Stan Nakano is the Utah District Director for the U.S. Small Business Administration. Nakano has ultimate responsibility for a district loan portfolio of almost a billion dollars. In addition, Nakano oversees a variety of entrepreneurial development programs available to the public. In fiscal year 2007, the Utah District guaranteed 2990 loans for over $408 million, and provided training and counseling to over 14,000 clients through resource provides. This represented a 39% increase from the previous year, the highest increase for all SBA district offices across the nation.
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 SBA. Nakano has served and continues to serve on committees relating to economic development and small business entrepreneurship.
Nakano is most proud of the great number of businesses the SBA has been able to assist including "new market" businesses (owned by women, minorities, veterans and international trade) and encourages all Utah small businesses to seek out the SBA.
