Top SBA Lenders in Colorado

Entrepreneurs and small business owners in Colorado have a diverse range of options when it comes to securing Small Business Administration (SBA) loans. The following top 10 lenders play a crucial role in supporting businesses across the state, each bringing its unique strengths and characteristics to the table:

Colorado Preferred SBA Lenders

RankBankBank HQ# of Loans Avg Loan Avg Interest
1U.S. BankCincinnati, OH132 $108,570 7.5%
2The Huntington National BankColumbus, OH95 $223,220 7.5%
3Live OakWilmington, NC69 $1,290,107 6.5%
4KeyBankCleveland, OH57 $114,837 7.8%
5Wells FargoSioux Falls, SD57 $293,689 8.7%
6Hanmi BankLos Angeles, CA43 $1,200,826 6.3%
7CrossFirst BankLeawood, KS39 $958,546 6.6%
8Newtek Small Business FinanceLake Success, NY32 $600,759 7.5%
9BayFirst National BankSaint Petersburg, FL31 $157,713 8.5%
10Independent BankMckinney, TX29 $1,193,724 5.7%
11BancorpSouth BankTupelo, MS25 $278,052 7.4%
12BMO Harris BankChicago, IL25 $632,720 6.7%
13American Bank of CommerceWolfforth, TX23 $382,222 6.6%
14Readycap Lending, LLCBerkeley Heights, NJ23 $692,648 8.0%
15Community Banks of ColoradoGreenwood Village, CO22 $1,595,223 5.7%
16Byline BankChicago, IL21 $1,308,000 7.1%
17JPMorgan Chase BankColumbus, OH19 $289,947 6.9%
18Zions BankSalt Lake City, UT18 $628,700 6.4%
19First Southwest BankAlamosa, CO16 $423,713 5.5%
20First National Bank of OmahaOmaha, NE14 $419,150 6.0%
21United Midwest Savings BankDe Graff, OH14 $210,714 7.4%
22Bank of HopeLos Angeles, CA12 $1,195,667 5.8%
23Celtic BankSalt Lake City, UT12 $484,950 8.0%
24Sunflower BankDenver, CO10 $1,279,560 6.2%
25The Bancorp BankSioux Falls, SD10 $1,329,160 6.7%
26Umpqua BankRoseburg, OR10 $946,280 7.2%
27FMS BankFort Morgan, CO9 $666,378 5.7%
28BOKFTulsa, OK8 $750,875 6.6%
29Pacific Western BankBeverly Hills, CA8 $1,231,250 4.7%
30PCB BankLos Angeles, CA8 $1,785,500 6.3%
31VelocitySBACosta Mesa, CA8 $688,800 7.7%
32Evolve Bank and TrustWest Memphis, AR7 $1,112,214 6.7%
33InBankRaton, NM7 $1,159,386 7.3%
34Open BankLos Angeles, CA7 $2,749,143 5.9%
35Enterprise Bank & TrustClayton, MO6 $900,350 6.9%
36Five Star BankRancho Cordova, CA6 $341,667 8.0%
37Gulf Coast Bank and TrustNew Orleans, LA6 $527,833 6.8%
38IncredibleBankWausau, WI6 $2,016,333 7.0%
39Midwest Regional BankFestus, MO6 $1,244,833 7.4%
40MVB BankFairmont, WV6 $1,789,633 7.7%

1. U.S. Bank

U.S. Bank, a national player based in Cincinnati, Ohio, leads the pack with 88 loans. Offering an average loan amount of $150,455 at a competitive 6.7% interest rate, U.S. Bank provides Colorado businesses with the advantage of a robust national presence and substantial lending support.

2. Wells Fargo

Wells Fargo, headquartered in Sioux Falls, South Dakota, is a well-established national player. With 77 loans, the bank offers an average loan amount of $218,334 at a 9.0% interest rate. While providing a broad spectrum of financial services, businesses in Colorado should consider the relatively higher interest rates.

