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County14th of 60 in Colorado by approvalsFIPS 08045
SBA loans in Garfield 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 Garfield County, Colorado, received 105 SBA loan approvals worth $70.6M in FY2021 to FY2025 (79 7(a), 26 504).
That is 38.8 approvals per 1,000 business establishments (2,705 establishments in 2023), below the Colorado figure of 49.6 and close to the national 41.0.
It ranks 14th of 60 Colorado counties with approvals. In FY2025 there were 24, up 85% on FY2024.
30 lenders had approvals here; the most active were B:Side Capital (26), Live Oak Banking Company (11) and The Huntington National Bank (8). 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 Garfield County
By number of approvals to businesses in the county, FY2021–FY2025; 30 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | B:Side CapitalDenver, CO · CDC | 26 | $14.4M | 24.8% | |
| 2 | Live Oak Banking CompanyWilmington, NC | 11 | $14.4M | 10.5% | |
| 3 | The Huntington National BankColumbus, OH | 8 | $4.4M | 7.6% | |
| 4 | Community Banks of Colorado, A Division of NBH BankGreenwood Village, CO | 7 | $8.7M | 6.7% | |
| 5 | Wells Fargo Bank National AssociationSioux Falls, SD | 7 | $1.8M | 6.7% | |
| 6 | Zions Bank, A Division ofSalt Lake City, UT | 6 | $2.5M | 5.7% | |
| 7 | U.S. Bank, National AssociationCincinnati, OH | 6 | $270K | 5.7% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $4.3M | 2.9% | |
| 9 | Newtek Bank, National AssociationMiami, FL | 3 | $1.3M | 2.9% | |
| 10 | DreamSpringAlbuquerque, NM | 3 | $206K | 2.9% | |
| 11 | Byline BankChicago, IL | 2 | — | 1.9% | |
| 12 | CIBC Bank USAChicago, IL | 2 | — | 1.9% | |
| 13 | Timberline BankGrand Junction, CO | 2 | — | 1.9% | |
| 14 | FirstBankLakewood, CO | 2 | — | 1.9% | |
| 15 | BayFirst National BankSaint Petersburg, FL | 2 | — | 1.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 10.5% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 8 | 7.6% | |
| 3 | Grocery and Related Product Merchant WholesalersNAICS 4244 | 7 | 6.7% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 6 | 5.7% | |
| 5 | Other Personal ServicesNAICS 8129 | 5 | 4.8% | |
| 6 | Building Material and Supplies DealersNAICS 4441 | 4 | 3.8% | |
| 7 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 3.8% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 3.8% | |
| 9 | Personal Care ServicesNAICS 8121 | 3 | 2.9% | |
| 10 | Architectural and Structural Metals ManufacturingNAICS 3323 | 3 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 17 | 16.2% | |
| 2 | Accommodation and Food Services | 12 | 11.4% | |
| 3 | Other Services (except Public Administration) | 12 | 11.4% | |
| 4 | Health Care and Social Assistance | 10 | 9.5% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 10 | 9.5% | |
| 6 | Manufacturing | 9 | 8.6% | |
| 7 | Construction | 9 | 8.6% | |
| 8 | Wholesale Trade | 8 | 7.6% |
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* | 13 | $11.8M | $300K | 2 | — | 15 | 103 |
| FY2025 | 19 | $15.7M | $350K | 5 | $3.2M | 24 | 384 |
| FY2024 | 11 | $5.6M | $297K | 2 | — | 13 | 312 |
| FY2023 | 11 | $4.3M | $150K | 2 | — | 13 | 161 |
| FY2022 | 20 | $12.1M | $501K | 9 | $5.8M | 29 | 330 |
| FY2021 | 18 | $18.5M | $570K | 8 | $4.1M | 26 | 440 |
| FY2020 | 14 | $6.5M | $325K | 3 | $4.1M | 17 | 289 |
| FY2019 | 16 | $4.1M | $185K | 5 | $1.8M | 21 | 139 |
| FY2018 | 16 | $5.1M | $115K | 3 | $724K | 19 | 112 |
| FY2017 | 11 | $2.7M | $15K | 4 | $822K | 15 | 58 |
| FY2016 | 25 | $9.7M | $69K | 2 | — | 27 | 171 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 99 approvals.
Against Colorado and the country
| FY2021–FY2025 | Garfield County | Colorado | United States |
|---|---|---|---|
| Approvals | 105 | 9,057 | 342,825 |
| Approvals per 1,000 establishments | 38.8 | 49.6 | 41.0 |
| Median 7(a) approval | $350K | $261K | $190K |
| Median 504 approval | $367K | $612K | $657K |
| Average approval | $672K | $645K | $573K |
| 504 share of approvals | 24.8% | 11.1% | 11.0% |
| Jobs supported per approval, as reported | 15.5 | 10.6 | 10.5 |
| Share of state approvals | 1.2% | 100.0% | — |
Approval sizes
- $50,000 or less9.5%10
- $50,001 to $150,00016.2%17
- $150,001 to $350,00024.8%26
- $350,001 to $1 million33.3%35
- $1 million to $2 million10.5%11
- Over $2 million5.7%6
Age of the businesses
- Existing, more than 2 years old51.4%54
- New business, 2 years or less21.9%23
- Startup, loan funds will open the business15.2%16
- Change of ownership11.4%12
Questions and answers
Which lenders make the most SBA loans in Garfield County?
By approvals in FY2021 to FY2025: B:Side Capital (26), Live Oak Banking Company (11), The Huntington National Bank (8), Community Banks of Colorado, A Division of NBH Bank (7), Wells Fargo Bank National Association (7). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Garfield County?
The median 7(a) approval was $350K and the median 504 approval $367K; the Colorado 7(a) median was $261K.
Which industries get the most SBA loans in Garfield County?
Restaurants and Other Eating Places (11); Services to Buildings and Dwellings (8); Grocery and Related Product Merchant Wholesalers (7); Offices of Other Health Practitioners (6); Other Personal Services (5).
Is SBA lending in Garfield County rising?
Approvals in the three latest complete fiscal years total 50, against 72 in the three before: falling (-31%).
How does Garfield County compare with the rest of Colorado?
38.8 approvals per 1,000 establishments against 49.6 statewide, and 105 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