SBA Ledger

States › Colorado

State2.6% of US approvals261 lenders active

SBA loans in Colorado

7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.

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 9,057 small business loans in Colorado in FY2021 to FY2025: 8,055 under the 7(a) program and 1,002 under 504, worth $5.84bn together.

That is 49.6 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 2.6% of all approvals in the country (12th of 54 states and territories).

In FY2025 there were 2,408 approvals totalling $1.37bn, up 23% on FY2024. The median 7(a) approval over the five years was $261K and the median 504 approval $612K.

261 lenders had at least one approval in the state; by number of 7(a) approvals the most active were The Huntington National Bank (1,043), U.S. Bank, National Association (598) and Wells Fargo Bank National Association (426).

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 5.7% as charged off, against 6.6% nationally.

2,408approvals, FY20259,057 in FY2021–FY2025
$1.37bnapproved, FY2025$5.84bn in FY2021–FY2025
49.6approvals per 1,000 establishments, FY2021–FY2025US: 41.0
$261Kmedian 7(a) approvalUS: $190K
5.7%7(a) loans approved FY2010–FY2021 charged offUS: 6.6%

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.

Most active 7(a) lenders in Colorado

Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.

#LenderApprovals in CO, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1The Huntington National BankColumbus, OH1,043$315M12.9%$92K5.7%
2U.S. Bank, National AssociationCincinnati, OH598$98.8M7.4%$45K6.2%
3Wells Fargo Bank National AssociationSioux Falls, SD426$125M5.3%$15K7.9%
4Live Oak Banking CompanyWilmington, NC379$508M4.7%$850K2.2%
5KeyBank National AssociationCleveland, OH305$79.4M3.8%$75K4.3%
6Newtek Bank, National AssociationMiami, FL285$134M3.5%$225K—
7Northeast BankLewiston, ME274$42.6M3.4%$106K12.8%
8Readycap Lending, LLCBerkeley Heights, NJ234$105M2.9%$138K4.3%
9Hanmi BankLos Angeles, CA233$224M2.9%$630K6.0%
10JPMorgan Chase Bank, National AssociationColumbus, OH230$76.3M2.9%$200K7.4%
11BayFirst National BankSaint Petersburg, FL225$33.9M2.8%$150K19.2%
12Zions Bank, A Division ofSalt Lake City, UT189$51.6M2.3%$140K5.9%
13SouthState Bank, National AssociationWinter Haven, FL153$176M1.9%$350K2.8%
14BMO Bank National AssociationChicago, IL117$82.0M1.5%$512K2.9%
15Celtic Bank CorporationSalt Lake City, UT115$71.6M1.4%$150K17.0%
16Community Banks of Colorado, A Division of NBH BankGreenwood Village, CO113$109M1.4%$500K4.0%
17United Midwest Savings Bank National AssociationDe Graff, OH109$27.2M1.4%$150K15.9%
18Busey BankChampaign, IL108$113M1.3%$746K6.5%
19First Southwest BankDurango, CO105$34.4M1.3%$150K4.1%
20Newtek Small Business Finance, Inc.Lake Success, NY104$55.3M1.3%$300K6.8%
21Colorado Enterprise FundDenver, CO98$17.3M1.2%$150K—
22Bank of HopeLos Angeles, CA91$95.1M1.1%$350K6.5%
23Integrity Bank & TrustMonument, CO89$34.1M1.1%$200K—
24First Internet Bank of IndianaFishers, IN77$76.2M1.0%$895K5.3%
25Midwest Regional BankFestus, MO76$98.6M0.9%$613K10.5%
26Byline BankChicago, IL74$102M0.9%$806K9.5%
27BOKF, National AssociationTulsa, OK72$67.8M0.9%$523K3.0%
28First National Bank of OmahaOmaha, NE72$24.2M0.9%$201K4.3%
29First Bank of the LakeOsage Beach, MO62$40.6M0.8%$350K2.7%
30Sunflower Bank National AssociationDallas, TX61$59.4M0.8%$495K3.0%
31Enterprise Bank & TrustClayton, MO59$71.8M0.7%$941K1.1%
32UMB Bank, National AssociationKansas City, MO58$33.7M0.7%$356K5.5%
33Lendistry SBLC, LLCLos Angeles, CA57$10.6M0.7%$150K22.7%
34InBankRaton, NM54$53.9M0.7%$702K—
35The Bancorp Bank National AssociationSioux Falls, SD45$63.7M0.6%$589K6.7%
36Columbia BankLake Oswego, OR43$46.3M0.5%$50K7.9%
37VelocitySBA, LLCIrving, TX43$43.8M0.5%$769K19.9%
38PNC Bank, National AssociationWilmington, DE43$27.8M0.5%$50K8.1%
39Timberline BankGrand Junction, CO41$32.0M0.5%$321K0.7%
40FMS BankFort Morgan, CO40$35.5M0.5%$600K7.7%

