Best SBA Lenders in Orem, UT (2026)
2025 FOIA data: top lenders, rates & industries for Orem SBA loans
SBA Loans in Orem, Utah
Looking for an SBA loan in Orem, Utah? Based on 2025 FOIA data, 42 SBA 7(a) loans were funded in Orem totaling $22.0M, supporting an estimated 540 jobs. With 21 active lenders competing for business in the Orem market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Orem is $523K at an average rate of 10.06%. The top lender in Orem is The Huntington National Bank, with the most-funded industry being Other Building Finishing Contractors. See all Utah SBA lenders for statewide rankings.
SBA Loans in Orem by Business Type
Whether you’re starting a new business in Orem, 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 Orem (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% (5 loans) — if you’re looking to buy a business in Orem, this is a proven use case for SBA financing. Existing businesses make up 55% and typically receive the most favorable terms.
Top SBA Lenders in Orem, UT (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Orem businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | The Huntington National Bank | $4.4M | 2 | 9.25% |
| 2 | Newtek Bank, National Association | $3.0M | 1 | 11% |
| 3 | Capital Community Bank | $2.1M | 5 | 9.95% |
| 4 | Bank of Utah | $1.6M | 2 | 9.75% |
| 5 | Mountain America FCU | $1.3M | 4 | 10.31% |
| 6 | Central Bank | $1.2M | 6 | 10% |
| 7 | Northeast Bank | $1.1M | 4 | 10.56% |
| 8 | MISSINGMAINBANKID | $1.0M | 2 | 9.12% |
| 9 | First Utah Bank | $985K | 1 | 10% |
| 10 | Zions Bank, A Division of | $861K | 2 | 10.8% |
The top lenders in Orem have direct experience with local businesses and understand the Orem 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 Orem 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 Orem
One 5-minute application. 21+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Orem
These are the industries that received the most SBA 7(a) funding in Orem 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 |
|---|---|---|
| Other Building Finishing Contractors | 2 | $4.4M |
| Commercial Gravure Printing | 1 | $3.0M |
| Offices of Chiropractors | 2 | $1.7M |
| Paint, Varnish, and Supplies Merchant Wholesalers | 4 | $1.7M |
| General Freight Trucking, Local | 1 | $1.5M |
| Used Car Dealers | 2 | $1.4M |
| Financial Transactions Processing, Reserve, and Clearinghouse Activiti | 2 | $1.0M |
| Site Preparation Contractors | 1 | $985K |
| Computer Systems Design Services | 1 | $780K |
| All Other Plastics Product Manufacturing | 2 | $577K |
Lenders with experience funding your specific industry in Orem 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 Orem
Option 1: Apply directly to one of the top Orem 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 Orem-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
How many SBA loans were funded in Orem in 2025?
Can I get an SBA loan to start a business in Orem?
Who is the top SBA lender in Orem?
What is the average SBA loan rate in Orem?
Ready to Apply for an SBA Loan in Orem?
50+ lenders competing for your deal. Better rates, faster closing. No fees.
Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
