The U.S. Small Business Administration (SBA) Colorado District Office serves 64 counties which have a combined population base of over 5 million residents and 563,000 small businesses. Colorado possesses a diverse and prosperous economic base as it is a known for its agriculture, aerospace, technology, bioscience and is considered a STEM-based economy. According to the Kauffman Index, Colorado was the 4^th state for rising start-up businesses.

 

Finding the best and cheapest business loans has always been a hassle, so we make it easier by comparing all the best SBA lenders in Colorado for you. After reading our analysis, please click apply now and we’d be happy to match you with the best SBA loan providers in Colorado.

 

GoSBA Loans is proud to announce the 2020, top 50 SBA banks providing SBA loans in Colorado. As a strong state for small business entrepreneurs, Colorado SBA loan providers financed 1,299 businesses valued at $706,066,771 for the FY of 2019.

 

One of the biggest challenges that small businesses face is access to affordable financing. Top lenders signing SBA-backed loans in Colorado include some of the larger banks like Wells Fargo and Chase Bank, as well as some smaller players, including Live Oak Banking Company and Bank Midwest. Unfortunately, these banks have some of the strongest underwriting criteria. Most small businesses are better off speaking with smaller and more aggressive SBA lenders in Colorado. Applicants that apply for an SBA loan with GoSBA loans benefit from automatic circulation of their loan application to 33 of the 100 top Colorado SBA lenders. Here is our GoSBA’s official ranking for the 50 Best Colorado SBA 7(a) Lenders In 2020.

 

RANK	BANK	LOANS FUNDED	VOLUME FUNDED ($)
1	Wells Fargo Bank, National Association	210	$83,512,200
2	Live Oak Banking Company	44	$60,552,771
3	Bank of the West	70	$37,870,700
4	BBVA USA	29	$30,838,000
5	U.S. Bank, National Association	190	$30,436,900
6	Independent Bank	40	$26,640,300
7	Community Banks of Colorado	40	$25,562,000
8	KeyBank National Association	33	$25,387,400
9	Hanmi Bank	34	$23,677,000
10	Seacoast Commerce Bank	19	$18,655,500
11	Open Bank	10	$18,492,500
12	JPMorgan Chase Bank, National Association	53	$17,644,200
13	Midwest Regional Bank	17	$16,863,400
14	Celtic Bank Corporation	18	$15,212,400
15	PromiseOne Bank	11	$13,398,000
16	United Community Bank	18	$13,283,800
17	Newtek Small Business Finance, Inc.	20	$12,111,000
18	Berkshire Bank	14	$11,059,000
19	MidWestOne Bank	15	$9,709,500
20	First Home Bank	30	$8,888,000
21	Zions Bank, A Division of	23	$8,861,600
22	Farmers & Stockmens Bank	9	$8,598,300
23	Stearns Bank National Association	31	$8,444,100
24	Byline Bank	8	$8,042,000
25	First National Bank of Omaha	18	$7,632,400
26	Bank of Hope	10	$7,627,000
27	The Bancorp Bank	5	$6,678,700
28	First Savings Bank	2	$6,662,000
29	UMB Bank, National Association	7	$5,808,000
30	Sunflower Bank, National Association	4	$5,483,700
31	Bank of America, National Association	5	$4,945,600
32	BOKF, National Association	9	$4,914,000
33	Academy Bank, National Association	4	$4,758,500
34	First Bank Financial Centre	1	$3,818,000
35	Commonwealth Business Bank	2	$3,757,000
36	Bank of George	2	$3,723,000
37	First Colorado National Bank	2	$3,709,000
38	First Bank	6	$3,625,300
39	Readycap Lending, LLC	5	$3,524,000
40	Pacific City Bank	6	$3,410,000
41	Farmers State Bank	1	$3,375,000
42	Colorado Lending Source, Ltd.	20	$3,337,100
43	Ameris Bank	5	$3,263,300
44	Native American Bank, National Association	1	$3,000,000
45	Glacier Bank	6	$2,960,900
46	Radius Bank	3	$2,820,000
47	Independence Bank	19	$2,775,000
48	American Bank of Commerce	9	$2,774,500
49	United Midwest Savings Bank, National Association	18	$2,575,000
50	HomeStar Bank and Financial Services	2	$2,540,000

Sounds great? Click on apply now and we’ll match you with the best SBA loan providers in Colorado.