3. Live Oak

Live Oak, based in Wilmington, North Carolina, stands out with a focus on larger loan amounts. Facilitating 37 loans, Live Oak provides an average loan of $1,422,297 at a competitive 6.6% interest rate. Colorado businesses seeking substantial financial backing for growth and expansion may find Live Oak to be a strategic partner.

4. Celtic Bank

Celtic Bank, located in Salt Lake City, Utah, specializes in mid-sized loans. With 32 loans, the bank offers an average loan of $880,353 at a 7.4% interest rate. Colorado businesses looking for a lender with a focus on mid-sized financing and competitive terms may find Celtic Bank to be a strategic partner.

5. Newtek Small Business Finance

Newtek Small Business Finance, headquartered in Lake Success, New York, secures the fifth position. With 29 loans, the lender offers an average loan amount of $549,879 at an 8.2% interest rate. Newtek Small Business Finance caters to businesses in Colorado seeking diverse financial services and substantial funding.

6. BayFirst National Bank

BayFirst National Bank, located in Saint Petersburg, Florida, distinguishes itself with a regional focus. Facilitating 27 loans, the bank offers an average loan amount of $291,685 at an 8.3% interest rate. Colorado businesses seeking localized support with competitive financing terms may find BayFirst National Bank to be an ideal partner.

7. The Huntington National Bank

The Huntington National Bank, based in Columbus, Ohio, is a national player with a presence in Colorado. With 27 loans, the bank provides an average loan amount of $382,744 at an 8.0% interest rate. The Huntington National Bank offers businesses in Colorado a mix of national backing and substantial lending support.

8. JPMorgan Chase Bank

JPMorgan Chase Bank, headquartered in Columbus, Ohio, takes the eighth position. With 26 loans, the bank offers an average loan amount of $189,238 at a 7.1% interest rate. Colorado businesses may find JPMorgan Chase Bank to be a strategic choice for a combination of regional and national support.

9. United Midwest Savings Bank

United Midwest Savings Bank, located in De Graff, Ohio, is a regional player with a focus on the Midwest. Facilitating 26 loans, the bank offers an average loan amount of $276,692 at a 7.2% interest rate. Colorado businesses seeking regional support with competitive financing terms may find United Midwest Savings Bank to be an attractive option.

10. MidFirst Bank

MidFirst Bank, headquartered in Oklahoma City, Oklahoma, closes the top 10 SBA lenders in Colorado. With 25 loans, the bank offers an average loan amount of $1,341,756 at a 6.9% interest rate. Businesses in Colorado looking for substantial financial support may find MidFirst Bank to be a strategic partner.

In conclusion, Colorado businesses have a robust selection of SBA lenders, each offering unique advantages. Whether seeking local community support, substantial national backing, or a mix of both, these top 10 lenders cater to the diverse financial needs of businesses in the Centennial State.

