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SBA Update: Utah Ranks First in Nation for COVID-Related SBA Funding

SBA Update: Utah Ranks First in Nation for COVID-Related SBA Funding

SBA Update: Utah Ranks First in Nation for COVID-Related SBA Funding

SBA Utah Tops Nation for COVID-19 Small Business Lending

SBA Utah District Office is proud to say that we rank #1 in nation for SBA COVID-19 small business lending.
According to a recent Bloomberg article (which used data sourced from SBA and several other sources) Utah's SBA lenders are among the most effective in the nation when it comes to covering the small business payroll gaps caused by the COVID-19 slowdown.
SBA lending in Utah has provided economic relief to nearly 75% of the state's qualified small businesses.
District Director, Marla Trollan, attributes the success of the agency's programs to the hard work and dedication of the professionals at SBA Utah, SBA's Utah's lending partners and resource partners funded by SBA to provide assistance to business owners.
"Congratulations for all of your efforts in helping to make our state top in the nation for emergency SBA loans awarded as a percent of eligible payroll. You've all done such amazing work for Utah and it is greatly appreciated at many levels," Trollan said in a statement.
Loan Amount as a Percentage of Eligible Payroll
Approvals through May 8
Color guide for map showing that Utah ranks number one in nation for SBA COVID lending
Map showing that Utah ranks highest in nation for SBA COVID lending
(Map graphic courtesy of Bloomberg. See article here.)
    % of Eligible Payroll % of S.B. Receiving Loans Total Amount Approved
1. Utah 97.5 71.3 $5.5B
2. Hawaii 96.2 89.4 $2.5B
3. South Dakota 95.1 94.6 $1.7B
4. Nebraska 94.5 92.9 $3.5B
5. Florida 94.4 69.5 $31.3B
6. Kansas 94.4 85.0 $5.2B
7. Ohio 93.9 70.2 $19.1B
8. Idaho 92.2 72.0 $2.6B
9. North Dakota 91.5 97.8 $1.8B
10. Minnesota 88.7 76.6 $11.4B
42. Oregon 77.8 58.8 $7.0B
43. Massachusetts 77.1 73.5 $15.0B
44. Alaska 76.9 58.1 $1.3B
45. New York 76.8 58.8 $39.1B
46. New Mexico 76.6 60.3 $2.2B
47. Maryland 76.3 63.0 $10.1B
48. Virginia 75.5 63.7 $13.1B
49. Washington 75.1 58.1 $12.4B
50. Delaware 74.9 56.9 $1.5B
51. Wash. DC 56.3 61.7 $2.3B

Click Here for Full List

Vet-Owned Business

Veterans and Military, GET SOME REBOOT business training!

REBOOT is an entrepreneurial education and training program offered by the U.S. Small Business Administration (SBA). REBOOT is the off-post/off-base version of its counterpart program, Boots to Business, SBA's part in DOD's Transition Assistance Program (TAP). Both courses provide an overview of entrepreneurship and applicable business ownership fundamentals. Active Duty Service members (including National Guard and Reserve), Veterans of all eras, and spouses are eligible to participate.
On May 14 at SBA Utah, the Veterans Business Resource Center, and the Veterans Business Outreach Center will be hosting a condensed version of the full classroom experience, normally two-days long. We'll be covering some basics of business ownership and how to start and grow a business, giving examples of successful veteran-owned businesses, exploring how military training and experience gives you an edge, and what resources are available to help you through the process.
Join us on Thursday, May 14 from 2:00-4:00pm.
Register now!


