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County22nd of 60 in Colorado by approvalsFIPS 08083
SBA loans in Montezuma 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 Montezuma County, Colorado, received 40 SBA loan approvals worth $13.0M in FY2021 to FY2025 (35 7(a), 5 504).
That is 52.7 approvals per 1,000 business establishments (759 establishments in 2023), close to the Colorado figure of 49.6 and above the national 41.0.
It ranks 22nd of 60 Colorado counties with approvals. In FY2025 there were 9.
12 lenders had approvals here; the most active were First Southwest Bank (19), Zions Bank, A Division of (5) and B:Side Capital (4). 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 Montezuma County
By number of approvals to businesses in the county, FY2021–FY2025; 12 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | First Southwest BankDurango, CO | 19 | $4.5M | 47.5% | |
| 2 | Zions Bank, A Division ofSalt Lake City, UT | 5 | $1.3M | 12.5% | |
| 3 | B:Side CapitalDenver, CO · CDC | 4 | $1.3M | 10.0% | |
| 4 | First National Bank, CortezCortez, CO | 3 | $1.0M | 7.5% | |
| 5 | The Huntington National BankColumbus, OH | 2 | — | 5.0% | |
| 6 | U.S. Bank, National AssociationCincinnati, OH | 1 | — | 2.5% | |
| 7 | Pathward National AssociationSioux Falls, SD | 1 | — | 2.5% | |
| 8 | FWBankChicago, IL | 1 | — | 2.5% | |
| 9 | Preferred Lending PartnersLakewood, CO · CDC | 1 | — | 2.5% | |
| 10 | Northeast BankLewiston, ME | 1 | — | 2.5% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.5% | |
| 12 | City National Bank of FloridaMiami, FL | 1 | — | 2.5% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 12.5% | |
| 2 | Beer, Wine, and Liquor StoresNAICS 4453 | 4 | 10.0% | |
| 3 | Other Wood Product ManufacturingNAICS 3219 | 4 | 10.0% | |
| 4 | Lawn and Garden Equipment and Supplies StoresNAICS 4442 | 3 | 7.5% | |
| 5 | Nonmetallic Mineral Mining and QuarryingNAICS 2123 | 3 | 7.5% | |
| 6 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 2 | 5.0% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 2 | 5.0% | |
| 8 | Other Fabricated Metal Product ManufacturingNAICS 3329 | 2 | 5.0% | |
| 9 | Support Activities for Animal ProductionNAICS 1152 | 1 | 2.5% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 1 | 2.5% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 9 | 22.5% | |
| 2 | Manufacturing | 7 | 17.5% | |
| 3 | Accommodation and Food Services | 5 | 12.5% | |
| 4 | Professional, Scientific, and Technical Services | 4 | 10.0% | |
| 5 | Mining, Quarrying, and Oil and Gas Extraction | 3 | 7.5% | |
| 6 | Agriculture, Forestry, Fishing and Hunting | 2 | 5.0% | |
| 7 | Other Services (except Public Administration) | 2 | 5.0% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 2 | 5.0% |
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 | $4.0M | $541K | 0 | — | 5 | 29 |
| FY2025 | 8 | $4.0M | $225K | 1 | — | 9 | 100 |
| FY2024 | 5 | $1.6M | $200K | 1 | — | 6 | 45 |
| FY2023 | 3 | $1.4M | $540K | 1 | — | 4 | 22 |
| FY2022 | 3 | $975K | $227K | 2 | — | 5 | 56 |
| FY2021 | 16 | $3.4M | $148K | 0 | — | 16 | 286 |
| FY2020 | 4 | $344K | $83K | 0 | — | 4 | 35 |
| FY2019 | 0 | — | — | 0 | — | 0 | 0 |
| FY2018 | 6 | $5.8M | $492K | 1 | — | 7 | 58 |
| FY2017 | 2 | — | — | 1 | — | 3 | 22 |
| FY2016 | 5 | $2.1M | $250K | 0 | — | 5 | 24 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 19 approvals.
Against Colorado and the country
| FY2021–FY2025 | Montezuma County | Colorado | United States |
|---|---|---|---|
| Approvals | 40 | 9,057 | 342,825 |
| Approvals per 1,000 establishments | 52.7 | 49.6 | 41.0 |
| Median 7(a) approval | $200K | $261K | $190K |
| Median 504 approval | $261K | $612K | $657K |
| Average approval | $325K | $645K | $573K |
| 504 share of approvals | 12.5% | 11.1% | 11.0% |
| Jobs supported per approval, as reported | 12.7 | 10.6 | 10.5 |
| Share of state approvals | 0.4% | 100.0% | — |
Approval sizes
- $50,000 or less12.5%5
- $50,001 to $150,00025.0%10
- $150,001 to $350,00032.5%13
- $350,001 to $1 million25.0%10
- $1 million to $2 million5.0%2
Age of the businesses
- Existing, more than 2 years old52.5%21
- New business, 2 years or less20.0%8
- Startup, loan funds will open the business15.0%6
- Change of ownership12.5%5
Questions and answers
Which lenders make the most SBA loans in Montezuma County?
By approvals in FY2021 to FY2025: First Southwest Bank (19), Zions Bank, A Division of (5), B:Side Capital (4), First National Bank, Cortez (3), The Huntington National Bank (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Montezuma County?
The median 7(a) approval was $200K and the median 504 approval $261K; the Colorado 7(a) median was $261K.
Which industries get the most SBA loans in Montezuma County?
Restaurants and Other Eating Places (5); Beer, Wine, and Liquor Stores (4); Other Wood Product Manufacturing (4); Lawn and Garden Equipment and Supplies Stores (3); Nonmetallic Mineral Mining and Quarrying (3).
Is SBA lending in Montezuma County rising?
Approvals in the three latest complete fiscal years total 19, against 25 in the three before: falling (-24%).
How does Montezuma County compare with the rest of Colorado?
52.7 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