Utah Small Business
Small businesses are an important part of Utah's economy. Small Business Administration statistics, as published in the SBA Office of Advocacy state profiles, show that there are around 268,872 small businesses in Utah, making up an roughly 99.3% of all Utah-based businesses!
With a workforce of no less than 540,268 employees, small businesses thrive in the Beehive State. During the most recent notable financial year, lending institutions gave out 57,104 loans (under $100,000) that totaled to around $848.5 million. Financial analysis shows that Utah is one of the best places for small business owners to grow their businesses.
Whatever your situation may be, SBA-backed loans are extremely useful for any small business in Utah, and SBAExpress.Loans is standing by to provide you with all the help you need to get the financing your small business needs. And it's not just us; many of the major SBA-approved lending partners like Wells Fargo, JP Morgan Chase Bank, and Truist (formerly SunTrust) have branches statewide to service your SBA Express loan needs. Let us help get you connected today!