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County19th of 60 in Colorado by approvalsFIPS 08085
SBA loans in Montrose 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 47 loans to businesses in Montrose County, Colorado, in FY2021 to FY2025, worth $26.2M: 39 under 7(a) and 8 under 504.
That is 31.3 approvals per 1,000 business establishments (1,501 establishments in 2023), below the Colorado figure of 49.6 and below the national 41.0.
It ranks 19th of 60 Colorado counties with approvals. In FY2025 there were 11.
18 lenders had approvals here; the most active were U.S. Bank, National Association (8), B:Side Capital (7) and Timberline Bank (6). The most common industry was traveler accommodation.
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 Montrose County
By number of approvals to businesses in the county, FY2021–FY2025; 18 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National AssociationCincinnati, OH | 8 | $1.9M | 17.0% | |
| 2 | B:Side CapitalDenver, CO · CDC | 7 | $3.2M | 14.9% | |
| 3 | Timberline BankGrand Junction, CO | 6 | $6.1M | 12.8% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 4 | $2.5M | 8.5% | |
| 5 | Readycap Lending, LLCBerkeley Heights, NJ | 3 | $2.6M | 6.4% | |
| 6 | Zions Bank, A Division ofSalt Lake City, UT | 3 | $776K | 6.4% | |
| 7 | First Western SBLC, LLCDallas, TX | 2 | — | 4.3% | |
| 8 | HomeTrust BankAsheville, NC | 2 | — | 4.3% | |
| 9 | Northeast BankLewiston, ME | 2 | — | 4.3% | |
| 10 | First Southwest BankDurango, CO | 2 | — | 4.3% | |
| 11 | Southwestern National BankHouston, TX | 1 | — | 2.1% | |
| 12 | Stearns Bank National AssociationSaint Cloud, MN | 1 | — | 2.1% | |
| 13 | Preferred Lending PartnersLakewood, CO · CDC | 1 | — | 2.1% | |
| 14 | MVB Bank, Inc.Fairmont, WV | 1 | — | 2.1% | |
| 15 | Cache Valley BankLogan, UT | 1 | — | 2.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 5 | 10.6% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 10.6% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 5 | 10.6% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 4 | 8.5% | |
| 5 | Other Miscellaneous ManufacturingNAICS 3399 | 3 | 6.4% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 6.4% | |
| 7 | Gasoline StationsNAICS 4571 | 2 | 4.3% | |
| 8 | General Freight TruckingNAICS 4841 | 2 | 4.3% | |
| 9 | Death Care ServicesNAICS 8122 | 2 | 4.3% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 2 | 4.3% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 13 | 27.7% | |
| 2 | Accommodation and Food Services | 11 | 23.4% | |
| 3 | Other Services (except Public Administration) | 6 | 12.8% | |
| 4 | Manufacturing | 5 | 10.6% | |
| 5 | Retail Trade | 2 | 4.3% | |
| 6 | Transportation and Warehousing | 2 | 4.3% | |
| 7 | Wholesale Trade | 2 | 4.3% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 2 | 4.3% |
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* | 14 | $13.3M | $183K | 0 | — | 14 | 112 |
| FY2025 | 10 | $5.3M | $200K | 1 | — | 11 | 148 |
| FY2024 | 8 | $6.4M | $880K | 0 | — | 8 | 58 |
| FY2023 | 5 | $2.8M | $100K | 0 | — | 5 | 67 |
| FY2022 | 5 | $1.5M | $50K | 3 | $1.0M | 8 | 80 |
| FY2021 | 11 | $6.5M | $113K | 4 | $2.2M | 15 | 271 |
| FY2020 | 11 | $7.8M | $360K | 1 | — | 12 | 282 |
| FY2019 | 15 | $8.4M | $232K | 0 | — | 15 | 232 |
| FY2018 | 10 | $2.6M | $257K | 1 | — | 11 | 168 |
| FY2017 | 10 | $2.1M | $176K | 1 | — | 11 | 42 |
| FY2016 | 10 | $3.6M | $108K | 0 | — | 10 | 29 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 59 approvals.
Against Colorado and the country
| FY2021–FY2025 | Montrose County | Colorado | United States |
|---|---|---|---|
| Approvals | 47 | 9,057 | 342,825 |
| Approvals per 1,000 establishments | 31.3 | 49.6 | 41.0 |
| Median 7(a) approval | $150K | $261K | $190K |
| Median 504 approval | $371K | $612K | $657K |
| Average approval | $558K | $645K | $573K |
| 504 share of approvals | 17.0% | 11.1% | 11.0% |
| Jobs supported per approval, as reported | 13.3 | 10.6 | 10.5 |
| Share of state approvals | 0.5% | 100.0% | — |
Approval sizes
- $50,000 or less29.8%14
- $50,001 to $150,00014.9%7
- $150,001 to $350,00017.0%8
- $350,001 to $1 million23.4%11
- $1 million to $2 million10.6%5
- Over $2 million4.3%2
Age of the businesses
- Existing, more than 2 years old51.1%24
- New business, 2 years or less31.9%15
- Startup, loan funds will open the business4.3%2
- Change of ownership12.8%6
Questions and answers
Which lenders make the most SBA loans in Montrose County?
By approvals in FY2021 to FY2025: U.S. Bank, National Association (8), B:Side Capital (7), Timberline Bank (6), Wells Fargo Bank National Association (4), Readycap Lending, LLC (3). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Montrose County?
The median 7(a) approval was $150K and the median 504 approval $371K; the Colorado 7(a) median was $261K.
Which industries get the most SBA loans in Montrose County?
Traveler Accommodation (5); Restaurants and Other Eating Places (5); Other Specialty Trade Contractors (5); Building Equipment Contractors (4); Other Miscellaneous Manufacturing (3).
Is SBA lending in Montrose County rising?
Approvals in the three latest complete fiscal years total 24, against 35 in the three before: falling (-31%).
How does Montrose County compare with the rest of Colorado?
31.3 approvals per 1,000 establishments against 49.6 statewide, and 47 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