States › Colorado › El Paso County
County3rd of 60 in Colorado by approvalsFIPS 08041
SBA loans in El Paso County, Colorado
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 1,079 loans to businesses in El Paso County, Colorado, in FY2021 to FY2025, worth $613M: 949 under 7(a) and 130 under 504.
That is 57.2 approvals per 1,000 business establishments (18,852 establishments in 2023), above the Colorado figure of 49.6 and above the national 41.0.
It ranks 3rd of 60 Colorado counties with approvals. In FY2025 there were 290, up 17% on FY2024.
110 lenders had approvals here; the most active were The Huntington National Bank (144), U.S. Bank, National Association (84) and Integrity Bank & Trust (77). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in El Paso County
By number of approvals to businesses in the county, FY2021–FY2025; 110 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 144 | $43.6M | 13.3% | |
| 2 | U.S. Bank, National AssociationCincinnati, OH | 84 | $12.7M | 7.8% | |
| 3 | Integrity Bank & TrustMonument, CO | 77 | $29.0M | 7.1% | |
| 4 | B:Side CapitalDenver, CO · CDC | 73 | $66.9M | 6.8% | |
| 5 | Newtek Bank, National AssociationMiami, FL | 46 | $24.3M | 4.3% | |
| 6 | Wells Fargo Bank National AssociationSioux Falls, SD | 46 | $9.6M | 4.3% | |
| 7 | BayFirst National BankSaint Petersburg, FL | 36 | $5.2M | 3.3% | |
| 8 | Live Oak Banking CompanyWilmington, NC | 35 | $58.1M | 3.2% | |
| 9 | Northeast BankLewiston, ME | 35 | $4.2M | 3.2% | |
| 10 | Pikes Peak Regional Development CorporationColorado Springs, CO · CDC | 34 | $29.3M | 3.2% | |
| 11 | Busey BankChampaign, IL | 32 | $26.4M | 3.0% | |
| 12 | Readycap Lending, LLCBerkeley Heights, NJ | 21 | $4.0M | 1.9% | |
| 13 | KeyBank National AssociationCleveland, OH | 18 | $3.1M | 1.7% | |
| 14 | Zions Bank, A Division ofSalt Lake City, UT | 17 | $8.3M | 1.6% | |
| 15 | Hanmi BankLos Angeles, CA | 15 | $21.6M | 1.4% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 115 | 10.7% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 60 | 5.6% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 51 | 4.7% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 49 | 4.5% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 38 | 3.5% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 38 | 3.5% | |
| 7 | Personal Care ServicesNAICS 8121 | 38 | 3.5% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 36 | 3.3% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 33 | 3.1% | |
| 10 | Beer, Wine, and Liquor StoresNAICS 4453 | 32 | 3.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 197 | 18.3% | |
| 2 | Accommodation and Food Services | 162 | 15.0% | |
| 3 | Other Services (except Public Administration) | 119 | 11.0% | |
| 4 | Health Care and Social Assistance | 118 | 10.9% | |
| 5 | Retail Trade | 114 | 10.6% | |
| 6 | Professional, Scientific, and Technical Services | 92 | 8.5% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 65 | 6.0% | |
| 8 | Manufacturing | 63 | 5.8% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 133 | $51.0M | $200K | 20 | $26.4M | 153 | 1,649 |
| FY2025 | 264 | $124M | $166K | 26 | $19.5M | 290 | 3,079 |
| FY2024 | 234 | $110M | $150K | 13 | $15.4M | 247 | 2,526 |
| FY2023 | 198 | $97.7M | $175K | 22 | $18.0M | 220 | 2,338 |
| FY2022 | 128 | $67.0M | $200K | 28 | $41.1M | 156 | 1,940 |
| FY2021 | 125 | $94.8M | $410K | 41 | $25.8M | 166 | 1,683 |
| FY2020 | 129 | $69.2M | $250K | 26 | $18.9M | 155 | 1,353 |
| FY2019 | 146 | $63.7M | $200K | 23 | $20.3M | 169 | 1,514 |
| FY2018 | 151 | $73.4M | $171K | 21 | $23.5M | 172 | 1,356 |
| FY2017 | 150 | $76.2M | $150K | 20 | $23.1M | 170 | 1,666 |
| FY2016 | 175 | $73.0M | $151K | 31 | $14.5M | 206 | 1,447 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 872 approvals.
Against Colorado and the country
| FY2021–FY2025 | El Paso County | Colorado | United States |
|---|---|---|---|
| Approvals | 1,079 | 9,057 | 342,825 |
| Approvals per 1,000 establishments | 57.2 | 49.6 | 41.0 |
| Median 7(a) approval | $200K | $261K | $190K |
| Median 504 approval | $607K | $612K | $657K |
| Average approval | $568K | $645K | $573K |
| 504 share of approvals | 12.0% | 11.1% | 11.0% |
| Jobs supported per approval, as reported | 10.7 | 10.6 | 10.5 |
| Share of state approvals | 11.9% | 100.0% | — |
Approval sizes
- $50,000 or less20.9%226
- $50,001 to $150,00019.5%210
- $150,001 to $350,00017.6%190
- $350,001 to $1 million26.0%281
- $1 million to $2 million9.7%105
- Over $2 million6.2%67
Age of the businesses
- Existing, more than 2 years old50.6%546
- New business, 2 years or less16.6%179
- Startup, loan funds will open the business18.3%197
- Change of ownership14.6%157
Questions and answers
Which lenders make the most SBA loans in El Paso County?
By approvals in FY2021 to FY2025: The Huntington National Bank (144), U.S. Bank, National Association (84), Integrity Bank & Trust (77), B:Side Capital (73), Newtek Bank, National Association (46). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in El Paso County?
The median 7(a) approval was $200K and the median 504 approval $607K; the Colorado 7(a) median was $261K.
Which industries get the most SBA loans in El Paso County?
Restaurants and Other Eating Places (115); Building Equipment Contractors (60); Offices of Other Health Practitioners (51); Automotive Repair and Maintenance (49); Other Amusement and Recreation Industries (38).
Is SBA lending in El Paso County rising?
Approvals in the three latest complete fiscal years total 757, against 477 in the three before: rising (+59%).
How does El Paso County compare with the rest of Colorado?
57.2 approvals per 1,000 establishments against 49.6 statewide, and 1,079 of the state's 9,057 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error