SBA Loans for Electrical Contractors in Utah: Top Lenders
NAICS 238NAICS 238 covers electrical contractors businesses in Utah. Based on historical SBA 7(a) lending data.
Total Approvals
122
in Utah
Median Loan Size
$150,000
per approval
Recent Activity
20
last 90 days through Dec 2025
NAICS 238 covers electrical contractors businesses. This is a moderately active sector for SBA 7(a) lending with 122 approvals and a median loan size of $150,000.
Key trends & insights
- U.s. Bank, National Association leads this industry with 18 approvals (17% market share) and a median loan of $35,000.
- Electrical Contractors in Utah loans skew smaller than the SBA average at $150,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Electrical Contractors in Utah
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 18 | $35,000 | |
| 2 | 14 | $50,000 | |
| 3 | 10 | $37,500 | |
| 4 | 7 | $63,100 | |
| 5 | 6 | $250,000 | |
| 6 | 6 | $293,350 | |
| 7 | 5 | $50,000 | |
| 8 | 4 | $507,000 | |
| 9 | 4 | $179,500 | |
| 10 | 3 | $100,000 | |
| 11 | 3 | $10,000 | |
| 12 | 3 | $350,000 | |
| 13 | 3 | $250,000 | |
| 14 | 3 | $985,000 | |
| 15 | 3 | $150,000 | |
| 16 | 3 | $478,100 | |
| 17 | 2 | $2,680,000 | |
| 18 | 2 | $95,700 | |
| 19 | 2 | $425,000 | |
| 20 | 2 | $2,441,000 |
Recent SBA 7(a) approvals for Electrical Contractors in Utah
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | U.S. Bank, National Association | THE*****LLC | SALT LAKE CITY, UT | $50,000 |
| 2025-11 | Central Bank | Hux*****LLC | COALVILLE, UT | $250,000 |
| 2025-11 | Milestone Bank | DZN*****LLC | Salt Lake City, UT | $1,950,000 |
| 2025-11 | Canyon View Federal Credit Union | Roc*****LLC | SALT LAKE CITY, UT | $500,000 |
| 2025-11 | Live Oak Banking Company | OC *****INC | SALT LAKE CITY, UT | $1,984,400 |
| 2025-11 | Celtic Bank Corporation | DKA*****LLC | BLUFFDALE, UT | $150,000 |
| 2025-08 | Mountain America FCU | UNI*****INC | WOODS CROSS, UT | $50,000 |
| 2025-08 | Central Bank | FT****rp. | LINDON, UT | $300,000 |
| 2025-08 | KeyBank National Association | KIN*****INC | DRAPER, UT | $15,000 |
| 2025-08 | Northeast Bank | LOW*****LLC | PROVO, UT | $200,000 |
| 2025-08 | U.S. Bank, National Association | SAN*****LLC | OGDEN, UT | $50,000 |
| 2025-08 | CenTrust Bank, A Division of SmartBiz Bank National Associat | Apo*****Co. | SYRACUSE, UT | $150,000 |
| 2025-08 | Mountain America FCU | Hig*****LLC | LA VERKIN, UT | $25,000 |
| 2025-07 | Cache Valley Bank | ORE*****LLC | HYRUM, UT | $85,000 |
| 2025-07 | First Utah Bank | Blu*****LLC | OREM, UT | $985,000 |
| 2025-06 | Mountain America FCU | SRR*****LLC | SANDY, UT | $212,500 |
| 2025-06 | Byline Bank | Inn*****LLC | SALT LAKE CITY, UT | $4,000,000 |
| 2025-06 | Mountain America FCU | WHI*****LLC | BRIGHAM CITY, UT | $20,000 |
| 2025-06 | United Midwest Savings Bank National Association | TJC*****rem | PROVO, UT | $250,000 |
| 2025-06 | Citizens Bank | AGA*****LLC | Salt Lake City, UT | $3,774,600 |
| 2025-05 | Zions Bank, A Division of | Wel*****ign | VERNAL, UT | $965,000 |
| 2025-05 | Central Bank | ALL*****LLC | BLUFFDALE, UT | $250,000 |
| 2025-04 | Mountain America FCU | Str*****LLC | SAINT GEORGE, UT | $25,000 |
| 2025-03 | Zions Bank, A Division of | Lux*****LLC | DRAPER, UT | $138,500 |
| 2025-03 | Zions Bank, A Division of | Lux*****LLC | DRAPER, UT | $25,000 |
| 2025-03 | Zions Bank, A Division of | Wit*****LLC | PROVO, UT | $25,000 |
| 2025-03 | Cache Valley Bank | TUR*****NC. | SALT LAKE CITY, UT | $2,500,000 |
| 2025-03 | U.S. Bank, National Association | Nie*****orp | WEST VALLEY, UT | $706,000 |
| 2025-03 | Zions Bank, A Division of | MET*****LLC | WEST VALLEY CITY, UT | $10,000 |
| 2025-02 | JPMorgan Chase Bank, National Association | GAR*****NC. | SANDY, UT | $84,800 |
| 2025-01 | First Internet Bank of Indiana | KV *****nc. | SAINT GEORGE, UT | $250,000 |
| 2025-01 | U.S. Bank, National Association | EXC*****LLC | MILLCREEK, UT | $25,000 |
| 2025-01 | First Internet Bank of Indiana | KV *****nc. | SAINT GEORGE, UT | $4,632,000 |
| 2025-01 | Northeast Bank | Blu*****LLC | South Jordan, UT | $500,000 |
| 2025-01 | Mountain America FCU | Pre*****Inc | SOUTH SALT LAKE, UT | $50,000 |
| 2025-01 | Central Bank | Sup*****LLC | SPRINGVILLE, UT | $500,000 |
| 2025-01 | JPMorgan Chase Bank, National Association | BLA*****INC | SPANISH FORK, UT | $100,000 |
| 2024-12 | Northeast Bank | SPA*****RP. | CEDAR CITY, UT | $478,100 |
| 2024-11 | KeyBank National Association | Har*****LLC | WEST JORDAN, UT | $50,000 |
| 2024-11 | BayFirst National Bank | Dan*****nc. | TAYLORSVILLE, UT | $150,000 |
| 2024-11 | Northwest Bank | Har*****LLC | WEST JORDAN, UT | $710,000 |
| 2024-11 | Newtek Bank, National Association | J. *****ION | Hooper, UT | $345,000 |
| 2024-11 | Pathward National Association | Cie*****nc. | SOUTH SALT LAKE, UT | $3,240,000 |
| 2024-10 | Mountain America FCU | RM *****NC. | WEST JORDAN, UT | $50,000 |
| 2024-10 | Mountain America FCU | D &*****ING | PAYSON, UT | $50,000 |
| 2024-10 | United Midwest Savings Bank National Association | Hol*****Roy | Clinton, UT | $350,000 |
| 2024-08 | JPMorgan Chase Bank, National Association | TEC*****LLC | WASHINGTON, UT | $500,000 |
| 2024-08 | Cache Valley Bank | JOL*****CO. | UINTAH, UT | $200,000 |
| 2024-08 | First Utah Bank | Big*****LLC | SALT LAKE CITY, UT | $150,000 |
| 2024-06 | Zions Bank, A Division of | ATL*****INC | TAYLORSVILLE, UT | $10,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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