Lenders › First Southwest Bank
7(a) lenderDurango, ColoradoFDIC-insured bank286th of 2,184 by approvals
First Southwest Bank
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
First Southwest Bank (Durango, Colorado) is an FDIC-insured bank in the SBA 7(a) program, 286th of 2,184 by approvals in FY2021 to FY2025: 116 loans worth $36.5M.
In FY2025, the latest complete fiscal year, it had 1 approval totalling —. FY2026 to 30 Jun 2026 adds 6 more.
The median approval was $150K, against $190K for the 7(a) program as a whole; 52.6% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 3 states and territories and 22 counties, led by Colorado (90.5%), New Mexico (8.6%) and Kansas (0.9%). The largest industry group was transportation and warehousing at 19.0% of approvals, and 2.6% of approvals were to franchise businesses.
Of 170 disbursed loans approved in FY2010 to FY2021, SBA records 7 as charged off (4.1%), 124 as paid in full and 39 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 6 | $1.3M | $211K | $219K | 36 |
| FY2025 | 1 | — | — | — | 5 |
| FY2024 | 7 | $8.0M | $448K | $1.1M | 104 |
| FY2023 | 13 | $2.5M | $175K | $192K | 67 |
| FY2022 | 24 | $8.7M | $181K | $363K | 182 |
| FY2021 | 71 | $16.8M | $125K | $237K | 873 |
| FY2020 | 26 | $7.6M | $80K | $294K | 214 |
| FY2019 | 7 | $2.0M | $222K | $279K | 48 |
| FY2018 | 25 | $9.7M | $227K | $389K | 207 |
| FY2017 | 6 | $2.1M | $300K | $355K | 71 |
| FY2016 | 9 | $4.0M | $375K | $443K | 125 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 73 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Colorado | 7(a) program |
|---|---|---|---|
| Approvals in these years | 190 | 15,975 | 639,905 |
| Cancelled or never disbursed | 20 | 1,999 | 79,313 |
| Disbursed loans | 170 | 13,976 | 560,592 |
| Paid in full | 124 | 10,957 | 435,813 |
| Charged off | 7 | 792 | 36,891 |
| Still outstanding (status exempt from disclosure) | 39 | 2,227 | 87,888 |
| Charged off, share of disbursed loans | 4.1% | 5.7% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.0% | 1.8% | 2.5% |
| Dollars charged off | $1.1M | $120M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 62 | 33 | 3 | 4.8% | 2.8% |
| FY2020 | 21 | 16 | 0 | — | 4.0% |
| FY2019 | 7 | 3 | 0 | — | 6.7% |
| FY2018 | 22 | 18 | 1 | — | 7.9% |
| FY2017 | 5 | 5 | 0 | — | 7.7% |
| FY2016 | 8 | 8 | 0 | — | 7.2% |
| FY2015 | 13 | 13 | 0 | — | 6.9% |
| FY2014 | 9 | 8 | 1 | — | 6.4% |
| FY2013 | 7 | 7 | 0 | — | 6.0% |
| FY2012 | 6 | 5 | 1 | — | 6.3% |
| FY2011 | 7 | 5 | 1 | — | 6.9% |
| FY2010 | 3 | 3 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $150K | $190K |
| Average approval | $315K | $518K |
| Approvals of $150,000 or less | 52.6% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 48.3% | 34.3% |
| Approvals to franchise businesses | 2.6% | 11.5% |
| Jobs supported per approval, as reported | 10.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 4.1% | 6.6% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Colorado | 105 | $34.4M | 90.5% | |
| 2 | New Mexico | 10 | $1.7M | 8.6% | |
| 3 | Kansas | 1 | — | 0.9% |
In Colorado the lender accounts for 1.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (22 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | La Plata County, CO | 34 | $5.8M | 29.3% | |
| 2 | Montezuma County, CO | 19 | $4.5M | 16.4% | |
| 3 | Archuleta County, CO | 13 | $6.5M | 11.2% | |
| 4 | Alamosa County, CO | 11 | $2.6M | 9.5% | |
