Best SBA Lenders in Draper, UT (2026)
2025 FOIA data: top lenders, rates & industries for Draper SBA loans
SBA Loans in Draper, Utah
Looking for an SBA loan in Draper, Utah? Based on 2025 FOIA data, 27 SBA 7(a) loans were funded in Draper totaling $21.5M, supporting an estimated 599 jobs. With 18 active lenders competing for business in the Draper market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Draper is $798K at an average rate of 10.52%. The top lender in Draper is Fortis Bank, with the most-funded industry being Jewelry and Silverware Manufacturing. See all Utah SBA lenders for statewide rankings.
SBA Loans in Draper by Business Type
Whether you’re starting a new business in Draper, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 12% of SBA loans in Draper (4 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 31% (3 loans) — if you’re looking to buy a business in Draper, this is a proven use case for SBA financing. Existing businesses make up 51% and typically receive the most favorable terms.
Top SBA Lenders in Draper, UT (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Draper businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Fortis Bank | $5.0M | 1 | 9.5% |
| 2 | Bank of Utah | $3.9M | 1 | 8.5% |
| 3 | Gulf Coast Bank and Trust Company | $2.5M | 1 | 10% |
| 4 | The Huntington National Bank | $2.2M | 1 | 9.5% |
| 5 | Newtek Bank, National Association | $1.8M | 4 | 10.62% |
| 6 | Citizens Bank | $1.1M | 1 | 10% |
| 7 | Mountain America FCU | $902K | 4 | 10.55% |
| 8 | Redemption Bank | $835K | 1 | 10% |
| 9 | Central Bank | $648K | 1 | 9.5% |
| 10 | First Utah Bank | $525K | 2 | 9.88% |
The top lenders in Draper have direct experience with local businesses and understand the Draper market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Draper and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Draper
One 5-minute application. 18+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Draper
These are the industries that received the most SBA 7(a) funding in Draper in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Jewelry and Silverware Manufacturing | 1 | $5.0M |
| All Other Miscellaneous Manufacturing | 1 | $2.5M |
| Offices of Physical, Occupational and Speech Therapists, and Audiologi | 1 | $2.2M |
| Cosmetology and Barber Schools | 1 | $1.1M |
| Other Personal Care Services | 2 | $1.0M |
| Solar Electric Power Generation | 1 | $1.0M |
| Drafting Services | 1 | $835K |
| Full-Service Restaurants | 2 | $672K |
| Child Day Care Services | 2 | $629K |
| General Automotive Repair | 1 | $500K |
Lenders with experience funding your specific industry in Draper understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Draper
Option 1: Apply directly to one of the top Draper lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Draper-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
