Stan Nakano is the Utah District Director for the U.S. Small Business Administration. Nakano has ultimate responsibility for a district loan portfolio that is in excess of a billion dollars. In addition, Nakano oversees a variety of entrepreneurial development programs available to the public. In fiscal year 2008, the Utah District guaranteed 3075 loans for over $420 million, ending the year with a record number of loans for the office.
Under the direction of Nakano, the Utah District has received national recognition for “Outstanding Portfolio Management Division” and “Outstanding Legal Division”. In 1999, the Utah District Office received SBA’s “Best of the Best” award. The Utah office is especially proud of this honor because it is given to the one district office, out of SBA’s 68 district offices, that best fulfilled its goals.
Before becoming the District Director, Nakano served as the Chief of Portfolio Management for the Utah District Office. Nakano has an education background in finance and managed the SBA department for a Utah bank before coming to the SBA. Nakano serves on many committees relating to economic development and works with city, county, state and Federal government officials to help small businesses affected by the recession.
Nakano is most proud of the great number of businesses the SBA has been able to assist including underserved businesses (owned by women, minorities, veterans and international trade) and encourages all Utah small businesses to seek out the SBA.
