How many small businesses are in Utah?

Utah has approximately 342,000 small businesses, representing 99.4 percent of all businesses in the state. They employ 657,000 workers — 47.4 percent of Utah's private workforce. Source: SBA Office of Advocacy, 2024 Small Business Profile.

How active is SBA 7(a) lending in Utah?

Utah received 1,124 SBA 7(a) loan approvals in FY2024, totaling $476 million. The average loan size was approximately $424,000. Source: SBA FOIA loan dataset, FY2024 aggregate.

Does Utah have a commercial financing disclosure law?

Yes. Utah enacted commercial financing disclosure and registration requirements under UCC Title 7 amendments, effective 2022. Disclosure obligations rest with the financing provider. ClearValue Lending's lender partners deliver Utah-compliant disclosures to borrowers at offer stage.

What financing products work best for Utah small businesses?

Tech and professional services firms use working capital lines. Construction businesses use equipment financing and SBA 7(a). Tourism and hospitality businesses use revenue-based financing. The right product depends on your industry and revenue profile.

Is ClearValue Lending available in Utah?

Yes. ClearValue Lending routes Utah SMB applicants to lender partners operating across Salt Lake City, Provo, Ogden, St. George, and statewide. We are a funding platform, not a lender or broker.

What are typical eligibility minimums for Utah SMB financing?

SBA 7(a) typically requires 2+ years in business, 650+ FICO, and $150,000+ annual revenue. Revenue-based financing may be available with 500+ FICO, 6+ months in business, and $10,000+ monthly revenue. All financing is subject to lender underwriting.

Small Business Loans in Utah

Utah has 342,000 small businesses employing 657,000 workers — 47.4 percent of the state's private workforce. In FY2024, Utah small businesses received 1,124 SBA 7(a) loans totaling $476 million, with an average loan size of approximately $424,000. Utah's SMB economy has been one of the fastest-growing in the country — anchored by the 'Silicon Slopes' tech corridor (Lehi, Draper, Salt Lake City) and sustained by population growth, outdoor recreation tourism, and a significant construction boom.