Top Industries for SBA loans in Colorado

RankIndustry# of Loans Avg Loan Avg Interest
1Full-Service Restaurants47 $772,868 6.9%
2Residential Remodelers33 $246,930 7.5%
3Limited-Service Restaurants32 $598,744 6.6%
4Hotels (except Casino Hotels) and Motels29 $2,702,034 5.9%
5All Other Specialty Trade Contractors28 $492,946 7.3%
6Offices of Dentists26 $1,573,738 6.1%
7General Automotive Repair25 $824,140 7.3%
8Offices of Chiropractors24 $252,308 6.9%
9Beer, Wine, and Liquor Stores23 $832,065 6.0%
10Other Personal Care Services23 $380,678 7.6%
11Electrical Contractors17 $420,941 7.3%
12General Freight Trucking, Local17 $859,482 6.7%
13Plumbing, Heating, and Air-Conditioning Contractors17 $531,947 7.6%
14Beauty Salons16 $195,688 7.8%
15Fitness and Recreational Sports Centers15 $557,127 6.7%
16Landscaping Services13 $364,846 6.8%
17Lessors of Nonresidential Buildings (except Miniwarehouses)12 $1,533,375 5.7%
18Drywall and Insulation Contractors11 $400,073 7.7%
19Child Day Care Services11 $1,516,300 7.1%
20Snack and Nonalcoholic Beverage Bars11 $264,345 7.6%
21Insurance Agencies and Brokerages11 $351,927 6.8%
22All Other Personal Services11 $545,764 7.9%
23Offices of All Other Miscellaneous Health Practitioners10 $305,770 8.0%
24All Other Professional, Scientific, and Technical Services10 $820,890 7.5%
25Offices of Physicians (except Mental Health Specialists)9 $502,744 7.0%
26Drinking Places (Alcoholic Beverages)9 $769,956 7.2%
27Painting and Wall Covering Contractors9 $185,722 8.4%
28Engineering Services9 $341,533 7.8%
29Car Washes9 $1,194,578 6.3%
30Offices of Certified Public Accountants9 $507,289 7.1%
31Commercial and Institutional Building Construction9 $237,722 7.4%
32Poured Concrete Foundation and Structure Contractors9 $150,644 8.5%
33Data Processing, Hosting, and Related Services9 $602,889 7.1%
34Janitorial Services8 $372,613 6.7%
35Pet Care (except Veterinary) Services8 $654,225 8.2%
36General Freight Trucking, Long Distance, Truckload8 $70,400 8.2%
37Home Health Care Services8 $297,013 7.7%
38Carpet and Upholstery Cleaning Services7 $683,214 7.1%
39New Single-Family Housing Construction (except Operative Builders)7 $303,714 7.3%
40Offices of Real Estate Agents and Brokers7 $183,257 8.0%

Top SBA Loan Franchises in Colorado

RankFranchiseName# of Loans Avg Loan Avg Interest
1Christian Brothers Automotive6 $548,583 5.4%
2100% Chiropractic6 $220,500 7.3%
3Mathnasium Learning Centers4 $10,500 8.4%
4Koala Insulation3 $214,833 7.6%
5The Joint…The Chiropractic P3 $521,000 4.8%
6Open and Affordable Dental and3 $1,870,000 7.7%
7Rodeway Inn3 $2,753,000 6.8%
8Anodyne Pain & Wellness Soluti2 $33,000 9.0%
9College Hunks Hauling Junk2 $110,000 9.0%
10EverLine Coatings and Services2 $135,750 6.8%
11Padgett Business Services2 $415,000 4.8%
12NHance2 $193,150 9.0%
13Lash and Company2 $68,400 5.5%
14The NOW Massage2 $349,000 5.9%
15Ellie Mental Health2 $172,000 8.3%
161-800-PLUMBER2 $150,000 9.8%
17Prime IV Hydration & Wellness2 $174,500 8.3%
18Ziggi’s Coffee2 $340,500 6.5%
19FirstLight HomeCare2 $1,412,500 5.5%
20SunPower2 $410,000 6.3%
21PrimoHoagies2 $471,200 5.5%
22Floor Coverings International2 $148,100 5.5%
23Dryer Vent Wizard2 $150,000 7.5%
24iFoam2 $376,500 8.8%
25Hotworx2 $410,100 6.6%
26Stretch Lab2 $287,500 5.5%
27One You Love Homecare2 $150,000 9.0%
28Domino’s2 $370,500 6.8%
29Days Inn2 $3,147,500 6.0%
30The Grounds Guys2 $150,000 6.0%
31Super 82 $2,660,000 5.0%
32Strickland Brothers 10 Minute2 $399,500 7.8%
33Corporate Cleaning Group2 $450,000 6.0%
34B.O.R. Restoration2 $135,000 7.5%

