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County12th of 60 in Colorado by approvalsFIPS 08067
SBA loans in La Plata 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 La Plata County, Colorado, received 116 SBA loan approvals worth $49.6M in FY2021 to FY2025 (105 7(a), 11 504).
That is 47.4 approvals per 1,000 business establishments (2,447 establishments in 2023), close to the Colorado figure of 49.6 and above the national 41.0.
It ranks 12th of 60 Colorado counties with approvals. In FY2025 there were 31, up 107% on FY2024.
29 lenders had approvals here; the most active were First Southwest Bank (34), Wells Fargo Bank National Association (14) and Zions Bank, A Division of (12). 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 La Plata County
By number of approvals to businesses in the county, FY2021–FY2025; 29 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | First Southwest BankDurango, CO | 34 | $5.8M | 29.3% | |
| 2 | Wells Fargo Bank National AssociationSioux Falls, SD | 14 | $3.9M | 12.1% | |
| 3 | Zions Bank, A Division ofSalt Lake City, UT | 12 | $1.4M | 10.3% | |
| 4 | B:Side CapitalDenver, CO · CDC | 11 | $3.6M | 9.5% | |
| 5 | Live Oak Banking CompanyWilmington, NC | 5 | $3.9M | 4.3% | |
| 6 | Newtek Bank, National AssociationMiami, FL | 5 | $2.1M | 4.3% | |
| 7 | The Huntington National BankColumbus, OH | 4 | $1.4M | 3.4% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 3 | $756K | 2.6% | |
| 9 | Bank of America, National AssociationCharlotte, NC | 3 | $599K | 2.6% | |
| 10 | The Fidelity BankFuquay Varina, NC | 2 | — | 1.7% | |
| 11 | Harvest Small Business Finance, LLCLaguna Hills, CA | 2 | — | 1.7% | |
| 12 | U.S. Bank, National AssociationCincinnati, OH | 2 | — | 1.7% | |
| 13 | The Bancorp Bank National AssociationSioux Falls, SD | 2 | — | 1.7% | |
| 14 | Glacier BankKalispell, MT | 2 | — | 1.7% | |
| 15 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 0.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 13 | 11.2% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 8 | 6.9% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 7 | 6.0% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 5 | 4.3% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 5 | 4.3% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 3.4% | |
| 7 | Traveler AccommodationNAICS 7211 | 3 | 2.6% | |
| 8 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | 2.6% | |
| 9 | Building Finishing ContractorsNAICS 2383 | 3 | 2.6% | |
| 10 | Lessors of Real EstateNAICS 5311 | 3 | 2.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 19 | 16.4% | |
| 2 | Construction | 13 | 11.2% | |
| 3 | Health Care and Social Assistance | 10 | 8.6% | |
| 4 | Professional, Scientific, and Technical Services | 10 | 8.6% | |
| 5 | Other Services (except Public Administration) | 9 | 7.8% | |
| 6 | Retail Trade | 9 | 7.8% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 9 | 7.8% | |
| 8 | Manufacturing | 8 | 6.9% |
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* | 6 | $1.8M | $119K | 1 | — | 7 | 43 |
| FY2025 | 30 | $10.8M | $140K | 1 | — | 31 | 276 |
| FY2024 | 14 | $9.3M | $261K | 1 | — | 15 | 44 |
| FY2023 | 5 | $1.4M | $70K | 1 | — | 6 | 68 |
| FY2022 | 18 | $5.3M | $117K | 4 | $1.8M | 22 | 142 |
| FY2021 | 38 | $19.2M | $175K | 4 | $939K | 42 | 287 |
| FY2020 | 12 | $17.4M | $575K | 2 | — | 14 | 203 |
| FY2019 | 11 | $3.3M | $180K | 3 | $741K | 14 | 80 |
| FY2018 | 15 | $4.9M | $173K | 1 | — | 16 | 139 |
| FY2017 | 6 | $4.8M | $143K | 3 | $1.1M | 9 | 56 |
| FY2016 | 9 | $5.1M | $600K | 5 | $2.9M | 14 | 118 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 67 approvals.
Against Colorado and the country
| FY2021–FY2025 | La Plata County | Colorado | United States |
|---|---|---|---|
| Approvals | 116 | 9,057 | 342,825 |
| Approvals per 1,000 establishments | 47.4 | 49.6 | 41.0 |
| Median 7(a) approval | $150K | $261K | $190K |
| Median 504 approval | $247K | $612K | $657K |
| Average approval | $428K | $645K | $573K |
| 504 share of approvals | 9.5% | 11.1% | 11.0% |
| Jobs supported per approval, as reported | 7.0 | 10.6 | 10.5 |
| Share of state approvals | 1.3% | 100.0% | — |
Approval sizes
- $50,000 or less26.7%31
- $50,001 to $150,00023.3%27
- $150,001 to $350,00020.7%24
- $350,001 to $1 million17.2%20
- $1 million to $2 million9.5%11
- Over $2 million2.6%3
Age of the businesses
- Existing, more than 2 years old49.1%57
- New business, 2 years or less25.9%30
- Startup, loan funds will open the business15.5%18
- Change of ownership9.5%11
Questions and answers
Which lenders make the most SBA loans in La Plata County?
By approvals in FY2021 to FY2025: First Southwest Bank (34), Wells Fargo Bank National Association (14), Zions Bank, A Division of (12), B:Side Capital (11), Live Oak Banking Company (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in La Plata County?
The median 7(a) approval was $150K and the median 504 approval $247K; the Colorado 7(a) median was $261K.
Which industries get the most SBA loans in La Plata County?
Restaurants and Other Eating Places (13); Offices of Other Health Practitioners (8); Automotive Repair and Maintenance (7); Building Equipment Contractors (5); Services to Buildings and Dwellings (5).
Is SBA lending in La Plata County rising?
Approvals in the three latest complete fiscal years total 52, against 78 in the three before: falling (-33%).
How does La Plata County compare with the rest of Colorado?
47.4 approvals per 1,000 establishments against 49.6 statewide, and 116 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