FY20241 Oct 2023 – 30 Sep 2024
SBA loans in Colorado, FY2024
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 FY2024 (1 October 2023 to 30 September 2024) SBA approved 1,953 loans in Colorado: 1,797 under 7(a) and 156 under 504, worth $1.10bn.
That is up 23% on FY2023, when there were 1,583 approvals worth $994M.
Colorado accounted for 2.6% of the 76,235 approvals nationwide that year. 147 lenders had at least one approval in the state; The Huntington National Bank had the most, 307.
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 FY2024, of 147 active.
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2023 | Change |
|---|---|---|---|---|---|---|
| 1 | Arapahoe County | 288 | $149M | 14.7% | 215 | +73 |
| 2 | Denver County | 282 | $146M | 14.4% | 240 | +42 |
| 3 | El Paso County | 247 | $125M | 12.6% | 220 | +27 |
| 4 | Jefferson County | 188 | $131M | 9.6% | 181 | +7 |
| 5 | Adams County | 159 | $104M | 8.1% | 115 | +44 |
| 6 | Boulder County | 137 | $59.0M | 7.0% | 96 | +41 |
| 7 | Douglas County | 132 | $77.2M | 6.8% | 110 | +22 |
| 8 | Larimer County | 111 | $69.2M | 5.7% | 111 | 0 |
| 9 | Weld County | 106 | $65.4M | 5.4% | 78 | +28 |
| 10 | Mesa County | 51 | $30.0M | 2.6% | 30 | +21 |
| 11 | Pueblo County | 26 | $9.2M | 1.3% | 17 | +9 |
| 12 | Eagle County | 23 | $12.5M | 1.2% | 12 | +11 |
| 13 | Broomfield County | 21 | $8.2M | 1.1% | 10 | +11 |
| 14 | La Plata County | 15 | $9.5M | 0.8% | 6 | +9 |
| 15 | Summit County | 15 | $7.6M | 0.8% | 24 | -9 |
| 16 | Elbert County | 15 | $4.6M | 0.8% | 5 | +10 |
| 17 | Garfield County | 13 | $6.6M | 0.7% | 13 | 0 |
| 18 | Routt County | 12 | $8.5M | 0.6% | 2 | +10 |
| 19 | Grand County | 11 | $9.3M | 0.6% | 7 | +4 |
| 20 | Fremont County | 10 | $4.2M | 0.5% | 6 | +4 |
| 21 | Montrose County | 8 | $6.4M | 0.4% | 5 | +3 |
| 22 | Delta County | 7 | $8.8M | 0.4% | 2 | +5 |
| 23 | Chaffee County | 7 | $4.4M | 0.4% | 8 | -1 |
| 24 | Montezuma County | 6 | $2.0M | 0.3% | 4 | +2 |
| 25 | Gunnison County | 5 | $3.2M | 0.3% | 5 | 0 |
| 26 | Clear Creek County | 5 | $6.4M | 0.3% | 4 | +1 |
| 27 | Teller County | 5 | $2.1M | 0.3% | 7 | -2 |
| 28 | Prowers County | 4 | $7.1M | 0.2% | 3 | +1 |
| 29 | Archuleta County | 4 | $1.1M | 0.2% | 6 | -2 |
| 30 | Pitkin County | 3 | $1.6M | 0.2% | 2 | +1 |
| 31 | Morgan County | 3 | $525K | 0.2% | 5 | -2 |
| 32 | Park County | 3 | $646K | 0.2% | 8 | -5 |
| 33 | Moffat County | 3 | $5.4M | 0.2% | 2 | +1 |
| 34 | Alamosa County | 3 | $1.0M | 0.2% | 2 | +1 |
| 35 | Lake County | 3 | $576K | 0.2% | 4 | -1 |
| 36 | Otero County | 3 | $276K | 0.2% | 4 | -1 |
| 37 | Custer County | 2 | — | 0.1% | 1 | +1 |
| 38 | Jackson County | 2 | — | 0.1% | 0 | new |
| 39 | Rio Blanco County | 2 | — | 0.1% | 2 | 0 |
| 40 | San Miguel County | 1 | — | 0.1% | 0 | new |
The 40 counties with the most approvals; every county is on the Colorado page.
FY2024 against FY2023
| Colorado | FY2024 | FY2023 |
|---|---|---|
| 7(a) approvals | 1,797 | 1,439 |
| 7(a) dollars | $936M | $856M |
| Median 7(a) approval | $200K | $250K |
| 504 approvals | 156 | 144 |
| 504 dollars | $164M | $138M |
| Jobs supported, as reported | 19,069 | 18,031 |
Questions and answers
Which lenders made the most SBA loans in Colorado in FY2024?
The Huntington National Bank (307), U.S. Bank, National Association (149), Wells Fargo Bank National Association (103), Newtek Bank, National Association (92), B:Side Capital (89). 147 lenders had at least one approval.
How many SBA loans were approved in Colorado in FY2024?
1,953: 1,797 under 7(a) worth $936M and 156 under 504 worth $164M.
Which Colorado counties had the most SBA approvals in FY2024?
Arapahoe County (288), Denver County (282), El Paso County (247), Jefferson County (188), Adams County (159).
When does FY2024 start and end?
The federal fiscal year 2024 runs from 1 October 2023 to 30 September 2024.
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