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BUSINESSES UNDER TWO YEARS OLD

SBA lenders that fund brand-new businesses in Utah

Over the last five years 2,170 SBA loans in Utah went to businesses under two years old, 33% of every approval in the state (1 points above the national rate). 1,019 of them were loans that opened the business in the first place.

Loans to new businesses
2,170
last 5 years
Lenders that said yes
120
active in Utah
Median approval
$223K
$60K – $549K typical
Typical term
12 yr
91% were 7(a)

The 15 most active startup lenders in Utah

Every lender here has approved loans for businesses under two years old in Utah. The percentage is how much of their Utah lending went to new businesses, which tells you whether they do it routinely or made an exception.

1
Salt Lake City, UT
New-business loans
282
Share of their UT lending
37%
Typical loan
$228K
Last approval
Mar 2026
2
Sandy, UT
New-business loans
238
Share of their UT lending
35%
Typical loan
$381K
Last approval
Mar 2026
3
Provo, UT
New-business loans
170
Share of their UT lending
45%
Typical loan
$413K
Last approval
Mar 2026
4
Salt Lake City, UT
New-business loans
154
Share of their UT lending
16%
Typical loan
$1.1M
Last approval
Mar 2026
5
Sioux Falls, SD
New-business loans
119
Share of their UT lending
84%
Typical loan
$283K
Last approval
Mar 2026
6
Columbus, OH
New-business loans
112
Share of their UT lending
60%
Typical loan
$401K
Last approval
Mar 2026
7
Logan, UT
New-business loans
93
Share of their UT lending
45%
Typical loan
$388K
Last approval
Mar 2026
8
Cincinnati, OH
New-business loans
91
Share of their UT lending
31%
Typical loan
$269K
Last approval
Mar 2026
9
Riverdale, UT
New-business loans
85
Share of their UT lending
44%
Typical loan
$993K
Last approval
Mar 2026
10
Cleveland, OH
New-business loans
82
Share of their UT lending
69%
Typical loan
$476K
Last approval
Mar 2026
11
De Graff, OH
New-business loans
56
Share of their UT lending
92%
Typical loan
$239K
Last approval
Mar 2026
12
Salt Lake City, UT
New-business loans
49
Share of their UT lending
33%
Typical loan
$606K
Last approval
Mar 2026
13
Greenwood Village, CO
New-business loans
49
Share of their UT lending
32%
Typical loan
$843K
Last approval
Mar 2026
14
Cedar City, UT
New-business loans
48
Share of their UT lending
36%
Typical loan
$253K
Last approval
Mar 2026
15
Salt Lake City, UT
New-business loans
32
Share of their UT lending
41%
Typical loan
$247K
Last approval
Mar 2026
Ranked from public SBA approvals, not from lender marketing. Being listed is not an endorsement or a promise of approval, and no lender can pay to appear here.