Utah SBA celebrates impact on state businesses climbing to $2.1 billion over the past year

National Small Business Week is a momentous occasion to honor the spirit of entrepreneurship, resilience and innovation that drives our local economies and communities forward. This year, as we celebrate the achievements of small businesses across the nation, we extend our heartfelt congratulations to our Utah Small Business Award Winners and the lenders who are being recognized for their outstanding contributions and dedication to fostering small- business growth.

Amidst this celebration, we are thrilled to highlight the remarkable accomplishments of the SBA Utah District Office, showcasing the tremendous impact we’ve had on Utah’s small-business landscape. In the past year alone, our total SBA capital infusion soared to an impressive $2.1 billion.

Working collaboratively with our network of 90 lenders, we facilitated over 1,000 loans, totaling over $1 billion. These figures underscore our unwavering commitment to supporting entrepreneurs and solidify Utah’s reputation as a premier destination for business growth. Small businesses across diverse sectors thrived with the support of our SBA resource partners, leading to the launch of 679 new ventures and the creation of nearly 2,400 jobs.

As we honor the recipients of this year’s NSBW awards and recognize the exceptional work of our lending partners, we extend our gratitude to all who contribute to the success of our small-business community. The SBA Utah District Office remains dedicated to nurturing an inclusive entrepreneurial ecosystem, providing resources, grants and training programs that empower business owners to thrive.

Warm regards,

Marla Trollan