Bank · Salt Lake City, UT
First Utah Bank
Made 16 SBA 7(a) change-of-ownership loans totaling $41.1M in FY2024 to FY2026: #178 of 1,054 lenders by loans and #105 by dollars. Lends in 6 states. Part of First Utah Bcorp.
#178by loans, FY24–26
16loans
$41.1Mapproved
$2.1Mmedian loan
Volume
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 4 | $8.9M | $1.7M | 0.1% |
| FY2025 | 6 | $16.2M | $3.1M | 0.1% |
| FY2026 | 6 | $16.0M | $2.9M | 0.1% |
Loan size
Deal size mix
69% of its loans were $1M or more.
- Under $350K1 loans · 6% · $210K
- $350K to $1M4 loans · 25% · $2.8M
- $1M to $2M3 loans · 19% · $5.2M
- $2M to $5M8 loans · 50% · $32.8M
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Accommodation & Food Services | 4 | $11.8M |
| Professional, Scientific & Technical Services | 2 | $1.1M |
| Construction | 2 | $5.6M |
| Wholesale Trade | 1 | $4.1M |
| Manufacturing | 1 | $859K |
| Transportation & Warehousing | 1 | $3.9M |
| Retail Trade | 1 | $1.7M |
| Educational Services | 1 | $5.0M |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| Utah | 11 | $28.4M |
| Arizona | 1 | $2.4M |
| California | 1 | $564K |
| Georgia | 1 | $4.2M |
| Kansas | 1 | $499K |
| Michigan | 1 | $5.0M |
Keep exploring
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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