Top SBA Lenders – SBA Loans Colorado

Last annual update: Feb 17, 2022

 

 

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Most active SBA lenders in Colorado

CO RankColorado BankBank HQs# of CO LoansAvg InterestAvg Colorado Loan
1U.S. BankCincinnati, OH1406.3%$182,174
2Wells FargoSioux Falls, SD1047.3%$237,440
3Live OakWilmington, NC845.2%$1,514,298
4KeyBankCleveland, OH675.6%$383,503
5United Midwest Savings BankDe Graff, OH665.9%$230,139
6Hanmi BankLos Angeles, CA665.1%$979,212
7Independent BankMckinney, TX474.5%$1,122,615
8The Huntington National BankColumbus, OH445.6%$355,436
9Bank of the WestSan Francisco, CA435.0%$691,214
10Community Banks of ColoradoGreenwood Village, CO384.1%$786,053
11Newtek Small Business FinanceLake Success, NY366.0%$567,603
12BOKFTulsa, OK354.2%$1,059,449
13Sunflower BankDenver, CO334.1%$844,479
14Midwest Regional BankFestus, MO276.0%$913,659
15Farmers & Stockmens BankClayton, NM274.7%$1,181,036

Here are the top 50 industries in Colorado (based on small business loan volume from last year) so you can get a sense of what you may expect for your business in terms of interest rate:

RankColorado Small Business Description# of LoansAvg LoanAvg Rate
1Hotels (except Casino Hotels) and Motels261$1,673,2185.6%
2Beer, Wine, and Liquor Stores610$516,1856.0%
3Full-Service Restaurants574$462,5246.5%
4Offices of Dentists321$806,8685.9%
5Child Day Care Services134$1,183,0235.9%
6Veterinary Services179$880,1895.7%
7Limited-Service Restaurants337$378,4206.5%
8General Automotive Repair246$480,5646.3%
9Lessors of Nonresidential Buildings (except Miniwarehouses)118$885,8285.7%
10Fitness and Recreational Sports Centers235$438,2726.8%
11Plumbing, Heating, and Air-Conditioning Contractors217$374,3096.8%
12Gasoline Stations with Convenience Stores88$913,0185.8%
13Car Washes73$995,8556.2%
14Offices of Physicians (except Mental Health Specialists)143$508,0416.3%
15All Other Specialty Trade Contractors238$297,4397.0%
16Breweries143$418,5976.3%
17Automotive Body, Paint, and Interior Repair and Maintenance91$635,9266.3%
18All Other Amusement and Recreation Industries79$648,4666.7%
19Investment Advice66$773,5016.5%
20Offices of Lawyers163$287,0436.7%
21Engineering Services112$377,4686.8%
22Landscaping Services196$211,6167.0%
23Roofing Contractors113$357,2196.9%
24Beauty Salons162$246,2977.0%
25Electrical Contractors147$268,4527.3%
26All Other Professional, Scientific, and Technical Services111$354,1416.3%
27Lessors of Miniwarehouses and Self-Storage Units25$1,567,4526.1%
28Homes for the Elderly33$1,127,7856.3%
29Insurance Agencies and Brokerages125$294,1546.8%
30Drinking Places (Alcoholic Beverages)99$364,6666.7%
31All Other Miscellaneous Manufacturing45$794,4846.3%
32Offices of Chiropractors163$210,5616.8%
33Machine Shops39$851,2266.4%
34Other Computer Related Services84$377,4296.6%
35Sporting Goods Stores113$279,7296.7%
36Other Personal Care Services109$275,5547.0%
37Custom Computer Programming Services89$332,1857.3%
38Offices of Optometrists48$609,6526.2%
39Funeral Homes and Funeral Services28$1,002,4935.9%
40Snack and Nonalcoholic Beverage Bars117$236,4767.1%
41Site Preparation Contractors76$363,4177.0%
42Home Health Care Services69$392,0966.8%
43Offices of Certified Public Accountants99$272,3146.2%
44Pet Care (except Veterinary) Services75$353,0037.0%
45Automotive Oil Change and Lubrication Shops22$1,180,3416.4%
46Used Car Dealers59$433,3426.9%
47Hardware Stores33$752,0585.7%
48Supermarkets and Other Grocery (except Convenience) Stores36$669,9866.8%
49All Other Miscellaneous Store Retailers (except Tobacco Stores)85$282,1516.6%
50General Freight Trucking, Local88$270,7177.4%

SBA loans – Colorado

A note about these Colorado SBA lenders – People frequently ask us if one of the banks above is 1) on the Colorado preferred lender list 2) an approved lender in Colorado, or 3) participating in the Colorado SBA Express lending program. All these questions revolve around whether a given SBA bank makes small business SBA loans in Colorado and can they process SBA loans quickly. The answer is yes, of course. These are not the small banks that only make a few SBA loans a year and do not understand the SBA 7(a) loan program. These are the banks that have made the most SBA loans in Colorado. We analyze thousands of SBA loans each year and rank lenders based on recent activity. We provide business loan activity for borrowers by state, as well as the major Colorado markets of Aurora, Colorado Springs, and Denver.

We would be remiss if we did not mention that although many banks will only lend in certain geographies, there are a handful of extremely aggressive nationwide SBA lenders who will lend anywhere. These lenders understand the SBA program as well as anyone and move very quickly, so we recommend not limiting your search to your home state. If you utilize our lender match tool, we can find you suitable SBA banks based on your geography, industry, and company and size at no cost or obligation to you to save you valuable time.

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