Zions Bank Leads Utah in SBA 7(a) Loan Approvals for Fiscal Year 2026
Zions Bank has secured the top position in the Utah District for Small Business Administration (SBA) 7(a) loan approvals for the fiscal year ending September 30, 2026. The bank approved 226 loans totaling over $48 million, accounting for 21% of all 7(a) loans in the state. This lending activity supported Utah's ranking as the second-best state in the nation for small business growth despite economic headwinds like inflation and labor shortages. The bank's impact extended to regional employment, with its supported businesses creating 646 new jobs and retaining 1,249 positions within Utah. Furthermore, Zions Bank demonstrated a focus on inclusive entrepreneurship, noting that 39% of its SBA 7(a) loans in the region were awarded to businesses owned by women, veterans, and people of color.
Tickers: $ZION
Topics: economic development loan approvals SBA loans small business growth
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Part of the story Zions Bank Leads Idaho in SBA 7(a) Loan Approvals for Fiscal Year 2026 (2 articles)