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SBA data · Colorado
SBA lenders in Colorado
26,935 loans worth $14.50B have been approved for Colorado projects since FY2010 - the #10 state by SBA dollars, 2.9% of the national total.
State rank
#10
by dollars approved
Approved
$14.50B
FY2010 onward
Loans
26,935
Median loan
$250,000
+39% vs national
Median 7(a) rate
7.00%
Jobs supported
288,683
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in Colorado
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in CO | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | B:Side Capital | $1.73B | 2,432 | $712,343 | |
| 2 | Wells Fargo Bank | $1.06B | 3,453 | $305,838 | |
| 3 | Live Oak Banking Company | $935.5M | 753 | $1,242,367 | |
| 4 | Hanmi Bank | $504.3M | 584 | $863,485 | |
| 5 | U.S. Bank | $456.4M | 2,623 | $173,988 | |
| 6 | SouthState Bank | $405.8M | 547 | $741,910 | |
| 7 | BMO Bank | $395.1M | 562 | $703,028 | |
| 8 | Bank of Hope | $364.8M | 467 | $781,076 | |
| 9 | The Huntington National Bank | $362.6M | 1,155 | $313,932 | |
| 10 | Preferred Lending Partners | $355.5M | 377 | $942,854 | |
| 11 | KeyBank | $347.5M | 901 | $385,712 | |
| 12 | JPMorgan Chase Bank | $321.4M | 1,424 | $225,699 |
An SBA 7(a) lender for loans this size
58% of the SBA loans approved in Colorado since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
By sector in Colorado
- Restaurants & Hotels3,312 · $2.50B
- Health Care2,552 · $1.72B
- Retail2,605 · $1.56B
- Construction3,562 · $1.50B
- Other Services2,721 · $1.32B
- Professional Services3,116 · $1.28B
- Real Estate792 · $527.6M
- Arts & Recreation919 · $520.5M
- Wholesale935 · $499.8M
- Administrative & Waste1,240 · $477.5M
- Manufacturing575 · $331.5M
- Finance & Insurance488 · $226.9M
- Transportation610 · $222.2M
- Education408 · $152.4M
- Information291 · $127.7M
- Mining & Energy102 · $71.8M
- Agriculture117 · $58.0M
- Management30 · $32.8M
- Utilities27 · $8.0M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in Colorado. The final bar is a partial fiscal year.
Loan sizes in Colorado
- Under $50K19%
- $50K - $150K16%
- $150K - $350K22%
- $350K - $1M26%
- $1M - $2M10%
- Over $2M6%
SBA lending in Colorado: common questions
- How many SBA loans are approved in Colorado?
- 26,935 SBA 7(a) and 504 loans totalling $14,504,342,490 have been approved for projects in Colorado since fiscal year 2010, ranking it #10 among states and territories by dollars approved - 2.9% of all SBA lending nationally.
- Which lenders make the most SBA loans in Colorado?
- By dollars approved in Colorado, the most active lenders are B:Side Capital, Wells Fargo Bank, Live Oak Banking Company, Hanmi Bank, U.S. Bank. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in Colorado?
- The median gross approval in Colorado is $250,000, 39% above the national median of $180,000. Half of all loans in the state fall between $20,000 and $1,420,000.
- Do I need to use a lender based in Colorado?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in Colorado, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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