State Bank of Southern Utah approved 108 SBA loans worth $25.3M between October 2021 and June 2026, ranking #339 of 2,283 SBA lenders nationally by loan count. Its median loan was $150,000, and 43% went to startups or businesses under two years old. It lent in 4 states, most often in Utah, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Utah | 104 | $24.5M | $150,000 | #15 |
| Nevada | 2 | $450K | $225,000 | #107 |
| California | 1 | $185K | $185,000 | #276 |
| Arizona | 1 | $224K | $224,000 | #165 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 20 | $162,500 | |
| Retail | 19 | $100,000 | |
| Other services (repair, personal care) | 11 | $225,000 | |
| Manufacturing | 10 | $245,550 | |
| Restaurants and hotels | 10 | $180,750 | |
| Administrative and support services | 9 | $66,000 | |
| Transportation and warehousing | 6 | $117,250 | |
| Health care and social assistance | 5 | $110,000 | |
| Education | 4 | $110,000 | |
| Arts, entertainment and recreation | 4 | $150,000 |