Office of Capital Access

Temporary Increase to SBA Express
Maximum Loan Amount and Permanent Changes to Fee Relief for SBA Express loans to Veteran-Owned Small Businesses in the CARES Act

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) (P.L.116-136). This Notice announces the changes to the SBA Express Loan Program made by the CARES Act.
SBA Express Maximum Loan Amount Temporarily Increased to $1,000,000 through December 31, 2020:
  • Section 1102(c) of the CARES Act amends Section 7(a)(31)(D) of the Small Business Act (15 U.S.C. 636(a)(31)(D)) by temporarily increasing the maximum loan amount under the SBA Express Loan Program from $350,000 to $1,000,000 for loans approved from March 27, 2020 through December 31, 2020. The maximum loan amount under the SBA Express Loan Program will automatically revert to a maximum of $350,000 effective January 1, 2021. It is important to note that this temporary increase to the SBA Express maximum loan amount does not apply to Export Express loans (Section 7(a)(34) of the Small Business Act), which remains at a maximum loan amount of $500,000.
  • SBA Express loans approved prior to March 27, 2020 may not be increased to a total loan amount of more than $350,000. If the borrower needs additional funding, the borrower must request a new loan.
  • SBA Express loans approved on or after March 27, 2020 may be increased up to a maximum of $1,000,000 in the aggregate for all outstanding SBA Express loans to the Borrower (and its affiliates). After December 31, 2020, an increase to an SBA Express loan that would bring the aggregate SBA Express loan approval amount(s) to a level exceeding $350,000 will not be permitted.
  • A Borrower (including its affiliates) may have multiple SBA Express loans at one time; however, the aggregate SBA Express loan amount for all outstanding SBA Express loans may not exceed $1,000,000 during the period from March 27, 2020 through December 31, 2020.
Lenders are reminded that, in accordance with SOP 50 10 5(K), Subpart B, Chapter 2, Paragraph V.E.9., a Lender may not refinance its own existing SBA debt (including an existing SBA Express loan) with an SBA Express loan. Existing SBA-guaranteed loans may not be refinanced under SBA Express. The only exceptions are:

If the transaction is the purchase of an existing business that has an existing SBA loan that is not with the requesting SBA Express Lender; and

If the Applicant needs additional financing and the existing Lender is unable or unwilling to increase the existing SBA loan or make a second loan, and the new loan will meet the 10 percent improvement to debt service coverage requirement, as applicable.

Upfront Guaranty Fee Relief for SBA Express loans to Veteran-Owned Small Businesses:

Section 1102(d) of the CARES Act amends Section 7(a)(31)(G) of the Small Business Act (15 U.S.C. 636(a)(31)(G)) by removing the exception provision in paragraph 7(a)(31)(G)(ii) for guarantee fee waivers for veteran-owned businesses. As a result of this change to the Small Business Act, for all SBA Express loans to veteran-owned small businesses approved on or after March 27, 2020, the upfront guaranty fee will permanently be zero.

If you have any questions regarding this notice, please contact your local SBA field office or the service centers. To locate your local office or service center, please go to

Dianna L. Seaborn
Office of Financial Assistance

Veteran-Owned Business PPP Loans Still Available

We know that the contributions and service provided by America's military and veterans are extremely valuable to our nation, and strengthen our communities.
In an effort to support your businesses during these unique and challenging times we are encouraging veterans whose businesses have been impacted by the COVID-19 situation to apply for SBA's Paycheck Protection Program (PPP).
Funding for PPP remains available for the time being, but won't be around for long. SBA's lending partners remain committed and stand ready to serve you through this and SBA's numerous other funding programs.
Interested eligible small business owners, independent contractors, self-employed individuals or non-profits that have not yet applied for a PPP loan should contact SBA Utah's Veterans Business Development Officer, Ian Lorenzana for more information at or by clicking the button below.

