SBA 7(a) lenders in Morgan, UT
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
19 institutions have SBA 7(a) loans on record in Morgan, together $17.2M across 57 loans. Milestone Bank is the largest, with 29% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Milestone Bank | 1 | $5.0M | 29.1% | 0.00% |
| 2 | Utah First FCU | 1 | $4.0M | 23.2% | 0.00% |
| 3 | Zions Bank, A Division of | 20 | $2.9M | 17.2% | 0.00% |
| 4 | Wells Fargo Bank National Association | 5 | $1.1M | 6.5% | 0.00% |
| 5 | Mountain America FCU | 6 | $1.0M | 6.0% | 3.36% |
| 6 | Central Bank | 1 | $750K | 4.4% | 0.00% |
| 7 | JPMorgan Chase Bank, National Association | 2 | $687K | 4.0% | 0.00% |
| 8 | Celtic Bank Corporation | 3 | $355K | 2.1% | 0.00% |
| 9 | Simmons Bank | 2 | $348K | 2.0% | 0.00% |
| 10 | Cache Valley Bank | 1 | $190K | 1.1% | 0.00% |
| 11 | United Midwest Savings Bank National Association | 1 | $150K | 0.9% | 0.00% |
| 12 | Community Banks of Colorado, A Division of NBH Bank | 1 | $150K | 0.9% | 0.00% |
| 13 | Goldenwest Federal Credit Union | 4 | $110K | 0.6% | 0.00% |
| 14 | Bank of Utah | 1 | $100K | 0.6% | 0.00% |
| 15 | U.S. Bank, National Association | 3 | $98K | 0.6% | 0.00% |
| 16 | BayFirst National Bank | 1 | $72K | 0.4% | 0.00% |
| 17 | KeyBank National Association | 2 | $55K | 0.3% | 0.00% |
| 18 | America First Federal Credit Union | 1 | $20K | 0.1% | 0.00% |
| 19 | Wasatch Peaks FCU | 1 | $10K | 0.1% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Construction | 12 | $5.7M | 33.5% |
| 2 | Real estate & leasing | 3 | $4.2M | 24.3% |
| 3 | Administrative & waste services | 7 | $960K | 5.6% |
| 4 | Professional & technical services | 7 | $952K | 5.5% |
| 5 | Wholesale trade | 1 | $750K | 4.4% |
| 6 | Retail trade | 3 | $737K | 4.3% |
| 7 | Manufacturing | 5 | $663K | 3.9% |
| 8 | Manufacturing | 1 | $650K | 3.8% |
| 9 | Transportation & warehousing | 3 | $641K | 3.7% |
| 10 | Health care & social assistance | 4 | $520K | 3.0% |
| 11 | Other services | 2 | $348K | 2.0% |
| 12 | Transportation & warehousing | 1 | $307K | 1.8% |
| 13 | Retail trade | 3 | $300K | 1.8% |
| 14 | Management of companies | 1 | $221K | 1.3% |
| 15 | Arts, entertainment & recreation | 1 | $100K | 0.6% |
| 16 | Agriculture, forestry & fishing | 1 | $50K | 0.3% |
| 17 | Information | 1 | $30K | 0.2% |
| 18 | Educational services | 1 | $20K | 0.1% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.