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Milestone Bank
Salt Lake City, UT · Active Lender · National rank #152
Milestone Bank approved 54 SBA 7(a) loans in FY2025, ranking #152 nationally by loan volume. Its average loan size was about $1.4 million, with the most activity in Florida, Texas, and Nevada.
Milestone Bank, headquartered in Salt Lake City, Utah, is a participating SBA 7(a) lender. According to FY2025 SBA 7(a) lender activity data, Milestone Bank approved 54 SBA 7(a) loans totaling $76,554,900 in approved loan dollars, with SBA guaranty dollars of $57,268,675 across those loans. The average loan size across these approved loans was $1,417,683, indicating a focus on larger commercial financing transactions relative to many community SBA lenders.
Nationally, Milestone Bank ranks #152 by SBA 7(a) loan volume for FY2025 among participating lenders. While headquartered in Utah, the bank's FY2025 SBA lending activity shows its most active states are Florida (14 loans), Texas (9 loans), and Nevada (5 loans). Beyond these top three, the bank's FY2025 SBA 7(a) activity also touched borrowers in Colorado, Georgia, Maryland, California, South Carolina, Michigan, Washington, Tennessee, Arkansas, New Jersey, Illinois, Kentucky, Massachusetts, Arizona, Ohio, Idaho, and Indiana, reflecting a wide geographic footprint despite a relatively modest total loan count.
This profile is based solely on FY2025 SBA 7(a) lender activity data and does not include interest rates, fee structures, approval likelihood, or contact information, none of which were part of the source data used to build this listing.
Where Milestone Bank lends
| State | Loans | Dollars |
|---|---|---|
| Texas | 9 | $22,073,000 |
| Florida | 14 | $11,372,800 |
| Colorado | 4 | $10,198,000 |
| Maryland | 2 | $4,265,000 |
| Washington | 1 | $4,247,000 |
| Georgia | 3 | $4,186,000 |
| Nevada | 5 | $3,806,100 |
| Tennessee | 1 | $2,935,000 |
| California | 2 | $2,350,000 |
| Arkansas | 1 | $1,757,000 |
| South Carolina | 2 | $1,641,000 |
| Michigan | 2 | $1,530,000 |
| New Jersey | 1 | $1,366,000 |
| Illinois | 1 | $1,232,000 |
| Kentucky | 1 | $919,000 |
Questions people ask
Is Milestone Bank an SBA lender?
Yes, Milestone Bank participated in the SBA 7(a) loan program during FY2025.
How many SBA 7(a) loans did Milestone Bank approve in FY2025?
Milestone Bank approved 54 SBA 7(a) loans in FY2025.
What was the total dollar amount of Milestone Bank's approved SBA loans?
Approved loans totaled $76,554,900 in FY2025.
What is Milestone Bank's average SBA loan size?
The average loan size was $1,417,683 in FY2025.
How much of Milestone Bank's SBA lending was government-guaranteed?
SBA guaranty dollars totaled $57,268,675 for FY2025.
Where is Milestone Bank headquartered?
Milestone Bank is headquartered in Salt Lake City, Utah.
Where is Milestone Bank most active for SBA lending?
Its top states in FY2025 were Florida (14 loans), Texas (9 loans), and Nevada (5 loans).
Is Milestone Bank a national or regional SBA lender?
Milestone Bank made SBA 7(a) loans across 20 states in FY2025, indicating a national rather than purely regional lending footprint.
How does Milestone Bank rank by SBA loan volume?
Milestone Bank ranked #152 nationally by SBA 7(a) loan volume in FY2025.
Does Milestone Bank primarily lend near its headquarters?
No, its top lending states in FY2025 were Florida, Texas, and Nevada, not Utah.
Source: SBA 7(a) Lender Activity Report, FY2025 (data.sba.gov). GetFundedUSA is independent and not affiliated with Milestone Bank; loan terms, rates and eligibility are set by the lender and the SBA, not GetFundedUSA.