Top Colorado SBA Loan Borrowers by Jobs Supported

RankBusinessLocationIndustry Loan Size Interest Rate Jobs
1MI PUEBLO LATIN MARKET INC.Aurora, COSupermarkets and Other Grocery (except Convenience) Stores $2.5M – $5M 8.0%295
2FIRSTLIGHT HOME CARE OF GREATELittleton, COServices for the Elderly and Persons with Disabilities $1M – $2.5M 5.5%217
3BAY AREA BUILDERS INC.Littleton, COCommercial and Institutional Building Construction $1M – $2.5M 8.3%162
4COAL SEAM DISTRIBUTING LLCNew Castle, COOther Grocery and Related Products Merchant Wholesalers $250K – $500K 5.5%143
5JRE LLCCastle Rock, COLimited-Service Restaurants $250K – $500K 6.0%130
6LILY’S TOASTER GRILLS LLCDenver, COFrozen Specialty Food Manufacturing $2.5M – $5M 6.0%128
7BENCHMARK ELECTRICAL SOLUTIONSWindsor, COElectrical Contractors $1M – $2.5M 6.5%110
8SWABB CO. II LLCAult, COSupport Activities for Oil and Gas Operations $1M – $2.5M 5.0%107
9#1 VOYAGER HOME HEALTH CAREColorado Springs, COHome Health Care Services $250K – $500K 9.8%104
10MANAGEMENT & TRAINING RESOURCEDenver, COProfessional and Management Development Training $1M – $2.5M 5.3%104
11SUMMIT HOME SERVICES LLCSilverthorne, COAll Other Specialty Trade Contractors $250K or less 7.5%100
12ALWAYS BEST CARELakewood, COServices for the Elderly and Persons with Disabilities $1M – $2.5M 5.5%90
13TMAAT DENVER METRO LLCThornton, COGeneral Freight Trucking, Local $1M – $2.5M 3.7%90
14PEAK HOME CARE INC.Denver, COHome Health Care Services $250K or less 5.3%86
15CAC CO ACQUISITION LLCIdaho Springs, COAll Other Amusement and Recreation Industries $2.5M – $5M 4.3%85
16GLOBAL INTERSECTIONS INC.Aurora, COOther Individual and Family Services $250K – $500K 9.8%83
17CENTRAL STATES ROOFING & INSULColorado Springs, CORoofing Contractors $2.5M – $5M 5.8%78
18THE ROOST LTDLongmont, COFull-Service Restaurants $500K – $1M 8.5%75
19THE PATCH IN ELIZABETH LLCKiowa, COAll Other Amusement and Recreation Industries $1M – $2.5M 7.8%75
20NATIONAL PAVEMENT PARTNERS LLCDenver, COHighway, Street, and Bridge Construction $1M – $2.5M 8.3%75
21DENVENTURES INC.Wheat Ridge, CO $250K – $500K 8.0%74
22C&C BOOMTOWN LLCFort Collins, COLimited-Service Restaurants $500K – $1M 6.8%73
23279 BEACON LITE LLCMonument, COGeneral Automotive Repair $1M – $2.5M 4.5%73
24SLOCO LLCLakewood, COPlumbing, Heating, and Air-Conditioning Contractors $1M – $2.5M 7.8%70
25COLORADO SPRINGS PSYCHOLOGICALColorado Springs, COOffices of Physicians, Mental Health Specialists $1M – $2.5M 7.5%66
26TOMAR RESTAURANT DEVELOPMENT LAurora, COCafeterias, Grill Buffets, and Buffets $2.5M – $5M 7.5%64
27131 N TEJON LLCColorado Spring, COFull-Service Restaurants $500K – $1M 5.0%60
28TASK RETRIEVERDenver, COPet Care (except Veterinary) Services $1M – $2.5M 7.4%60
29COVALENT FACILITY MANAGEMENTAurora, COAll Other Professional, Scientific, and Technical Services $1M – $2.5M 5.5%60
30CHOICE RE HOLDINGS LLCDenver, COElectrical Contractors $1M – $2.5M 5.5%58
31FLAGSTAFF HOUSE INC.Boulder, COFull-Service Restaurants $1M – $2.5M 9.0%57
32801 FISH DEN DT LLCDenver, COFull-Service Restaurants $2.5M – $5M 8.3%55
33AR THE YARD MILKSHAKE BAR DENVDenver, COSnack and Nonalcoholic Beverage Bars $250K – $500K 9.8%54
