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Redemption Bank

Salt Lake City, UT 84117

8
Loans Approved
$7.7M
Total Volume
$957K
Avg Loan Size
2
States Served

States Served

NevadaUtah

Top Industries Financed

  • Offices of Dentists
  • Sporting and Recreational Goods and Supplies Merchant Wholesalers
  • Limited-Service Restaurants
  • All Other Specialty Trade Contractors
  • Interurban and Rural Bus Transportation

Quick Summary

Redemption Bank is an SBA-approved lender headquartered in Salt Lake City, Utah. Since 2020, they have approved 8 SBA 7(a) loans totaling $7.7M, with an average loan size of $957K. They serve businesses across 2 states.

About Redemption Bank

Redemption Bank is an SBA-approved lender headquartered in Salt Lake City, Utah. Since 2020, they have approved 8 SBA 7(a) loans totaling $7.7M, with an average loan size of $957K. They serve businesses across 2 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Redemption Bank an SBA Preferred Lender?

Redemption Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Redemption Bank approved?

According to SBA FOIA public records, Redemption Bank has approved 8 SBA 7(a) loans totaling $7.7M since 2020. Their average loan size is $957K.

What states does Redemption Bank serve?

Redemption Bank serves businesses in 2 states: Nevada, Utah.

How do I apply for an SBA loan with Redemption Bank?

To apply for an SBA 7(a) loan with Redemption Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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