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Zions Bank's Impact on Small Business Growth in Utah

In a remarkable turn of events, Utah has emerged as a beacon of small business growth in 2026, overcoming challenges such as inflation, tariffs, and labor shortages. This growth can be attributed significantly to the unwavering support from Zions Bank, which has solidified its position as the premier lender for SBA 7(a) loans in the region.

According to a recent report by WalletHub, Utah ranked second nationally for small business growth this year, largely due to the accessibility of SBA loans. These loans have become crucial for entrepreneurs seeking to launch and expand their businesses. Zions Bank has played a pivotal role in this landscape, concluding the fiscal year on September 30, 2026, as the top bank for SBA 7(a) loan approvals within the Utah District. The bank's accomplishment included the approval of 226 loans, collectively exceeding $48 million, a testament to its dedication to fostering small business success across the Intermountain West.

Nate Callister, the president and CEO of Zions Bank, emphasized the critical role small businesses play as the engines of economic growth in local communities. With nearly half of the small businesses supported by Zions Bank being new ventures, the bank is proud to contribute to bringing these entrepreneurial dreams to life.

For an astounding 30 out of the last 33 years, Zions Bank has led the Utah District in SBA 7(a) lending, boasting an average loan size of $213,072. This strategic focus underscores its commitment to supporting mom-and-pop shops, solo entrepreneurs, and early-stage projects that form the backbone of Utah's economy.

In 2026, the ventures financed through Zions Bank directly contributed to the creation of 646 new jobs and the retention of 1,249 positions across the state—a clear indicator of the bank’s impact. Its approved loans accounted for an impressive 21% of all 7(a) loans issued in Utah this fiscal year.

Moreover, Zions Bank is devoted to promoting inclusive entrepreneurship, with a commendable 39% of SBA 7(a) loans awarded to businesses owned by women, veterans, and individuals of color. This initiative not only stimulates economic diversity but also drives innovation and growth within the entrepreneurial community.

About the SBA 7(a) Loan Program

The SBA 7(a) loan program is designed to provide essential financial assistance to small businesses in the United States. With the ability to guarantee loans up to $5 million, this program allows entrepreneurs to secure necessary funding to acquire land, purchase equipment, or support working capital needs. However, it is important to note that credit approval and SBA approval are required, and all terms and conditions must apply.

About Zions Bank

Founded in 1873, Zions Bank proudly holds the title of Utah’s oldest financial institution and maintains the only statewide distribution of branches within the state. Operating 93 full-service branches across Utah, along with 25 branches in neighboring Idaho and Wyoming, Zions Bank offers a comprehensive range of traditional banking services. It also stands out as a leader in small business lending, continuing its legacy of supporting community growth for over 150 years. Discover more about Zions Bank and their offerings by visiting zionsbank.com.

As small businesses continue to be pivotal to Utah's economic development, Zions Bank remains dedicated to providing the necessary support and resources to entrepreneurs looking to make their mark. With its historical roots and ongoing commitment to the community, the collaboration between Zions Bank and local businesses promises a prosperous future for Utah.