FY20231 Oct 2022 – 30 Sep 2023
SBA loans in Colorado, FY2023
That fiscal year's approvals by lender and by county.
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.
In FY2023 (1 October 2022 to 30 September 2023) SBA approved 1,583 loans in Colorado: 1,439 under 7(a) and 144 under 504, worth $994M.
That is up 16% on FY2022, when there were 1,361 approvals worth $987M.
Colorado accounted for 2.5% of the 63,286 approvals nationwide that year. 148 lenders had at least one approval in the state; The Huntington National Bank had the most, 251.
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.
Approvals by lender
The 40 lenders with the most approvals to Colorado businesses in FY2023, of 148 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2022 | Change |
|---|---|---|---|---|---|---|
| 1 | Denver County | 240 | $126M | 15.2% | 194 | +46 |
| 2 | El Paso County | 220 | $116M | 13.9% | 156 | +64 |
| 3 | Arapahoe County | 215 | $123M | 13.6% | 159 | +56 |
| 4 | Jefferson County | 181 | $141M | 11.4% | 154 | +27 |
| 5 | Adams County | 115 | $80.1M | 7.3% | 106 | +9 |
| 6 | Larimer County | 111 | $83.2M | 7.0% | 85 | +26 |
| 7 | Douglas County | 110 | $51.0M | 6.9% | 74 | +36 |
| 8 | Boulder County | 96 | $52.0M | 6.1% | 93 | +3 |
| 9 | Weld County | 78 | $58.1M | 4.9% | 72 | +6 |
| 10 | Mesa County | 30 | $29.1M | 1.9% | 28 | +2 |
| 11 | Summit County | 24 | $22.7M | 1.5% | 15 | +9 |
| 12 | Pueblo County | 17 | $10.9M | 1.1% | 20 | -3 |
| 13 | Garfield County | 13 | $4.5M | 0.8% | 29 | -16 |
| 14 | Eagle County | 12 | $6.1M | 0.8% | 14 | -2 |
| 15 | Broomfield County | 10 | $7.5M | 0.6% | 26 | -16 |
| 16 | Chaffee County | 8 | $3.5M | 0.5% | 12 | -4 |
| 17 | Park County | 8 | $2.2M | 0.5% | 3 | +5 |
| 18 | Teller County | 7 | $6.6M | 0.4% | 8 | -1 |
| 19 | Grand County | 7 | $6.7M | 0.4% | 5 | +2 |
| 20 | La Plata County | 6 | $1.7M | 0.4% | 22 | -16 |
| 21 | Fremont County | 6 | $6.7M | 0.4% | 6 | 0 |
| 22 | Archuleta County | 6 | $2.1M | 0.4% | 7 | -1 |
| 23 | Montrose County | 5 | $2.8M | 0.3% | 8 | -3 |
| 24 | Gunnison County | 5 | $7.1M | 0.3% | 0 | new |
| 25 | Morgan County | 5 | $6.8M | 0.3% | 8 | -3 |
| 26 | Elbert County | 5 | $4.1M | 0.3% | 7 | -2 |
| 27 | Clear Creek County | 4 | $5.2M | 0.3% | 5 | -1 |
| 28 | Montezuma County | 4 | $1.6M | 0.3% | 5 | -1 |
| 29 | Lake County | 4 | $2.0M | 0.3% | 2 | +2 |
| 30 | Otero County | 4 | $2.1M | 0.3% | 1 | +3 |
| 31 | Prowers County | 3 | $3.3M | 0.2% | 2 | +1 |
| 32 | Gilpin County | 3 | $2.9M | 0.2% | 1 | +2 |
| 33 | Pitkin County | 2 | — | 0.1% | 4 | -2 |
| 34 | Delta County | 2 | — | 0.1% | 4 | -2 |
| 35 | Routt County | 2 | — | 0.1% | 9 | -7 |
| 36 | Ouray County | 2 | — | 0.1% | 0 | new |
| 37 | Moffat County | 2 | — | 0.1% | 3 | -1 |
| 38 | Alamosa County | 2 | — | 0.1% | 2 | 0 |
| 39 | Rio Blanco County | 2 | — | 0.1% | 1 | +1 |
| 40 | Rio Grande County | 1 | — | 0.1% | 4 | -3 |
The 40 counties with the most approvals; every county is on the Colorado page.
FY2023 against FY2022
| Colorado | FY2023 | FY2022 |
|---|---|---|
| 7(a) approvals | 1,439 | 1,128 |
| 7(a) dollars | $856M | $770M |
| Median 7(a) approval | $250K | $330K |
| 504 approvals | 144 | 233 |
| 504 dollars | $138M | $217M |
| Jobs supported, as reported | 18,031 | 14,662 |
Questions and answers
Which lenders made the most SBA loans in Colorado in FY2023?
The Huntington National Bank (251), U.S. Bank, National Association (121), B:Side Capital (92), Wells Fargo Bank National Association (77), KeyBank National Association (66). 148 lenders had at least one approval.
How many SBA loans were approved in Colorado in FY2023?
1,583: 1,439 under 7(a) worth $856M and 144 under 504 worth $138M.
Which Colorado counties had the most SBA approvals in FY2023?
Denver County (240), El Paso County (220), Arapahoe County (215), Jefferson County (181), Adams County (115).
When does FY2023 start and end?
The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.
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