Best SBA Lenders in Sandy, UT (2026)
2025 FOIA data: top lenders, rates & industries for Sandy SBA loans
SBA Loans in Sandy, Utah
Looking for an SBA loan in Sandy, Utah? Based on 2025 FOIA data, 53 SBA 7(a) loans were funded in Sandy totaling $25.4M, supporting an estimated 535 jobs. With 19 active lenders competing for business in the Sandy market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Sandy is $480K at an average rate of 9.9%. The top lender in Sandy is Gulf Coast Bank and Trust Company, with the most-funded industry being Roofing Contractors. See all Utah SBA lenders for statewide rankings.
SBA Loans in Sandy by Business Type
Whether you’re starting a new business in Sandy, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 9% of SBA loans in Sandy (6 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 7% (2 loans) — if you’re looking to buy a business in Sandy, this is a proven use case for SBA financing. Existing businesses make up 58% and typically receive the most favorable terms.
Top SBA Lenders in Sandy, UT (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Sandy businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Gulf Coast Bank and Trust Company | $5.1M | 3 | 10.5% |
| 2 | Mountain America FCU | $4.3M | 13 | 9.25% |
| 3 | Live Oak Banking Company | $3.0M | 2 | 9.12% |
| 4 | Bank of Utah | $2.7M | 1 | 10.75% |
| 5 | Zions Bank, A Division of | $2.5M | 12 | 10.22% |
| 6 | U.S. Bank, National Association | $1.5M | 2 | 7.03% |
| 7 | Banc of California | $997K | 1 | 7.75% |
| 8 | KeyBank National Association | $970K | 1 | 10% |
| 9 | Brighton Bank | $950K | 1 | 9.75% |
| 10 | Canyon View Federal Credit Union | $757K | 5 | 10.5% |
The top lenders in Sandy have direct experience with local businesses and understand the Sandy 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 Sandy 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 Sandy
One 5-minute application. 19+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Sandy
These are the industries that received the most SBA 7(a) funding in Sandy 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 |
|---|---|---|
| Roofing Contractors | 3 | $5.1M |
| Offices of Dentists | 2 | $3.0M |
| Process, Physical Distribution, and Logistics Consulting Services | 1 | $2.7M |
| Limited-Service Restaurants | 2 | $1.0M |
| Baked Goods Stores | 1 | $970K |
| Pet Care (except Veterinary) Services | 1 | $950K |
| Full-Service Restaurants | 1 | $919K |
| Insurance Agencies and Brokerages | 2 | $868K |
| Specialized Freight (except Used Goods) Trucking, Long-Distance | 1 | $820K |
| Breweries | 1 | $794K |
Lenders with experience funding your specific industry in Sandy 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 Sandy
Option 1: Apply directly to one of the top Sandy 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 Sandy-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.
