Best Colorado SBA Lenders & Rates (2026)
2025 FOIA data: top lenders, rates, industries & loan types in Colorado
SBA Loans in Colorado
Colorado businesses received $1.21B in SBA 7(a) loan approvals across 2,241 businesses in 2025, supporting 23,477 jobs. With 153 active SBA lenders competing for business in Colorado, comparing offers is essential — rates vary significantly by lender.
The average SBA loan in Colorado is $540K at 10.1%, which is 0.22% below the national average of 10.32%. The top lender in Colorado is Live Oak Banking Company, with the most-funded industry being Full-Service Restaurants.
SBA Loans in Colorado by Business Type
Whether you’re starting a business, buying one, or expanding an existing operation in Colorado, here’s how SBA lending breaks down:
Startups represent 14% of Colorado SBA loans (363 loans totaling $173.2M). Business acquisitions (change of ownership) account for 28% (310 loans, $338.9M). Existing businesses make up the largest share at 44% (1187 loans). If you’re buying a business in Colorado, acquisitions are a well-established use case for SBA 7(a) loans.
Colorado vs. National Average
How does Colorado’s SBA lending market compare to the national average in 2025?
Colorado10.1%
National Avg10.32%
✅ Colorado’s avg rate is 0.22% lower than the national average
Colorado$540K
National Avg$478K
Colorado’s avg loan is 1.1x the national average
A rate lower than the national average of 10.32% is significant context for Colorado borrowers. Individual rates depend on your credit profile, deal structure, loan size, and the specific lender you work with — which is why comparing multiple offers from different banks is consistently the best strategy to get the lowest possible rate on your SBA loan.
Top SBA Lenders in Colorado (2025 Data)
The table below ranks every SBA 7(a) lender active in Colorado in 2025 by total dollar volume approved. This data comes directly from SBA FOIA records and represents actual funded loans — not pre-qualifications or applications received.
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Live Oak Banking Company | $117.3M | 97 | 9.06% |
| 2 | The Huntington National Bank | $113.9M | 291 | 9.58% |
| 3 | Newtek Bank, National Association | $73.5M | 153 | 10.93% |
| 4 | Hanmi Bank | $44.9M | 50 | 9.28% |
| 5 | Northeast Bank | $34.0M | 204 | 10.8% |
| 6 | JPMorgan Chase Bank, National Association | $33.2M | 77 | 10.7% |
| 7 | First Internet Bank of Indiana | $33.0M | 31 | 9.94% |
| 8 | U.S. Bank, National Association | $29.3M | 164 | 10.22% |
| 9 | Wells Fargo Bank National Association | $26.1M | 63 | 10.16% |
| 10 | Readycap Lending, LLC | $25.8M | 78 | 12.21% |
| 11 | SouthState Bank, National Association | $24.4M | 23 | 8.36% |
| 12 | Bank of Hope | $23.9M | 30 | 8.97% |
| 13 | Byline Bank | $23.8M | 18 | 10.21% |
| 14 | MidWestOne Bank | $21.4M | 22 | 9.49% |
| 15 | Zions Bank, A Division of | $18.0M | 100 | 10.03% |
Pay close attention to the “Avg Rate” column — rates vary significantly between lenders operating in the same state. The spread between the lowest and highest rate in this table can represent tens of thousands of dollars over the life of your loan. The top lenders in Colorado have funded the most deals locally, meaning their loan officers understand Colorado’s commercial real estate values, industry mix, and economic conditions. This familiarity typically translates into faster underwriting and more competitive terms.
However, don’t limit your search to local banks alone. Many of the top national SBA lenders fund loans across all 50 states and may offer better rates or more experience with your specific industry. An SBA loan broker like GoSBA gives you access to both Colorado-based lenders and national lenders with a single application — ensuring you get the most competitive offer available.
Get Matched with the Best SBA Lender in Colorado
One 5-minute application. 153 lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Colorado
SBA lending in Colorado reflects the state’s economic profile and business formation trends. The table below shows which industries received the most SBA 7(a) funding in Colorado in 2025, ranked by total dollar volume:
| Industry | Loans | Volume |
|---|---|---|
| Full-Service Restaurants | 104 | $57.9M |
| Offices of Dentists | 31 | $48.8M |
| Hotels (except Casino Hotels) and Motels | 19 | $40.7M |
| Electrical Contractors | 49 | $31.3M |
| Child Day Care Services | 16 | $30.8M |
| Plumbing, Heating, and Air-Conditioning Contractors | 52 | $30.5M |
| All Other Specialty Trade Contractors | 39 | $20.6M |
| Limited-Service Restaurants | 61 | $19.3M |
| Pet Care (except Veterinary) Services | 25 | $17.7M |
| Fitness and Recreational Sports Centers | 59 | $17.5M |
| Offices of Physicians (except Mental Health Specialists) | 24 | $16.0M |
| Site Preparation Contractors | 22 | $14.9M |
| Roofing Contractors | 21 | $13.6M |
| Landscaping Services | 32 | $13.0M |
| Home Health Care Services | 21 | $12.8M |
If your business operates in one of Colorado’s top-funded industries, you’re in a strong position. Lenders who have funded dozens of similar businesses in your state understand the unit economics, seasonal revenue patterns, and typical margins for your sector. This familiarity translates into faster approvals, less documentation back-and-forth, and more accurate risk pricing — which typically means better terms for the borrower.
Even if your industry isn’t listed above, SBA 7(a) loans are available for nearly every legal business type. An SBA loan broker can identify which lenders have the most experience with your specific industry.
Top Cities for SBA Loans in Colorado
SBA lending activity within Colorado is concentrated in major metropolitan areas, but businesses in smaller cities and towns also receive significant funding. The table below shows where in Colorado the most SBA 7(a) loans were funded in 2025:
| City | Loans | Volume |
|---|---|---|
| Denver | 382 | $191.7M |
| Colorado Springs | 228 | $105.4M |
| Aurora | 136 | $72.3M |
| Lakewood | 58 | $47.9M |
| Centennial | 71 | $44.8M |
| Littleton | 82 | $38.2M |
| Englewood | 63 | $36.1M |
| Parker | 58 | $30.4M |
| Boulder | 68 | $29.6M |
| Fort Collins | 55 | $27.3M |
How to Get an SBA Loan in Colorado
Option 1: Apply directly to one of the top Colorado lenders above. You’ll get a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Colorado-active lenders simultaneously, creating competition for your deal. Better rates, faster approvals — at no cost to you.
Frequently Asked Questions
How many SBA loans were funded in Colorado in 2025?
What is the average SBA loan interest rate in Colorado?
Can I get an SBA loan to start a business in Colorado?
Who is the top SBA lender in Colorado?
What industries get the most SBA loans in Colorado?
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Data sourced from official SBA 7(a) FOIA loan approval records for Calendar Year 2025, published by the U.S. Small Business Administration. For official information, visit sba.gov.
