26 SBA loans worth $9.9M went to businesses in Salem, UT between October 2021 and June 2026, from 11 lenders. Central Bank made the most, 10 loans. The median loan was $257,500, compared with $267,150 across Utah, and manufacturing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Central Bank Bank · Provo, UT | 10 | $4.4M | $157,250 | 60% |
| 2 | Zions Bank, A Division of Bank · Salt Lake City, UT | 4 | $1.5M | $425,000 | 25% |
| 3 | Live Oak Banking Bank · Wilmington, NC | 3 | $1.6M | $575,000 | 0% |
| 4 | America First Federal Credit Union Credit union · Riverdale, UT | 2 | $974K | $487,200 | 100% |
| 5 | Community Banks of Colorado, A Division of NBH Bank Bank · Greenwood Village, CO | 1 | $499K | $499,000 | 0% |
| 6 | Mountain West Small Business Finance Certified development company · Salt Lake City, UT | 1 | $332K | $332,000 | 0% |
| 7 | B:Side Capital Certified development company · Denver, CO | 1 | $223K | $223,000 | 0% |
| 8 | Capital Community Bank Bank · Provo, UT | 1 | $213K | $213,000 | 100% |
| 9 | Mountain America FCU Credit union · Sandy, UT | 1 | $140K | $140,400 | 100% |
| 10 | JPMorgan Chase Bank Bank · Columbus, OH | 1 | $90K | $90,000 | 0% |
| 11 | U.S. Bank Bank · Cincinnati, OH | 1 | $10K | $10,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Manufacturing | 5 | $350,000 | Zions Bank, A Division of | |
| Professional and technical services | 3 | $319,600 | Central Bank | |
| Arts, entertainment and recreation | 3 | $499,000 | Central Bank | |
| Other services (repair, personal care) | 3 | $50,000 | U.S. Bank | |
| Construction | 3 | $150,000 | Central Bank | |
| Restaurants and hotels | 3 | $213,000 | America First Federal Credit Union | |
| Administrative and support services | 2 | $127,350 | Mountain America FCU | |
| Information and media | 2 | $617,500 | Live Oak Banking |