GoSBA’s 50 Best Colorado SBA Lenders In 2020

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 4th 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.

Ishan Jetley

Ishan Jetley is the founder and managing director of GoSBALoans. Ishan has helped fund more than 400 businesses. He has helped businesses raise $150 million in SBA working capital, inventory and commercial property loans.

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