | $562,000 | |
| Administrative and support services | 7 | $162,000 | |
| Manufacturing | 7 | $784,400 | |
| Health care and social assistance | 6 | $362,500 | |
| Transportation and warehousing | 6 | $827,500 | |
| Other services (repair, personal care) | 4 | $268,000 | |
| Information and media | 4 | $200,000 | |
| Retail | 4 | $1,051,250 | |
| Education | 3 | $879,200 | |
| Professional and technical services | 3 | $1,555,500 |