Bank of Utah has been named the recipient of the Top Export Lender Award by the U.S. Small Business Administration (SBA) Utah District Office for the second consecutive year. The honor is part of the agency's annual recognition of top-performing SBA lenders.
Impact on international expansion
This achievement highlights the bank's role in helping small businesses within Utah expand their products and services into international markets.
Commitment to client service excellence
Brett Jensen, SVP and SBA administrator at Bank of Utah, stated that winning the award for two years in a row demonstrates that the bank has maintained momentum and high standards of client service as Utah companies grow worldwide. He noted that small businesses are the driving force behind vibrant communities.
Benefits of SBA Preferred Lender status
As an SBA Preferred Lender, Bank of Utah possesses the authority to make credit decisions and administer loan applications before final SBA approval. This partnership allows for local decision-making, which helps accelerate the loan funding process. Loan officers assist business owners with gathering documentation, structuring business plans, and presenting financial projections.
Significant contributions to Utah lending
SBA lending programs serve as essential tools for entrepreneurs seeking capital to start and expand businesses. During National Small Business Week 2026, it was reported that over $920 million in SBA-backed loans were delivered to Utah businesses, with Bank of Utah contributing $77.5 million of that total.
Recognition during Small Business Week
Bank of Utah and other top lenders were celebrated during National Small Business Week, which took place from May 3-9. Additionally, the 2026 Small Business Award winners in Utah were recognized at a luncheon held on April 17.
