First Utah Bank
Headquartered in SALT LAKE CITY, UT. Analysis based on 120 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $170.4M.
Total 7(a) loans
120
Total approved
$170.4M
Average loan
$1.4M
States funded in
13
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
52.73%
Average rate
8.74%
Average term
181 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 8 |
| 721110 | Hotels (except Casino Hotels) and Motels | 7 |
| 722513 | Limited-Service Restaurants | 6 |
| 323113 | Commercial Screen Printing | 5 |
| 561621 | Security Systems Services (except Locksmiths) | 4 |
| 811111 | General Automotive Repair | 4 |
| 624410 | Child Day Care Services | 4 |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 4 |
| 238990 | All Other Specialty Trade Contractors | 3 |
| 238910 | Site Preparation Contractors | 3 |
Top 10 states
| State | Loans |
|---|---|
| UT | 93 |
| ID | 5 |
| TX | 4 |
| AZ | 4 |
| CA | 3 |
| MI | 2 |
| FL | 2 |
| WY | 2 |
| KS | 1 |
| WA | 1 |
Top franchise brands financed
15 franchise loans across 9 distinct brands.
| Franchise | Loans |
|---|---|
| Massage LuXe | 3 |
| Kiddie Academy | 3 |
| Motel 6 | 2 |
| Extended Stay America Suites f | 2 |
| Sunbelt Business Brokers | 1 |
| Red Roof Inn | 1 |
| Sleep Inn by Choice Hotels/Sle | 1 |
| The Original Pancake House | 1 |
| Circle K Convenience Store & M | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.