504 certified development companies

#LenderApprovals in CO, FY2021–25DollarsShareMedian approval, all statesFY2016–26Charged off, FY2010–21 loans
1B:Side CapitalDenver, CO · 504 CDC687$600M68.6%$590K1.0%
2Preferred Lending PartnersLakewood, CO · 504 CDC127$108M12.7%$613K0.0%
3Mountain West Small Business FinanceSalt Lake City, UT · 504 CDC101$128M10.1%$684K0.6%
4Pikes Peak Regional Development CorporationColorado Springs, CO · 504 CDC71$59.2M7.1%$602K2.3%
5Community Economic Development Company of ColoradoDenver, CO · 504 CDC8$15.0M0.8%$1.5M2.9%
6Mortgage Capital Development CorporationOakland, CA · 504 CDC2—0.2%$913K0.3%
7Great Lakes Commercial FinanceGrandville, MI · 504 CDC1—0.1%$515K1.4%
8Business Finance Group, Inc.Fairfax, VA · 504 CDC1—0.1%$584K0.9%
9California Statewide Certified Development CorporationDavis, CA · 504 CDC1—0.1%$886K0.1%
10Big Sky Economic Development CorporationBillings, MT · 504 CDC1—0.1%$642K0.0%
11Rural Missouri, Inc.Jefferson City, MO · 504 CDC1—0.1%$588K0.8%
12Intermountain Business Lending, Inc.Ogden, UT · 504 CDC1—0.1%$662K0.5%

Fiscal-year ledger

Fiscal year7(a) approvals7(a) dollarsMedian 7(a)504 approvals504 dollarsAll approvalsJobs supported, as reported
FY2026*1,061$608M$250K115$115M1,17610,833
FY20252,242$1.21bn$225K166$163M2,40824,554
FY20241,797$936M$200K156$164M1,95319,069
FY20231,439$856M$250K144$138M1,58318,031
FY20221,128$770M$330K233$217M1,36114,662
FY20211,449$1.15bn$415K303$239M1,75219,942
FY20201,123$716M$300K181$151M1,30413,856
FY20191,301$704M$250K146$137M1,44713,967
FY20181,437$731M$227K162$152M1,59916,114
FY20171,593$763M$200K168$142M1,76116,589
FY20161,815$682M$150K181$144M1,99616,598

7(a) approvals504 approvals

919293949596979899000102030405060708091011121314151617181920212223242526
SBA approvals in Colorado by fiscal year, FY1991 to FY2026.

Counties

Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.

#CountyApprovalsDollarsEstablishmentsPer 1,000 establishmentsBy fiscal year
1Denver County1,343$795M27,42249.0
2Arapahoe County1,173$746M20,13758.3
3El Paso County1,079$613M18,85257.2
4Jefferson County965$693M17,99953.6
5Adams County702$493M11,31962.0
6Douglas County618$376M10,56358.5
7Boulder County596$357M12,99045.9
8Larimer County572$428M11,76448.6
9Weld County446$328M7,45459.8
10Mesa County199$150M4,82741.2
11Pueblo County132$79.2M3,25040.6
12La Plata County116$49.6M2,44747.4
13Broomfield County106$57.4M2,33745.4
14Garfield County105$70.6M2,70538.8
15Summit County101$72.0M2,30643.8
16Eagle County100$67.2M3,66427.3
17Elbert County51$26.3M72270.6
18Routt County49$24.5M1,86026.3
19Montrose County47$26.2M1,50131.3
20Chaffee County41$37.6M1,07638.1
21Teller County41$31.3M82449.8
22Montezuma County40$13.0M75952.7
23Grand County40$37.6M91743.6
24Gunnison County31$20.9M1,19126.0
25Archuleta County31$15.2M57653.8
26Fremont County29$17.0M93830.9
27Morgan County27$18.6M71138.0
28Delta County25$17.6M87828.5
29Moffat County25$23.4M38964.3
30Pitkin County24$24.7M1,70814.1
31Clear Creek County24$28.7M34070.6
32Lake County19$7.2M25375.1
33Park County18$6.6M53933.4
34Alamosa County18$7.1M48637.0
35Rio Grande County10$11.8M37426.7
36Prowers County10$13.3M31232.1
37Otero County10$3.2M40324.8
38Lincoln County9$11.2M15358.8
39Rio Blanco County9$6.1M19446.4
40Logan County8$2.8M55914.3
41Saguache County8$2.8M13061.5
42San Miguel County7$3.5M69010.1
43Kit Carson County7$7.1M27525.5
44Custer County6$3.1M17035.3
45Gilpin County6$3.3M14441.7
46Conejos County4$625K12332.5
47Hinsdale County4$1.5M6660.6
48Jackson County4$2.7M6462.5
49Ouray County3$590K3219.3
50Yuma County3$1.0M3528.5
51Huerfano County3$2.0M16418.3
52Las Animas County3$3.2M3778.0
53Bent County3$1.1M5653.6
54Dolores County1—6714.9
55San Juan County1—7912.7
56Sedgwick County1—7413.5
57Cheyenne County1—5916.9
58Crowley County1—4124.4
59Costilla County1—5020.0
60Washington County1—1158.7

