# Small business loans in Orem, UT

**Short answer:** The most active SBA lenders in Orem, UT since FY2024 are Central Bank (11 loans) and Zions Bank (8). The median loan was $250,000, and half fell between $100,000 and $561,900. For free help, see the Utah Small Business Development Center. Source: SBA 7(a) loan data.

Canonical page: https://www.sbaexpress.loans/utah-small-business-loans/orem/
Data as of: 2026-06-30

## Lenders making SBA loans in Orem

No lender made more than 16% of the loans in Orem, and Central Bank made the most. The five largest lenders together made 51%.

**Lenders with five or more SBA loans in Orem, UT, FY2024 to June 2026**

| Lender | Loans | Share |
| --- | --- | --- |
| [Central Bank](https://www.sbaexpress.loans/sba-express-lenders/central-bank/) | 11 | 16.2% |
| [Zions Bank](https://www.sbaexpress.loans/sba-express-lenders/zions-bank/) | 8 | 11.8% |
| [Mountain America Credit Union](https://www.sbaexpress.loans/sba-express-lenders/mountain-america-credit-union/): Credit union | 6 | 8.8% |
| [Newtek Bank](https://www.sbaexpress.loans/sba-express-lenders/newtek-bank/) | 5 | 7.4% |
| [U.S. Bank](https://www.sbaexpress.loans/sba-express-lenders/u-s-bank/) | 5 | 7.4% |

Share is the percent of all Orem loans in that period. Each name links to that lender's page for Utah where one exists.

## Local help near Orem

Orem borrowers can start with SBA's district office for Utah, an SBDC or SCORE.

34% of Orem borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.

SBA has one district office for Utah. Its page points to state and federal resources and to lenders in the area. The Utah Small Business Development Center gives free counseling across Utah.

- [SBA Utah District Office: SBA district office](https://www.sba.gov/district/utah)
- [Utah Small Business Development Center: Small Business Development Center](https://utahsbdc.org/)
- [SCORE mentors in Utah: Business mentoring](https://www.score.org/ut/)

Alongside SBA loans, Utah runs two loan programs. The [Utah page](https://www.sbaexpress.loans/utah-small-business-loans/#loan-programs-in-utah) describes each, and the official pages are linked here.

- [USBCI Loan Participation Program](https://business.utah.gov/usbci/)
- [USBCI Capital Access Program](https://business.utah.gov/usbci/)

## Loan counts and sizes in Orem

Orem ranks 9th by loans since FY2024 among the 16 Utah cities with 100 or more SBA loans since FY2020. Nationally it is the 377th busiest of the 580 cities that reach 100 loans.

The 68 loans, 2.4% of the 2,881 in Utah, were approved for $37.1 million in all. The median loan was $250,000, 66% above the national median of $150,300. Half of the loans fell between $100,000 and $561,900. The Orem median is 67% above the Utah median of $150,000.

**Orem, UT compared with Utah and the nation, loans from FY2024 to June 2026**

| Measure | Orem | Utah | U.S. |
| --- | --- | --- | --- |
| Loans | 68 | 2,881 | 162,355 |
| Median loan | $250,000 | $150,000 | $150,300 |
| 25th percentile | $100,000 | $60,000 | $50,000 |
| 75th percentile | $561,900 | $499,000 | $500,000 |
| Via SBA Express | 35.3% | 34.7% | 35.8% |
| Lines of credit | 30.9% | 29.5% | 28.1% |
| Startups | 11.8% | 16.5% | 16.1% |
| Ownership changes | 13.2% | 9.5% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.25 | 2.5 | 2.75 |
| Charged off | 0.0% | 2.9% | 3.6% |

A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.

72% of the loans were $500,000 or less, the size SBA Express covers. 35.3% of all loans went through SBA Express, close to the national 35.8%. Lines of credit were 30.9% of loans, close to the national 28.1%.

SBA loans in Orem, UT by size, FY2024 to June 2026

- $50,000 or less (19%): 13
- $50,001 to $150,000 (24%): 16
- $150,001 to $350,000 (16%): 11
- $350,001 to $500,000 (13%): 9
- $500,001 to $1,000,000 (15%): 10
- $1,000,001 to $2,000,000 (9%): 6
- Over $2,000,000: Fewer than 5

Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.

By business age, 52.9% of loans went to businesses more than two years old and 22.1% to businesses two years old or younger. Startups received 11.8% and changes of ownership 13.2%. The national startup share is 16.1%.

SBA loans in Orem, UT by fiscal year

- FY2020: 28
- FY2021: 24
- FY2022: 26
- FY2023: 30
- FY2024: 24
- FY2025: 31
- FY2026 (through June 30): 13

Fiscal years run October to September. The last bar covers nine of its twelve months.

Volume rose 29% from FY2024 (24 loans) to FY2025 (31), the two latest full years. The busiest full year in the file was FY2025, with 31 loans. FY2026 already shows 13 loans through June 30.

Of the 78 loans Orem borrowers received in FY2020 to FY2022, 0.0% were charged off by June 30, 2026, against 3.6% nationally. That group is small, so treat the rate as rough. Lenders reported 1,013 jobs supported across the 68 loans since FY2024, about 14.9 per loan. SBA does not audit these estimates.

## What businesses in Orem borrow for

Fitness and Recreational Sports Centers was the largest borrower group in Orem since FY2020, with 7 loans or 4.0% of the total.