Inquire About PPP

EIDL Image

Economic Injury Loans in Utah reach $132.8 Million

SALT LAKE CITY -- The U.S. Small Business Administration announced that as of May 8, the Economic Injury Disaster Loan (EIDL) Program approved 78,000 loans nationally totaling $11.5 billion. EIDL advances number 3 million, valued at nearly $10 billion.
“The SBA Utah EIDL program numbers continue to be promising. Currently, the state has 745 approved loans for a total of $132.8 million. Utah has 22,428 EIDL advances (or emergency grants), totaling $78.5 million. Loans will continue to be processed through the SBA’s Office of Disaster Assistance,” said SBA Utah District Director Marla Trollan. “These funds are vital to small businesses as they start their recovery efforts in our state.”
For more information about the SBA and its programs visit

EIDL Advance Performance

Economic Injury Disaster Loan Performance

SBA Economic Injury Disaster Loans for Agricultural Businesses

Agricultural Businesses Pic
At this time, only agricultural business applications will be accepted due to limitations in funding availability and the unprecedented submission of applications already received.
All other EIDL loan applications that were submitted before the portal stopped accepting new applications on April 15 will also continue to be processed without the need to re-apply.
Agricultural businesses include businesses engaged in the legal production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries (as defined by section 18(b) of the Small Business Act (15 U.S.C. 647(b)). Eligible agricultural businesses must have 500 or fewer employees.

EIDL Application for Agricultural Businesses Only

SBA EIDL and EIDL Advance Info Page

Business Owner working PPP
SBA's goal is to provide transparency in reporting our program performance. To that end, here is a summary of Paycheck Protection Program Round 2 data as of 5:00 p.m. EDT, Thursday, May 7, 2020.
Lender Size Approved Loans        Approved Dollars
>$50B in Assets 1,173,052 $98,259,979,555
$10 B to $50 in Assets 353,250  $28,261,999,727
<$10 B in Assets 969,070 $58,894,559,468
Total: 2,495,372 $185,416,538,750
# of Participating Lenders      5,425 Avg Loan Size: $74,304
In Round Two of the Paycheck Protection Program (as of April 27 - May 1, 2020), the SBA has guaranteed 2,211,791 loans.
In Round One of the Paycheck Protection Program, (through April 16, 2020), the SBA guaranteed 1,661,367 loans.
Follow this link for additional Paycheck Protection Program Performance Info:

Find a PPP Lender

Paycheck Protection Program FAQs (As of 5/3/2020)

How to Calculate PPP Loan Amounts (based on Industry)

Paycheck Protection Program Performance (4/27/20-5/1/20)

Beware of Fraudulent Service Offers


In some cases, fees/charges may not be legitimate, necessary, or allowed under SBA's loan programs.

Image of pastor holding bible


COVID-19 Business Resources

Submit questions to the SBA Rapid Response Team


SBA Economic Injury Disaster Loan (EIDL) Information & Resource Directory

SBA EIDL Customer Service Center
Phone: (800) 659-2955

(800) 877-8339.
Inquiries should be mailed to:
U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.


Other Assistance Available

COVID-19 SBA Debt Relief

Traditional SBA Lending Programs

SBA Utah District Office Staff Contact Information

Marla Trollan, District Director
(o) 801-524-3200
(c) 385-218-1995

Chris Stever, Deputy District Director
(o) 801-524-3215
(c) 385-266-1495

John Gygi, District Counsel
(o) 801-524-3205
(c) 801-889-6170

Ian Lorenzana, Economic DevelopmentSpecialist & Public Information Officer
(o) 801-524-3218
(c) 385-388-3276

Siobhan Carlile, Public Affairs Specialist
(o) 801-524-3217
(c) 706-267-1145

Don MacMillan, Lender Relations Specialist
(o) 801-524-3226

Karl Wernick, Lender Relations Specialist
(o) 801-524-3210
(c) 385-355-5815

Melinda Workman, Economic Development Specialist
(o) 801-524-3213
(c) 385-266-1853

Rachel Bennett, Economic Development Specialist
(o) 801-524-3204
(c) 385-355-5677

Cody Neville, Business Opportunity Specialist
(o) 801-524-3206
(c) 801-828-0796

Cheryl Richens, Administrative Officer
(o) 801-524-3219

Sharlene Miller, Paralegal

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