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County17th of 60 in Colorado by approvalsFIPS 08039
SBA loans in Elbert 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.
Businesses in Elbert County, Colorado, received 51 SBA loan approvals worth $26.3M in FY2021 to FY2025 (46 7(a), 5 504).
That is 70.6 approvals per 1,000 business establishments (722 establishments in 2023), above the Colorado figure of 49.6 and above the national 41.0.
It ranks 17th of 60 Colorado counties with approvals. In FY2025 there were 14, about level with FY2024.
28 lenders had approvals here; the most active were The Huntington National Bank (10), Community Banks of Colorado, A Division of NBH Bank (5) and Readycap Lending, LLC (3). The most common industry was other specialty trade contractors.
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 Elbert County
By number of approvals to businesses in the county, FY2021–FY2025; 28 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 10 | $3.4M | 19.6% | |
| 2 | Community Banks of Colorado, A Division of NBH BankGreenwood Village, CO | 5 | $4.9M | 9.8% | |
| 3 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $140K | 5.9% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 3 | $45K | 5.9% | |
| 5 | B:Side CapitalDenver, CO · CDC | 2 | — | 3.9% | |
| 6 | Banc of CaliforniaLos Angeles, CA | 2 | — | 3.9% | |
| 7 | BMO Bank National AssociationChicago, IL | 2 | — | 3.9% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 2 | — | 3.9% | |
| 9 | Northeast BankLewiston, ME | 2 | — | 3.9% | |
| 10 | U.S. Bank, National AssociationCincinnati, OH | 2 | — | 3.9% | |
| 11 | The Bancorp Bank National AssociationSioux Falls, SD | 1 | — | 2.0% | |
| 12 | Union Bank and Trust CompanyLincoln, NE | 1 | — | 2.0% | |
| 13 | Bank Five NineOconomowoc, WI | 1 | — | 2.0% | |
| 14 | Midwest Regional BankFestus, MO | 1 | — | 2.0% | |
| 15 | Pikes Peak Regional Development CorporationColorado Springs, CO · CDC | 1 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Specialty Trade ContractorsNAICS 2389 | 8 | 15.7% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 9.8% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 4 | 7.8% | |
| 4 | Nonresidential Building ConstructionNAICS 2362 | 3 | 5.9% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 2 | 3.9% | |
| 6 | Other Heavy and Civil Engineering ConstructionNAICS 2379 | 2 | 3.9% | |
| 7 | Beer, Wine, and Liquor StoresNAICS 4453 | 2 | 3.9% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 2 | 3.9% | |
| 9 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 2 | 3.9% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 2 | 3.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 20 | 39.2% | |
| 2 | Professional, Scientific, and Technical Services | 7 | 13.7% | |
| 3 | Accommodation and Food Services | 6 | 11.8% | |
| 4 | Other Services (except Public Administration) | 5 | 9.8% | |
| 5 | Retail Trade | 5 | 9.8% | |
| 6 | Arts, Entertainment, and Recreation | 2 | 3.9% | |
| 7 | Transportation and Warehousing | 2 | 3.9% | |
| 8 | Health Care and Social Assistance | 2 | 3.9% |
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* | 14 | $6.7M | $185K | 1 | — | 15 | 63 |
| FY2025 | 13 | $4.0M | $140K | 1 | — | 14 | 29 |
| FY2024 | 14 | $4.4M | $113K | 1 | — | 15 | 165 |
| FY2023 | 4 | $3.2M | $770K | 1 | — | 5 | 111 |
| FY2022 | 5 | $1.1M | $250K | 2 | — | 7 | 98 |
| FY2021 | 10 | $11.2M | $583K | 0 | — | 10 | 89 |
| FY2020 | 2 | — | — | 0 | — | 2 | 66 |
| FY2019 | 7 | $7.7M | $1.5M | 0 | — | 7 | 49 |
| FY2018 | 13 | $7.0M | $125K | 1 | — | 14 | 62 |
| FY2017 | 6 | $824K | $100K | 0 | — | 6 | 20 |
| FY2016 | 7 | $725K | $10K | 0 | — | 7 | 13 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 36 approvals.
Against Colorado and the country
| FY2021–FY2025 | Elbert County | Colorado | United States |
|---|---|---|---|
| Approvals | 51 | 9,057 | 342,825 |
| Approvals per 1,000 establishments | 70.6 | 49.6 | 41.0 |
| Median 7(a) approval | $174K | $261K | $190K |
| Median 504 approval | $316K | $612K | $657K |
| Average approval | $515K | $645K | $573K |
| 504 share of approvals | 9.8% | 11.1% | 11.0% |
| Jobs supported per approval, as reported | 9.6 | 10.6 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less25.5%13
- $50,001 to $150,00017.6%9
- $150,001 to $350,00025.5%13
- $350,001 to $1 million15.7%8
- $1 million to $2 million11.8%6
- Over $2 million3.9%2
Age of the businesses
- Existing, more than 2 years old52.9%27
- New business, 2 years or less19.6%10
- Startup, loan funds will open the business23.5%12
- Change of ownership3.9%2
Questions and answers
Which lenders make the most SBA loans in Elbert County?
By approvals in FY2021 to FY2025: The Huntington National Bank (10), Community Banks of Colorado, A Division of NBH Bank (5), Readycap Lending, LLC (3), Wells Fargo Bank National Association (3), B:Side Capital (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Elbert County?
The median 7(a) approval was $174K and the median 504 approval $316K; the Colorado 7(a) median was $261K.
Which industries get the most SBA loans in Elbert County?
Other Specialty Trade Contractors (8); Restaurants and Other Eating Places (5); Building Equipment Contractors (4); Nonresidential Building Construction (3); Automotive Repair and Maintenance (2).
Is SBA lending in Elbert County rising?
Approvals in the three latest complete fiscal years total 34, against 19 in the three before: rising (+79%).
How does Elbert County compare with the rest of Colorado?
70.6 approvals per 1,000 establishments against 49.6 statewide, and 51 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