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County15th of 60 in Colorado by approvalsFIPS 08117
SBA loans in Summit 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 101 loans to businesses in Summit County, Colorado, in FY2021 to FY2025, worth $72.0M: 93 under 7(a) and 8 under 504.
That is 43.8 approvals per 1,000 business establishments (2,306 establishments in 2023), close to the Colorado figure of 49.6 and close to the national 41.0.
It ranks 15th of 60 Colorado counties with approvals. In FY2025 there were 28, up 87% on FY2024.
29 lenders had approvals here; the most active were U.S. Bank, National Association (14), Wells Fargo Bank National Association (12) and The Huntington National Bank (10). 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 Summit County
By number of approvals to businesses in the county, FY2021–FY2025; 29 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National AssociationCincinnati, OH | 14 | $2.6M | 13.9% | |
| 2 | Wells Fargo Bank National AssociationSioux Falls, SD | 12 | $8.2M | 11.9% | |
| 3 | The Huntington National BankColumbus, OH | 10 | $7.9M | 9.9% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 9 | $13.6M | 8.9% | |
| 5 | Readycap Lending, LLCBerkeley Heights, NJ | 6 | $2.7M | 5.9% | |
| 6 | KeyBank National AssociationCleveland, OH | 5 | $4.6M | 5.0% | |
| 7 | Columbia BankLake Oswego, OR | 5 | $4.1M | 5.0% | |
| 8 | BayFirst National BankSaint Petersburg, FL | 4 | $502K | 4.0% | |
| 9 | Newtek Small Business Finance, Inc.Lake Success, NY | 3 | $3.1M | 3.0% | |
| 10 | B:Side CapitalDenver, CO · CDC | 3 | $1.5M | 3.0% | |
| 11 | Northeast BankLewiston, ME | 3 | $757K | 3.0% | |
| 12 | Busey BankChampaign, IL | 2 | — | 2.0% | |
| 13 | Preferred Lending PartnersLakewood, CO · CDC | 2 | — | 2.0% | |
| 14 | First Bank of the LakeOsage Beach, MO | 2 | — | 2.0% | |
| 15 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 2 | — | 2.0% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 19 | 18.8% | |
| 2 | Other Specialty Trade ContractorsNAICS 2389 | 8 | 7.9% | |
| 3 | Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591 | 5 | 5.0% | |
| 4 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 5 | 5.0% | |
| 5 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 4 | 4.0% | |
| 6 | Other Miscellaneous RetailersNAICS 4599 | 4 | 4.0% | |
| 7 | Building Finishing ContractorsNAICS 2383 | 3 | 3.0% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 3 | 3.0% | |
| 9 | Activities Related to Real EstateNAICS 5313 | 3 | 3.0% | |
| 10 | Services to Buildings and DwellingsNAICS 5617 | 3 | 3.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 23 | 22.8% | |
| 2 | Retail Trade | 20 | 19.8% | |
| 3 | Construction | 19 | 18.8% | |
| 4 | Professional, Scientific, and Technical Services | 12 | 11.9% | |
| 5 | Other Services (except Public Administration) | 9 | 8.9% | |
| 6 | Real Estate and Rental and Leasing | 6 | 5.9% | |
| 7 | Health Care and Social Assistance | 5 | 5.0% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 3 | 3.0% |
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* | 15 | $9.1M | $350K | 1 | — | 16 | 74 |
| FY2025 | 24 | $13.3M | $270K | 4 | $3.0M | 28 | 219 |
| FY2024 | 15 | $7.6M | $260K | 0 | — | 15 | 187 |
| FY2023 | 23 | $20.6M | $200K | 1 | — | 24 | 245 |
| FY2022 | 12 | $14.7M | $633K | 3 | $3.8M | 15 | 242 |
| FY2021 | 19 | $6.9M | $250K | 0 | — | 19 | 156 |
| FY2020 | 13 | $7.1M | $150K | 3 | $1.6M | 16 | 63 |
| FY2019 | 18 | $10.5M | $205K | 1 | — | 19 | 121 |
| FY2018 | 12 | $4.0M | $234K | 2 | — | 14 | 57 |
| FY2017 | 7 | $2.4M | $340K | 0 | — | 7 | 7 |
| FY2016 | 26 | $5.7M | $253K | 0 | — | 26 | 239 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 82 approvals.
Against Colorado and the country
| FY2021–FY2025 | Summit County | Colorado | United States |
|---|---|---|---|
| Approvals | 101 | 9,057 | 342,825 |
| Approvals per 1,000 establishments | 43.8 | 49.6 | 41.0 |
| Median 7(a) approval | $260K | $261K | $190K |
| Median 504 approval | $844K | $612K | $657K |
| Average approval | $713K | $645K | $573K |
| 504 share of approvals | 7.9% | 11.1% | 11.0% |
| Jobs supported per approval, as reported | 10.4 | 10.6 | 10.5 |
| Share of state approvals | 1.1% | 100.0% | — |
Approval sizes
- $50,000 or less23.8%24
- $50,001 to $150,00012.9%13
- $150,001 to $350,00015.8%16
- $350,001 to $1 million23.8%24
- $1 million to $2 million12.9%13
- Over $2 million10.9%11
Age of the businesses
- Existing, more than 2 years old50.5%51
- New business, 2 years or less22.8%23
- Startup, loan funds will open the business10.9%11
- Change of ownership15.8%16
Questions and answers
Which lenders make the most SBA loans in Summit County?
By approvals in FY2021 to FY2025: U.S. Bank, National Association (14), Wells Fargo Bank National Association (12), The Huntington National Bank (10), Live Oak Banking Company (9), Readycap Lending, LLC (6). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Summit County?
The median 7(a) approval was $260K and the median 504 approval $844K; the Colorado 7(a) median was $261K.
Which industries get the most SBA loans in Summit County?
Restaurants and Other Eating Places (19); Other Specialty Trade Contractors (8); Sporting Goods, Hobby, and Musical Instrument Retailers (5); Foundation, Structure, and Building Exterior Contractors (5); Other Professional, Scientific, and Technical Services (4).
Is SBA lending in Summit County rising?
Approvals in the three latest complete fiscal years total 67, against 50 in the three before: rising (+34%).
How does Summit County compare with the rest of Colorado?
43.8 approvals per 1,000 establishments against 49.6 statewide, and 101 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