The five largest industries made up 16% of all Orem loans since FY2020.

**Industries with the most SBA loans in Orem, UT, FY2020 to June 2026**

| Industry | Loans | Share | U.S. share |
| --- | --- | --- | --- |
| [Fitness and Recreational Sports Centers](https://www.sbaexpress.loans/industries/fitness-recreational-sports-centers/) | 7 | 4.0% | 2.1% |
| Iron and Steel Pipe and Tube Manufacturing from Purchased Steel | 6 | 3.4% | n/a |
| [Educational Support Services](https://www.sbaexpress.loans/industries/educational-support-services/) | 5 | 2.8% | 0.2% |
| [Full-Service Restaurants](https://www.sbaexpress.loans/industries/full-service-restaurants/) | 5 | 2.8% | 4.6% |
| [Sports and Recreation Instruction](https://www.sbaexpress.loans/industries/sports-recreation-instruction/) | 5 | 2.8% | 0.5% |

Share is the percent of all Orem loans in that period. Industry is the NAICS code on each loan. A name links to the Utah page for that industry where one exists.

## A typical loan payment in Orem

The median Orem loan was $250,000 with a median term of 10 years.

The median variable-rate loan in Orem was priced at Prime plus 2.25 percentage points at approval. At today's Prime that spread works out to 9.25%. On $250,000 over 10 years, principal and interest would come to about $3,201 a month. That is arithmetic on past loans, not a rate a lender is offering.

**Payment at today's rate on three Orem loan sizes over 10 years**

| Loan | Amount | Monthly payment |
| --- | --- | --- |
| 25th percentile loan | $100,000 | $1,280 |
| Median loan | $250,000 | $3,201 |
| 75th percentile loan | $561,900 | $7,194 |

Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.

SBA's rate ceiling for this loan size

SBA's maximum for a loan of $250,000 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.8 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).

Orem loans approved since FY2024 had a median starting rate of 9.75% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.

Run your own numbers: [payments on a $250,000 loan](https://www.sbaexpress.loans/loan-amounts/250000-business-loan/) and [SBA Express payment calculator](https://www.sbaexpress.loans/sba-express-payment-calculator/).

## SBA 504 loans near Orem

Orem has 22 SBA 504 loans since FY2024, with $17.9 million in SBA and CDC dollars.

The median 504 loan in Orem was $613,000 in SBA and CDC dollars, 12% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.

Mountain West Small Business Finance is the Certified Development Company (CDC) named on the most loans since FY2020, with 75. Intermountain Business Lending, Inc. follows with 10. The three CDCs listed are named on 91 loans between them.

**CDCs named on five or more 504 loans in Orem, FY2020 to June 2026**

| Certified Development Company | 504 loans |
| --- | --- |
| Mountain West Small Business Finance | 75 |
| Intermountain Business Lending, Inc. | 10 |
| B:Side Capital | 6 |

How a 504 loan is split

A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capital or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a [list of Certified Development Companies](https://www.sba.gov/loans/504-loans/list-of-certified-development-companies/).

## Utah cities near Orem

Orem made up 2.4% of Utah's SBA loans since FY2024.

Orem is one of 16 Utah cities with 100 or more SBA loans since FY2020. The [Utah page](https://www.sbaexpress.loans/utah-small-business-loans/) covers all 2,881 loans in Utah. The closest come first, ranked by county and ZIP code on their loans.

- [Lehi: 96 loans, median $198,750](https://www.sbaexpress.loans/utah-small-business-loans/lehi/)
- [American Fork: 54 loans, median $150,000](https://www.sbaexpress.loans/utah-small-business-loans/american-fork/)
- [Provo: 63 loans, median $200,000](https://www.sbaexpress.loans/utah-small-business-loans/provo/)
- [Midvale: 61 loans, median $165,000](https://www.sbaexpress.loans/utah-small-business-loans/midvale/)
- [Sandy: 112 loans, median $177,500](https://www.sbaexpress.loans/utah-small-business-loans/sandy/)
- [Layton: 60 loans, median $150,000](https://www.sbaexpress.loans/utah-small-business-loans/layton/)
- [West Jordan: 77 loans, median $150,000](https://www.sbaexpress.loans/utah-small-business-loans/west-jordan/)
- [Draper: 72 loans, median $237,700](https://www.sbaexpress.loans/utah-small-business-loans/draper/)

## Common questions about SBA loans in Orem

### Which lenders make the most SBA loans in Orem?

Central Bank leads with 11 loans in Orem since FY2024. Zions Bank (8) and Mountain America Credit Union (6) follow. Only lenders with five or more Orem loans are counted.

### Which industries get SBA loans in Orem?

Fitness and Recreational Sports Centers leads with 7 loans in Orem since FY2020. Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (6) and Educational Support Services (5) follow.

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [SBA, 504 loans](https://www.sba.gov/loans/504-loans/)
- [SBA, resource partners: SBDCs and SCORE](https://www.sba.gov/counseling/local-assistance/resource-partners/)
- [SBA Utah District Office](https://www.sba.gov/district/utah)
- [Utah Small Business Development Center](https://utahsbdc.org/)
- [SCORE, Utah](https://www.score.org/ut/)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)](https://www.sba.gov/loans/504-loans/)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)](https://www.ecfr.gov/current/title-13/section-120.214)