First Utah Bank
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by First Utah Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 64 | $30.5M | $476K | 6.7% |
| 721110 | Hotels (except Casino Hotels) and Motels | 56 | $193.7M | $3.5M | 5.8% |
| 722513 | Limited-Service Restaurants | 48 | $32.7M | $681K | 5.0% |
| 323113 | Commercial Screen Printing | 40 | $46.1M | $1.2M | 4.2% |
| 624410 | Child Day Care Services | 32 | $69.0M | $2.2M | 3.3% |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 32 | $105.8M | $3.3M | 3.3% |
| 811111 | General Automotive Repair | 32 | $29.6M | $926K | 3.3% |
| 561621 | Security Systems Services (except Locksmiths) | 32 | $10.8M | $338K | 3.3% |
| 541921 | Photography Studios, Portrait | 24 | $52.5M | $2.2M | 2.5% |
| 424470 | Meat and Meat Product Merchant Wholesalers | 24 | $28.6M | $1.2M | 2.5% |
Geographic Distribution
SBA lending activity for First Utah Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Utah (UT) | 744 | $892.8M | 77.5% |
| Texas (TX) | 32 | $116.6M | 3.3% |
| Arizona (AZ) | 32 | $114.9M | 3.3% |
| Michigan (MI) | 16 | $80.0M | 1.7% |
| Wyoming (WY) | 16 | $37.6M | 1.7% |
| Georgia (GA) | 8 | $34.0M | 0.8% |
| Idaho (ID) | 40 | $25.4M | 4.2% |
| Ohio (OH) | 8 | $21.6M | 0.8% |
| Washington (WA) | 8 | $19.2M | 0.8% |
| California (CA) | 24 | $11.7M | 2.5% |
| Florida (FL) | 16 | $4.0M | 1.7% |
| Kansas (KS) | 8 | $4.0M | 0.8% |
| North Carolina (NC) | 8 | $1.2M | 0.8% |
Why Choose First Utah Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 960 SBA loans approved, totaling $1.36B in financing
- ✓Industry Expertise: Specialized focus on Full-Service Restaurants, Hotels (except Casino Hotels) and Motels, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 8.74% with flexible term lengths averaging 181 months
- ✓Loan Range: Loan sizes from $50K to $5.0M, with an average of $1.4M
- ✓Nationwide Reach: Active lending in 13 states, with strong presence in UT, ID, TX
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about First Utah Bank SBA lending
What types of businesses does First Utah Bank typically finance?
First Utah Bank specializes in SBA 7(a) lending to specific industries including full-service restaurants, hotels (except casino hotels) and motels, limited-service restaurants, commercial screen printing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First Utah Bank's typical SBA loan terms?
First Utah Bank's SBA 7(a) loans typically feature an average interest rate of 8.74% and average term length of 181 months (approximately 15 years). Loan sizes range from $50K to $5.0M, with an average loan size of $1.4M.
Do I need a business valuation for a First Utah Bank SBA loan?
Yes, First Utah Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does First Utah Bank compare to other SBA lenders?
First Utah Bank has originated 960 SBA loans totaling $1.36B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does First Utah Bank lend in?
First Utah Bank provides SBA 7(a) financing with particularly strong presence in UT, ID, TX, AZ, CA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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