| 5 | San Juan County, NM | 9 | $782K | 7.8% | |
| 6 | Saguache County, CO | 6 | $1.4M | 5.2% | |
| 7 | Rio Grande County, CO | 5 | $5.1M | 4.3% | |
| 8 | Conejos County, CO | 4 | $625K | 3.4% | |
| 9 | Montrose County, CO | 2 | — | 1.7% | |
| 10 | Prowers County, CO | 1 | — | 0.9% | |
| 11 | Bent County, CO | 1 | — | 0.9% | |
| 12 | Otero County, NM | 1 | — | 0.9% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Transportation and Warehousing | 22 | 19.0% | |
| 2 | Manufacturing | 14 | 12.1% | |
| 3 | Administrative and Support and Waste Management and Remediation Services | 12 | 10.3% | |
| 4 | Real Estate and Rental and Leasing | 11 | 9.5% | |
| 5 | Accommodation and Food Services | 8 | 6.9% | |
| 6 | Retail Trade | 8 | 6.9% | |
| 7 | Other Services (except Public Administration) | 7 | 6.0% | |
| 8 | Construction | 7 | 6.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 16 | 13.8% | |
| 2 | Lessors of Real EstateNAICS 5311 | 9 | 7.8% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 5.2% | |
| 4 | Other Wood Product ManufacturingNAICS 3219 | 5 | 4.3% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 5 | 4.3% | |
| 6 | Grocery and Related Product Merchant WholesalersNAICS 4244 | 4 | 3.4% | |
| 7 | Specialized Freight TruckingNAICS 4842 | 4 | 3.4% | |
| 8 | Residential Building ConstructionNAICS 2361 | 3 | 2.6% | |
| 9 | Support Activities for MiningNAICS 2131 | 3 | 2.6% | |
| 10 | Nonmetallic Mineral Mining and QuarryingNAICS 2123 | 3 | 2.6% |
Approval sizes
- $50,000 or less18.1%21
- $50,001 to $150,00034.5%40
- $150,001 to $350,00023.3%27
- $350,001 to $1 million19.8%23
- $1 million to $2 million3.4%4
- Over $2 million0.9%1
Loan terms
- 5 years or less25.0%29
- Over 5 to 10 years57.8%67
- Over 10 to 20 years12.9%15
- Over 20 years4.3%5
Age of the businesses
- Existing, more than 2 years old46.6%54
- New business, 2 years or less19.8%23
- Startup, loan funds will open the business28.4%33
- Change of ownership5.2%6
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 74 | 63.8% | |
| 2 | Preferred Lenders Program | 41 | 35.3% | |
| 3 | Contract CAPLine | 1 | 0.9% |
Franchise share
3 of 116 approvals in FY2021–FY2025 (2.6%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | PuroClean | 2 | 1.7% | |
| 2 | The UPS Store | 1 | 0.9% |
Questions and answers
How many SBA loans does First Southwest Bank make?
SBA approved 1 7(a) loans through First Southwest Bank in FY2025, worth —, and 116 over FY2021 to FY2025. That ranks 286th of 2,184 active 7(a) lenders by number of approvals.
How large are First Southwest Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $150K and the average $315K. The program-wide median was $190K.
What is First Southwest Bank's charge-off rate?
Of 170 disbursed loans approved in FY2010 to FY2021, SBA records 7 as charged off (4.1%), 124 as paid in full and 39 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does First Southwest Bank lend to most?
By number of approvals in FY2021 to FY2025: general freight trucking (16); lessors of real estate (9); automotive repair and maintenance (6); other wood product manufacturing (5).
Where does First Southwest Bank make SBA loans?
In 3 states and territories. Colorado 105, New Mexico 10, Kansas 1. In Colorado it accounts for 1.3% of all 7(a) approvals.
Is First Southwest Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 21, against 121 in the three before: falling (-83%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error