State Bank of Southern Utah
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by State Bank of Southern Utah
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 238110 | Poured Concrete Foundation and Structure Contractors | 72 | $9.8M | $137K | 4.7% |
| 561730 | Landscaping Services | 48 | $3.4M | $71K | 3.2% |
| 238910 | Site Preparation Contractors | 48 | $31.9M | $664K | 3.2% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 40 | $7.9M | $198K | 2.6% |
| 721110 | Hotels (except Casino Hotels) and Motels | 32 | $11.4M | $356K | 2.1% |
| 811111 | General Automotive Repair | 32 | $1.1M | $36K | 2.1% |
| 459110 | Other | 32 | $5.9M | $184K | 2.1% |
| 456110 | Other | 32 | $7.8M | $245K | 2.1% |
| 722330 | Mobile Food Services | 24 | $640K | $27K | 1.6% |
| 722511 | Full-Service Restaurants | 24 | $9.5M | $398K | 1.6% |
Geographic Distribution
SBA lending activity for State Bank of Southern Utah by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Utah (UT) | 1,480 | $394.3M | 97.4% |
| Nevada (NV) | 16 | $3.6M | 1.1% |
| Arizona (AZ) | 8 | $1.8M | 0.5% |
| California (CA) | 8 | $1.5M | 0.5% |
| Wyoming (WY) | 8 | $1.0M | 0.5% |
Why Choose State Bank of Southern Utah?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,520 SBA loans approved, totaling $402.2M in financing
- ✓Industry Expertise: Specialized focus on Poured Concrete Foundation and Structure Contractors, Landscaping Services, Site Preparation Contractors
- ✓Competitive Terms: Average interest rate of 6.72% with flexible term lengths averaging 107 months
- ✓Loan Range: Loan sizes from $12K to $3.1M, with an average of $265K
- ✓Nationwide Reach: Active lending in 5 states, with strong presence in UT, NV, CA
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 State Bank of Southern Utah SBA lending
What types of businesses does State Bank of Southern Utah typically finance?
State Bank of Southern Utah specializes in SBA 7(a) lending to specific industries including poured concrete foundation and structure contractors, landscaping services, site preparation contractors, snack and nonalcoholic beverage bars. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are State Bank of Southern Utah's typical SBA loan terms?
State Bank of Southern Utah's SBA 7(a) loans typically feature an average interest rate of 6.72% and average term length of 107 months (approximately 9 years). Loan sizes range from $12K to $3.1M, with an average loan size of $265K.
Do I need a business valuation for a State Bank of Southern Utah SBA loan?
Yes, State Bank of Southern Utah 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 State Bank of Southern Utah compare to other SBA lenders?
State Bank of Southern Utah has originated 1,520 SBA loans totaling $402.2M 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 State Bank of Southern Utah lend in?
State Bank of Southern Utah provides SBA 7(a) financing with particularly strong presence in UT, NV, CA, WY, AZ. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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