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County23rd of 60 in Colorado by approvalsFIPS 08049
SBA loans in Grand 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 Grand County, Colorado, received 40 SBA loan approvals worth $37.6M in FY2021 to FY2025 (37 7(a), 3 504).
That is 43.6 approvals per 1,000 business establishments (917 establishments in 2023), close to the Colorado figure of 49.6 and close to the national 41.0.
It ranks 23rd of 60 Colorado counties with approvals. In FY2025 there were 10, down 9% on FY2024.
26 lenders had approvals here; the most active were U.S. Bank, National Association (8), Wells Fargo Bank National Association (4) and B:Side Capital (2). 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 Grand County
By number of approvals to businesses in the county, FY2021–FY2025; 26 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National AssociationCincinnati, OH | 8 | $3.0M | 20.0% | |
| 2 | Wells Fargo Bank National AssociationSioux Falls, SD | 4 | $2.6M | 10.0% | |
| 3 | B:Side CapitalDenver, CO · CDC | 2 | — | 5.0% | |
| 4 | Northwest BankWarren, PA | 2 | — | 5.0% | |
| 5 | United Community BankGreenville, SC | 2 | — | 5.0% | |
| 6 | Enterprise Bank & TrustClayton, MO | 2 | — | 5.0% | |
| 7 | VelocitySBA, LLCIrving, TX | 1 | — | 2.5% | |
| 8 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 2.5% | |
| 9 | Wings Credit UnionColorado Springs, CO | 1 | — | 2.5% | |
| 10 | UMB Bank, National AssociationKansas City, MO | 1 | — | 2.5% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.5% | |
| 12 | First Bank of the LakeOsage Beach, MO | 1 | — | 2.5% | |
| 13 | Milestone BankSalt Lake City, UT | 1 | — | 2.5% | |
| 14 | Stone BankMountain View, AR | 1 | — | 2.5% | |
| 15 | First Bank of Central OhioWorthington, OH | 1 | — | 2.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 20.0% | |
| 2 | Consumer Goods RentalNAICS 5322 | 3 | 7.5% | |
| 3 | Building Finishing ContractorsNAICS 2383 | 3 | 7.5% | |
| 4 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 7.5% | |
| 5 | Nonmetallic Mineral Mining and QuarryingNAICS 2123 | 2 | 5.0% | |
| 6 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 5.0% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 2 | 5.0% | |
| 8 | Other Heavy and Civil Engineering ConstructionNAICS 2379 | 1 | 2.5% | |
| 9 | Other Miscellaneous RetailersNAICS 4599 | 1 | 2.5% | |
| 10 | Traveler AccommodationNAICS 7211 | 1 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 11 | 27.5% | |
| 2 | Construction | 8 | 20.0% | |
| 3 | Retail Trade | 6 | 15.0% | |
| 4 | Real Estate and Rental and Leasing | 3 | 7.5% | |
| 5 | Arts, Entertainment, and Recreation | 3 | 7.5% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 3 | 7.5% | |
| 7 | Mining, Quarrying, and Oil and Gas Extraction | 2 | 5.0% | |
| 8 | Finance and Insurance | 1 | 2.5% |
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* | 5 | $7.5M | $660K | 0 | — | 5 | 35 |
| FY2025 | 9 | $13.6M | $1.3M | 1 | — | 10 | 45 |
| FY2024 | 11 | $9.3M | $600K | 0 | — | 11 | 106 |
| FY2023 | 7 | $6.7M | $425K | 0 | — | 7 | 47 |
| FY2022 | 5 | $4.0M | $412K | 0 | — | 5 | 48 |
| FY2021 | 5 | $2.2M | $434K | 2 | — | 7 | 43 |
| FY2020 | 10 | $11.5M | $894K | 1 | — | 11 | 101 |
| FY2019 | 12 | $7.6M | $538K | 1 | — | 13 | 71 |
| FY2018 | 7 | $4.9M | $518K | 0 | — | 7 | 40 |
| FY2017 | 0 | — | — | 0 | — | 0 | 0 |
| FY2016 | 7 | $6.2M | $454K | 1 | — | 8 | 100 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 39 approvals.
Against Colorado and the country
| FY2021–FY2025 | Grand County | Colorado | United States |
|---|---|---|---|
| Approvals | 40 | 9,057 | 342,825 |
| Approvals per 1,000 establishments | 43.6 | 49.6 | 41.0 |
| Median 7(a) approval | $547K | $261K | $190K |
| Median 504 approval | $511K | $612K | $657K |
| Average approval | $939K | $645K | $573K |
| 504 share of approvals | 7.5% | 11.1% | 11.0% |
| Jobs supported per approval, as reported | 7.2 | 10.6 | 10.5 |
| Share of state approvals | 0.4% | 100.0% | — |
Approval sizes
- $50,000 or less17.5%7
- $50,001 to $150,0002.5%1
- $150,001 to $350,00010.0%4
- $350,001 to $1 million42.5%17
- $1 million to $2 million10.0%4
- Over $2 million17.5%7
Age of the businesses
- Existing, more than 2 years old30.0%12
- New business, 2 years or less32.5%13
- Startup, loan funds will open the business10.0%4
- Change of ownership27.5%11
Questions and answers
Which lenders make the most SBA loans in Grand County?
By approvals in FY2021 to FY2025: U.S. Bank, National Association (8), Wells Fargo Bank National Association (4), B:Side Capital (2), Northwest Bank (2), United Community Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Grand County?
The median 7(a) approval was $547K and the median 504 approval $511K; the Colorado 7(a) median was $261K.
Which industries get the most SBA loans in Grand County?
Restaurants and Other Eating Places (8); Consumer Goods Rental (3); Building Finishing Contractors (3); Other Amusement and Recreation Industries (3); Nonmetallic Mineral Mining and Quarrying (2).
Is SBA lending in Grand County rising?
Approvals in the three latest complete fiscal years total 28, against 23 in the three before: rising (+22%).
How does Grand County compare with the rest of Colorado?
43.6 approvals per 1,000 establishments against 49.6 statewide, and 40 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