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Zions Bank Press Release

Utah Behavior Services Among Hundreds of Small Businesses Growing in Utah with Help from Zions Bank


During 20th Consecutive Year as the State’s Top SBA Lender, Zions Provided Capital to Help Create 858 Jobs in 2013

SALT LAKE CITY, Utah; November 4, 2013 — Zions First National Bank was the top provider of U.S. Small Business Administration (SBA) 7(a) loans in Utah during 2013, marking its 20th consecutive year as Utah’s No. 1 SBA lender.

Zions Bank and its affiliates approved 372 SBA 7(a) loans in Utah, totaling $45.3 million for the fiscal year ended Sept. 30, 2013. These loans represent 35 percent of the 1,049 SBA-backed loans approved in the state during fiscal year 2013.

Capital provided through Zions Bank’s SBA loans helped Utah businesses grow so that they could hire 858 new employees and retain 1,732 positions, according to SBA data.

Small businesses like Utah Behavior Services received an SBA loan from Zions Bank and are helping to fuel the state’s economic recovery. Now with two locations in Taylorsville and Clearfield, the company created 67 new jobs in 2013 after securing a contract from the State of Utah to provide applied behavior analysis therapy to support children with autism spectrum disorders and their families.

“It has been exciting to be a part of this very needed program, and to have the opportunity to hire so many wonderful new team members. It is gratifying to be helping both the children and families we serve, and the economy of our state,” said Utah Behavior Services Co-CEO Sarah Sanders.

Because they hire workers, small businesses like Utah Behavior Services are key drivers of the economy, according to Scott Anderson, Zions Bank president and CEO. “Roughly 97 percent of companies in Utah qualify as small businesses, and we know they help fuel our economic growth because they are the principal source of new jobs. As the state’s top SBA lender, Zions Bank is proud to be part of the economic solution by offering support and expertise to entrepreneurs,” he said.

Zions Bank also leads all other financial institutions in Utah in marketing SBA loans to women and minority-owned businesses and new start-ups. During fiscal year 2013, 39 percent of the SBA loans approved by Zions Bank were to women and minorities, and 31 percent were made to new businesses.

SBA 7(a) loans are the most basic and most used type of loan in SBA’s business programs. The program offers up to 25-year, fully amortized loans that result in lower monthly payments for the borrower. Proceeds from the 7(a) program may be used for most business purposes, including the purchase of real estate for business operations, acquisition of equipment, and working capital. On Oct. 1, the SBA announced a reduction in the annual service fee for all 7(a) loans in fiscal year 2014 and a reduction in the up front guaranty fee for all 7(a) loans in the amount of $150,000 or less. These reduced fees allow borrowers to retain more of their funds for operating capital.

Zions Bank, a subsidiary of Zions Bancorporation (NASDAQ: ZION), is Utah’s oldest financial institution and is the only local bank with a statewide distribution of branches, operating 101 full-service offices. Zions Bank also operates 26 full-service branches in Idaho. In addition to offering a wide range of traditional banking services, Zions Bank is also a leader in small business lending and has ranked as the No. 1 lender of U.S. Small Business Administration 7(a) loans in Utah for the past 20 consecutive years. Founded in 1873, Zions Bank has been serving the communities of Utah for 140 years. Additional information is available at

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