Industries

#Industry group (NAICS 4-digit)ApprovalsDollarsShare
1Restaurants and Other Eating PlacesNAICS 7225827$476M9.1%
2Beer, Wine, and Liquor StoresNAICS 4453369$293M4.1%
3Automotive Repair and MaintenanceNAICS 8111365$270M4.0%
4Building Equipment ContractorsNAICS 2382338$207M3.7%
5Personal Care ServicesNAICS 8121312$98.1M3.4%
6Offices of Other Health PractitionersNAICS 6213308$108M3.4%
7Other Amusement and Recreation IndustriesNAICS 7139265$154M2.9%
8Services to Buildings and DwellingsNAICS 5617256$123M2.8%
9Other Specialty Trade ContractorsNAICS 2389230$165M2.5%
10Residential Building ConstructionNAICS 2361230$84.1M2.5%
11Building Finishing ContractorsNAICS 2383209$95.7M2.3%
12Foundation, Structure, and Building Exterior ContractorsNAICS 2381197$91.8M2.2%
13Other Personal ServicesNAICS 8129180$89.9M2.0%
14Traveler AccommodationNAICS 7211178$394M2.0%
15Other Professional, Scientific, and Technical ServicesNAICS 5419175$156M1.9%

Sectors

#NAICS sectorApprovalsShare
1Construction1,35114.9%
2Retail Trade1,18413.1%
3Accommodation and Food Services1,15412.7%
4Other Services (except Public Administration)99211.0%
5Professional, Scientific, and Technical Services93310.3%
6Health Care and Social Assistance8749.6%
7Manufacturing5766.4%
8Administrative and Support and Waste Management and Remediation Services4615.1%
9Arts, Entertainment, and Recreation3273.6%
10Transportation and Warehousing2652.9%

Franchise brands

#BrandApprovalsShare
1Ziggi's Coffee270.3%
2Primrose Schools200.2%
3Hotworx180.2%
4The UPS Store150.2%
5Lash and Company150.2%
6Ace Hardware110.1%
7Big O Tires100.1%
8Christian Brothers Automotive100.1%
9Scenthound100.1%
10100% Chiropractic100.1%

How earlier loans turned out

Colorado, 7(a)5.7%
United States, 7(a)6.6%
Colorado, 5041.1%
United States, 5041.2%
Share of disbursed loans approved FY2010–FY2021 that SBA records as charged off, by program.
Loans approved FY2010–FY2021CO 7(a)US 7(a)CO 504US 504
Approvals in these years15,975639,9052,47985,591
Cancelled or never disbursed1,99979,31326112,514
Disbursed loans13,976560,5922,21873,077
Paid in full10,957435,8131,23035,491
Charged off79236,89124905
Still outstanding (status exempt from disclosure)2,22787,88896436,681
Charged off, share of disbursed loans5.7%6.6%1.1%1.2%
Dollars charged off, share of disbursed dollars1.8%2.5%0.8%0.9%
Dollars charged off$120M$5.70bn$12.4M$499M

Approval sizes

Age of the businesses

Against the country

FY2021–FY2025ColoradoUnited States
Approvals per 1,000 establishments49.641.0
Median 7(a) approval$261K$190K
Median 504 approval$612K$657K
504 share of approvals11.1%11.0%
Jobs supported per approval, as reported10.610.5
Approvals, change on FY2016–FY202012%10%

Questions and answers

Which lenders make the most SBA loans in Colorado?

By 7(a) approvals in FY2021 to FY2025: The Huntington National Bank (1,043), U.S. Bank, National Association (598), Wells Fargo Bank National Association (426), Live Oak Banking Company (379), KeyBank National Association (305). For 504 loans: B:Side Capital (687), Preferred Lending Partners (127), Mountain West Small Business Finance (101). Volume says how active a lender is, nothing about terms or service.

How large are typical SBA loans in Colorado?

The median 7(a) approval was $261K and the median 504 approval $612K; the average across both programs was $645K.

Which industries get the most SBA loans in Colorado?

Restaurants and Other Eating Places (827); Beer, Wine, and Liquor Stores (369); Automotive Repair and Maintenance (365); Building Equipment Contractors (338); Personal Care Services (312).

Which Colorado counties receive the most SBA loans?

Denver County (1,343), Arapahoe County (1,173), El Paso County (1,079), Jefferson County (965), Adams County (702), by approvals in FY2021 to FY2025.

Is SBA lending in Colorado rising?

Approvals in the three latest complete fiscal years total 5,944, against 4,417 in the three before: rising (+35%).

What share of SBA loans in Colorado are charged off?

Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 5.7% are recorded as charged off (national: 6.6%); for 504 loans the figure is 1.1% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.

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