Feasibility Study Data for the Provo-Orem-Lehi, UT Metro Area

How big the Provo-Orem-Lehi record is

For Provo-Orem-Lehi, SBA's files list 2,754 approved loans from FY2017 to FY2026, worth $1.60 billion in gross approvals. Provo-Orem-Lehi sits against every metro and micro area, counted by loans, in position 45 of 928. The central half of Provo-Orem-Lehi approvals falls between $100,000 and $662,875, centred on a middle figure of $285,500; and the median sits at 1.37x the national median. Here, SBA 7(a) carries 2,162 loans, and 592 by way of SBA 504. Separately, franchise brands account for 9.6% of the record.

Provo-Orem-Lehi: classes and counties

Besides, of the named classes we track for Provo-Orem-Lehi, limited-service restaurant heads the list with 63 loans, then coffee shop and snack bar (61) and dental office (58). A further 2,158 loans in Provo-Orem-Lehi fall outside the classes. County by county, Utah County, UT carries 2,717 loans, and behind it come Juab County, UT (37).

Provo-Orem-Lehi: institutions behind approvals

Holders shown for Provo-Orem-Lehi are lifted from SBA's archived Provo-Orem-Lehi records of the 2,754 approvals in Provo-Orem-Lehi, under their current or past holder; these entries log every loan and reveal nothing about lender appetite. For the record, in the 7(a) program near Utah County, UT, the largest holders are Central Bank (UT), holding 472 loans worth $166.5 million; after it, Zions Bancorporation, National Association ($60.0 million across 265 loans). Also, on 504 in Provo-Orem-Lehi, the list reads Mountain West Small Business Finance (472 loans, $404.9 million), ahead of Intermountain Business Lending, Inc., with 80 loans for $82.5 million. An applicant in Provo-Orem-Lehi may ask Provo-Orem-Lehi's listed holder Central Bank (UT) and any other Provo-Orem-Lehi holder near Utah County, UT what evidence it requires, then write the Provo-Orem-Lehi study to answer those answers.

Provo-Orem-Lehi: loss floors and years

Looking at Provo-Orem-Lehi approvals from FY2017 through FY2024, not below 9.5% ended in cancellation after approval in Provo-Orem-Lehi, which is a floor; the true Provo-Orem-Lehi figure may be higher. Worth noting, of disbursed Provo-Orem-Lehi loans approved in FY2017 through FY2021, 4.0% have been charged off by now, a second floor; 2.1% went to charge-off within five years, out of a cohort of 1,169 loans. Year by year, Provo-Orem-Lehi peaked in FY2025 at 351 loans and $193.4 million, and was weakest in FY2019 at 235 loans and $120.4 million.

Provo-Orem-Lehi: what a study proves

In Provo-Orem-Lehi, demand comes first: who works in Utah County, UT, who shops in Juab County, UT, set against the wider Provo-Orem-Lehi area, and what gap the 63 limited-service restaurant loans leave. Cost next: $285,500 is the Provo-Orem-Lehi median and $100,000 to $662,875 the middle half, so a Utah County, UT site must justify its budget against this $285,500 benchmark. Repayment: Provo-Orem-Lehi coverage withstands a sluggish year against the 9.5% rate of cancellation plus the 4.0% floor for charge-off. The Utah County, UT appraisal has to support the figure financed. Provo-Orem-Lehi relies on the July 2023 map; any loan whose listed county has no match falls out of all other areas, as in Provo-Orem-Lehi, yet the totals carry loans without a place in any named class.