States › Colorado › Gunnison County
County24th of 60 in Colorado by approvalsFIPS 08051
SBA loans in Gunnison 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 31 loans to businesses in Gunnison County, Colorado, in FY2021 to FY2025, worth $20.9M: 28 under 7(a) and 3 under 504.
That is 26.0 approvals per 1,000 business establishments (1,191 establishments in 2023), below the Colorado figure of 49.6 and below the national 41.0.
It ranks 24th of 60 Colorado counties with approvals. In FY2025 there were 7.
19 lenders had approvals here; the most active were The Huntington National Bank (7), Celtic Bank Corporation (3) and Newtek Small Business Finance, Inc. (2). The most common industry was activities related to real estate.
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 Gunnison County
By number of approvals to businesses in the county, FY2021–FY2025; 19 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 7 | $7.2M | 22.6% | |
| 2 | Celtic Bank CorporationSalt Lake City, UT | 3 | $867K | 9.7% | |
| 3 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 6.5% | |
| 4 | First Internet Bank of IndianaFishers, IN | 2 | — | 6.5% | |
| 5 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 6.5% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 2 | — | 6.5% | |
| 7 | Fifth Third BankCincinnati, OH | 1 | — | 3.2% | |
| 8 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 1 | — | 3.2% | |
| 9 | Gulf Coast Bank and Trust CompanyNew Orleans, LA | 1 | — | 3.2% | |
| 10 | U.S. Bank, National AssociationCincinnati, OH | 1 | — | 3.2% | |
| 11 | Pikes Peak Regional Development CorporationColorado Springs, CO · CDC | 1 | — | 3.2% | |
| 12 | B:Side CapitalDenver, CO · CDC | 1 | — | 3.2% | |
| 13 | BMO Bank National AssociationChicago, IL | 1 | — | 3.2% | |
| 14 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 3.2% | |
| 15 | Byline BankChicago, IL | 1 | — | 3.2% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Activities Related to Real EstateNAICS 5313 | 6 | 19.4% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 3 | 9.7% | |
| 3 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 9.7% | |
| 4 | Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591 | 3 | 9.7% | |
| 5 | Building Finishing ContractorsNAICS 2383 | 2 | 6.5% | |
| 6 | Beer, Wine, and Liquor StoresNAICS 4453 | 2 | 6.5% | |
| 7 | Automotive Parts, Accessories, and Tire StoresNAICS 4413 | 1 | 3.2% | |
| 8 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 1 | 3.2% | |
| 9 | Offices of Real Estate Agents and BrokersNAICS 5312 | 1 | 3.2% | |
| 10 | Gasoline StationsNAICS 4471 | 1 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 10 | 32.3% | |
| 2 | Real Estate and Rental and Leasing | 7 | 22.6% | |
| 3 | Construction | 5 | 16.1% | |
| 4 | Professional, Scientific, and Technical Services | 3 | 9.7% | |
| 5 | Accommodation and Food Services | 3 | 9.7% | |
| 6 | Health Care and Social Assistance | 1 | 3.2% | |
| 7 | Wholesale Trade | 1 | 3.2% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 1 | 3.2% |
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* | 2 | — | — | 0 | — | 2 | 9 |
| FY2025 | 7 | $4.3M | $200K | 0 | — | 7 | 83 |
| FY2024 | 5 | $3.2M | $344K | 0 | — | 5 | 12 |
| FY2023 | 4 | $5.3M | $455K | 1 | — | 5 | 35 |
| FY2022 | 0 | — | — | 0 | — | 0 | 0 |
| FY2021 | 12 | $4.7M | $411K | 2 | — | 14 | 86 |
| FY2020 | 8 | $4.0M | $395K | 0 | — | 8 | 16 |
| FY2019 | 1 | — | — | 1 | — | 2 | 3 |
| FY2018 | 6 | $3.7M | $403K | 1 | — | 7 | 70 |
| FY2017 | 2 | — | — | 1 | — | 3 | 10 |
| FY2016 | 10 | $3.6M | $203K | 0 | — | 10 | 76 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 30 approvals.
Against Colorado and the country
| FY2021–FY2025 | Gunnison County | Colorado | United States |
|---|---|---|---|
| Approvals | 31 | 9,057 | 342,825 |
| Approvals per 1,000 establishments | 26.0 | 49.6 | 41.0 |
| Median 7(a) approval | $367K | $261K | $190K |
| Median 504 approval | $942K | $612K | $657K |
| Average approval | $675K | $645K | $573K |
| 504 share of approvals | 9.7% | 11.1% | 11.0% |
| Jobs supported per approval, as reported | 7.0 | 10.6 | 10.5 |
| Share of state approvals | 0.3% | 100.0% | — |
Approval sizes
- $50,000 or less6.5%2
- $50,001 to $150,00022.6%7
- $150,001 to $350,00016.1%5
- $350,001 to $1 million35.5%11
- $1 million to $2 million16.1%5
- Over $2 million3.2%1
Age of the businesses
- Existing, more than 2 years old51.6%16
- New business, 2 years or less19.4%6
- Startup, loan funds will open the business3.2%1
- Change of ownership25.8%8
Questions and answers
Which lenders make the most SBA loans in Gunnison County?
By approvals in FY2021 to FY2025: The Huntington National Bank (7), Celtic Bank Corporation (3), Newtek Small Business Finance, Inc. (2), First Internet Bank of Indiana (2), Wells Fargo Bank National Association (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Gunnison County?
The median 7(a) approval was $367K and the median 504 approval $942K; the Colorado 7(a) median was $261K.
Which industries get the most SBA loans in Gunnison County?
Activities Related to Real Estate (6); Building Equipment Contractors (3); Other Professional, Scientific, and Technical Services (3); Sporting Goods, Hobby, and Musical Instrument Retailers (3); Building Finishing Contractors (2).
Is SBA lending in Gunnison County rising?
Approvals in the three latest complete fiscal years total 17, against 22 in the three before: falling (-23%).
How does Gunnison County compare with the rest of Colorado?
26.0 approvals per 1,000 establishments against 49.6 statewide, and 31 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