34WELSH ELECTRIC INC.Denver, COElectrical Contractors $250K – $500K 9.0%53
35NOCO CHICK GREELEY LLCGreeley, COFull-Service Restaurants $500K – $1M 7.0%52
36BRONSON TRUCKING INC.Aurora, COGeneral Freight Trucking, Local $1M – $2.5M 8.3%51
37NBD INC. (A FRANCHISEE)Thornton, COFull-Service Restaurants $500K – $1M 8.0%50
38TSW FOOD MANAGEMENT LLCLittleton, COFull-Service Restaurants $1M – $2.5M 6.3%50
39STUDIO PBA INC.Denver, CODrafting Services $1M – $2.5M 8.3%50
40IMMACULATE GLASS LLCArvada, COOther Personal and Household Goods Repair and Maintenance $250K – $500K 5.3%48
41PALACE INNKEEPERS LTDLamar, COHotels (except Casino Hotels) and Motels $1M – $2.5M 7.6%47
42PIGLER AUTOMATION LLCLongmont, COCustom Computer Programming Services $500K – $1M 6.4%46
43SHAW COMPANY LLCWestminster, COAll Other Amusement and Recreation Industries $1M – $2.5M 4.3%46
44REVERIE BREWING COMPANY LLCDenver, COBreweries $1M – $2.5M 6.0%45
45SALUS PETER & KORAH LLCDenver, COChild Day Care Services $2.5M – $5M 6.0%45
46QB1 FAMILY INC.Fort Morgan, COSnack and Nonalcoholic Beverage Bars $250K – $500K 7.8%44
47FERRIS WHEEL LLCBoulder, COFlorists $500K – $1M 5.5%44
48L&M HOLDINGS INC.Colorado Springs, COAll Other Specialty Trade Contractors $1M – $2.5M 6.0%44
49AB HOLDING LLCArvada, COCarpet and Upholstery Cleaning Services $1M – $2.5M 5.6%44
50ROK ENTERPRISE LLCWinter Park, COLimited-Service Restaurants $250K – $500K 6.8%42
51ENERGY TRANSITION PARTNERS INBoulder, COElectrical Contractors $250K – $500K 6.3%42
52STATION DENTAL GROUP PCArvada, COOffices of Dentists $500K – $1M 5.3%42
53REVNEW OPS LLCBoulder, COTelemarketing Bureaus $1M – $2.5M 8.3%42
54DAFFY APPLE CORP.Denver, COAll Other Miscellaneous Food Manufacturing $1M – $2.5M 5.8%42
55Z MXRDenver, COPharmaceutical Preparation Manufacturing $2.5M – $5M 6.3%42
56COLORADO HOMES & FORECLOSURE IGreenwood Village, COOffices of Real Estate Agents and Brokers $250K or less 10.0%40
57BLUEPRINT MANUFACTURING INCDenver, COMachine Shops $1M – $2.5M 8.3%40
58TRIPLE NINE LLCDenver, CODrinking Places (Alcoholic Beverages) $250K – $500K 7.2%38
59DOWNS LLCManitou Springs, COFull-Service Restaurants $250K – $500K 9.0%38
60MBS FAMILY ENTERPRISES INC.Canon City, CO $500K – $1M 6.3%38
61SOCORRO SPRINGS BREWING CO.Buena Vista, COBreweries $2.5M – $5M 6.3%37
62THE BERG HAUSCastle Pines, COFull-Service Restaurants $250K or less 8.3%36
63SF INDUSTRIES LLCAvon, COResidential Remodelers $500K – $1M 7.9%36
64NINE POINT EIGHT CAPITAL LLCSedalia, COWater and Sewer Line and Related Structures Construction $500K – $1M 6.4%36
65TRIBBLE STONE HOLDINGS LLCBoulder, COCut Stone and Stone Product Manufacturing $1M – $2.5M 6.0%36
66HIGH COUNTRY KONCRETE LLCColorado Springs, COAll Other Specialty Trade Contractors $500K – $1M 9.8%35
67BEELER LAND LLCDenver, COLimited-Service Restaurants $2.5M – $5M 4.8%35
68TIMELINE SERVICES HOLDINGS LLBroomfield, COFraming Contractors $2.5M – $5M 8.3%35
69HOLM COOKIN’ LLCFort Collins, COFull-Service Restaurants $250K or less 9.5%34
70TIGER & BOLT HEALTH LLCGreenwood Village, COOutpatient Mental Health and Substance Abuse Centers $250K or less 8.3%34
