Best SBA Lenders in Lehi, UT (2026)
2025 FOIA data: top lenders, rates & industries for Lehi SBA loans
SBA Loans in Lehi, Utah
Looking for an SBA loan in Lehi, Utah? Based on 2025 FOIA data, 39 SBA 7(a) loans were funded in Lehi totaling $22.0M, supporting an estimated 299 jobs. With 19 active lenders competing for business in the Lehi market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Lehi is $565K at an average rate of 10.36%. The top lender in Lehi is MISSINGMAINBANKID, with the most-funded industry being Veterinary Services. See all Utah SBA lenders for statewide rankings.
SBA Loans in Lehi by Business Type
Whether you’re starting a new business in Lehi, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 7% of SBA loans in Lehi (2 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 34% (6 loans) — if you’re looking to buy a business in Lehi, this is a proven use case for SBA financing. Existing businesses make up 45% and typically receive the most favorable terms.
Top SBA Lenders in Lehi, UT (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Lehi businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | MISSINGMAINBANKID | $5.4M | 4 | 8.62% |
| 2 | Live Oak Banking Company | $5.0M | 1 | 6.88% |
| 3 | Newtek Bank, National Association | $3.2M | 3 | 10.5% |
| 4 | Dogwood State Bank | $1.2M | 2 | 10.75% |
| 5 | Citizens Bank | $1.2M | 1 | 10.25% |
| 6 | Mountain America FCU | $934K | 3 | 7.92% |
| 7 | Central Bank | $927K | 3 | 10.17% |
| 8 | Celtic Bank Corporation | $781K | 1 | 10% |
| 9 | Bank of Utah | $740K | 3 | 10.17% |
| 10 | Zions Bank, A Division of | $650K | 7 | 10.46% |
The top lenders in Lehi have direct experience with local businesses and understand the Lehi 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 Lehi 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 Lehi
One 5-minute application. 19+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Lehi
These are the industries that received the most SBA 7(a) funding in Lehi 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 |
|---|---|---|
| Veterinary Services | 1 | $5.0M |
| Sporting and Athletic Goods Manufacturing | 1 | $2.7M |
| Offices of Chiropractors | 2 | $1.7M |
| Plumbing, Heating, and Air-Conditioning Contractors | 2 | $1.2M |
| New Single-Family Housing Construction (except Operative Builders) | 2 | $717K |
| Administrative Management and General Management Consulting Services | 3 | $525K |
| Landscaping Services | 1 | $435K |
| Other Waste Collection | 1 | $425K |
| Offices of Physicians (except Mental Health Specialists) | 1 | $375K |
| Other Services to Buildings and Dwellings | 1 | $350K |
Lenders with experience funding your specific industry in Lehi 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 Lehi
Option 1: Apply directly to one of the top Lehi 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 Lehi-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.
