SBA Loans – Salt Lake City

Last update: Apr 19, 2024

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Small business loans are available from many SBA lenders. Here are the most active Salt Lake City SBA lenders:

Top SBA Lenders in Salt Lake City

RankSBA LenderHeadquarters# Loans Avg LoanAvg Interest
1Mountain America FCUSANDY, UT17 $533,80010.5%
2Zions BankSALT LAKE CITY, UT15 $220,08011.8%
3U.S. BankCINCINNATI, OH10 $783,6609.5%
4Celtic BankSALT LAKE CITY, UT8 $196,37510.8%
5BayFirst National BankSaint Petersburg, FL5 $150,00012.0%
6America First FCURIVERDALE, UT4 $495,4258.6%
7Central BankPROVO, UT4 $255,4759.7%
8Huntington BankCOLUMBUS, OH4 $631,75010.2%
9Live OakWILMINGTON, NC4 $2,908,7509.8%
10United Midwest Savings BankDE GRAFF, OH4 $150,00010.4%
11BancorpSouth BankTUPELO, MS3 $160,00011.0%
12BMO BankChicago, IL3 $364,6679.9%
13Cache Valley BankLOGAN, UT3 $401,6679.2%
14First Utah BankSALT LAKE CITY, UT3 $1,261,93310.0%
15KeyBankCLEVELAND, OH3 $1,691,66712.9%
16JPMorgan Chase BankCOLUMBUS, OH2 $223,50012.4%
17Meadows BankLAS VEGAS, NV2 $872,45010.3%
18Montana Community Development CorpMissoula, MT2 $122,85010.0%
19Mountain West Small Business FinanceSalt Lake City, UT2 $197,50011.3%
20Newtek BankMiami, FL2 $550,00011.5%

Top Industries for SBA Loans in Salt Lake City

RankIndustry# Loans Avg LoanAvg Interest
1Other Personal Care Services7 $298,71410.9%
2All Other Professional, Scientific, and Technical Services4 $116,25012.4%
3All Other Specialty Trade Contractors4 $1,512,50010.1%
4Beauty Salons4 $48,75010.8%
5Full-Service Restaurants4 $819,25010.8%
6Motion Picture and Video Production4 $1,025,00010.3%
7All Other Miscellaneous Schools and Instruction3 $400,00011.3%
8Fitness and Recreational Sports Centers3 $347,66710.9%
9Home Health Care Services3 $1,405,8679.0%
10Snack and Nonalcoholic Beverage Bars3 $249,06710.6%

Many entrepreneurs search for “business loans near me” or “SBA lenders near me,” but the reality is often times the best banks for Salt Lake City SBA loans are not local but national SBA preferred lenders. Connect with us and we can connect you today with local or national SBA banks that are small business loan experts.

  Connect me to a Salt Lake City lender!