71STILLWAUGH INC.Westminster, COHome Centers $250K – $500K 6.0%34
72DALMATIAN FIRE EQUIPMENT LLCEaton, COService Establishment Equipment and Supplies Merchant Wholesalers $500K – $1M 8.3%34
73SHILLCUTT GROUP INC.Silverthorne, COFull-Service Restaurants $1M – $2.5M 5.8%34
74ALERT TRAFFIC CONTROL INC.Bayfield, COAll Other Support Services $1M – $2.5M 6.0%33
75FORTE CLEANING SERVICES LLCThornton, COJanitorial Services $250K or less 7.5%32
76ELITE AUTO SALON INCColorado Springs, COOther Business Service Centers (including Copy Shops) $250K or less 5.3%32
77SALVADOR LLCElizabeth, COFull-Service Restaurants $250K – $500K 6.0%32
78FIREHOUSE SUBSColorado Springs, COLimited-Service Restaurants $250K – $500K 9.0%32
79COLORADO POOLS AND SPAS INCEnglewood, COAll Other Specialty Trade Contractors $500K – $1M 6.3%32
80ROW HOSPITALITY LLCColorado Springs, COFull-Service Restaurants $500K – $1M 7.5%32
81PHCGRC HOLDINGS LLCEnglewood, CONew Single-Family Housing Construction (except Operative Builders) $1M – $2.5M 7.0%32
82TWENTYHANDS LLCGreenwood Village, COOther Personal Care Services $250K – $500K 6.0%31
83VEILSUN INC.Denver, COComputer and Computer Peripheral Equipment and Software Merchant Whole $250K – $500K 9.0%31
84GAIA 2 CHILDREN LLCLoveland, COAll Other Miscellaneous Schools and Instruction $250K – $500K 9.0%31
85MARTIN SCHOOL OF EARLY EDUCATIDenver, COChild Day Care Services $500K – $1M 6.8%31
86MOSER LLCCraig, COSeptic Tank and Related Services $2.5M – $5M 5.5%31
87BACK EAST BAR & GRILL DENVERColorado Springs, COFull-Service Restaurants $250K – $500K 4.0%30
88WHOLE SOL BLEND BARBoulder, COLimited-Service Restaurants $500K – $1M 9.3%30
89IRELAND’S FINEST INC.Lakewood, COPainting and Wall Covering Contractors $500K – $1M 7.1%30
90ATLANTIC INTERNATIONAL LLCBoulder, COAll Other Plastics Product Manufacturing $500K – $1M 7.8%30
91THE ELIZABETH DENMAN ESLAMIYEHArvada, COFull-Service Restaurants $1M – $2.5M 5.0%30
92MARQUEE MOON INC.Denver, COAll Other Miscellaneous Store Retailers (except Tobacco Stores) $1M – $2.5M 6.0%30
93MESA INVESTMENTS LTD.Arvada, COChild Day Care Services $1M – $2.5M 6.5%30
94STAGECOACH MEAT COMPANY LLCWiggins, COAnimal (except Poultry) Slaughtering $2.5M – $5M 8.3%30
95BLANK BARBERS 55 LLCDenver, COBarber Shops $250K or less 8.3%29
96CHASE AND GOLDSMITH INC.Westminster, COFull-Service Restaurants $250K – $500K 8.5%29
97CG LOWRY LLCDenver, COLimited-Service Restaurants $500K – $1M 4.6%29
98BREAKFAST CLUB LLCLoveland, COFull-Service Restaurants $1M – $2.5M 7.0%29
99SUBSENTIO LLCGreenwood Village, COData Processing, Hosting, and Related Services $1M – $2.5M 6.3%29
100BPT STAFFING LLCHighlands Ranch, COEmployment Placement Agencies $250K or less 8.1%28

Note about SBA lenders near me in Colorado

When it comes to top Colorado SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Colorado preferred lender list, 2) approved lenders in Colorado, or 3) active participants in the Colorado SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Colorado swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Colorado, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.

It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.