Small Business Loans in Colorado

Ready to find success and secure a small business loan? You're in the right place! Our in-house research team of finance experts has compiled this most comprehensive list of business loans for you to find the best option for you. Bad credit and startups acceptable when meeting specific qualifications.

10 Small Business Loans in Colorado

This list is the outcome of our comprehensive in-house investigation into small business lending in Colorado, utilizing trustworthy and confirmable data. The lenders are organized by the number of small business loans they've extended in the current year.

This effectively spotlights the banks that are actually lending to small businesses in Colorado.

(This contrasts with other websites that often write about nonprofits that don’t lend much or government programs that are difficult to access.)

Takeaway: In Colorado, big, national banks do most of the small business lending.

Methodology: Our research draws on SBA 7a loan data, assuring that each listed lender offers these loan types. We've also compiled information on other small business lending options these institutions feature on their websites.

A vital point to note is that traditional banks often have stringent criteria, including the need for good credit scores and a minimum business history of two years. To address this, we've included several financing options at the beginning of our list to accommodate small business owners facing credit challenges or those who have recently entered the business arena.

1. Credit Suite

Credit Suite distinguishes itself in the business credit consulting and software industry by providing two innovative financial offerings.

They have a Cash Flow Financing option designed for business owners with bad credit. This feature enables you to utilize your business's cash flow to secure flexible financing. Rather than adhering to strict monthly payments, the repayment plan is tied to a portion of your continuous cash flow.

Furthermore, their Credit Line Hybrid is dedicated to financing based on individual credit quality, bypassing the requirement for comprehensive financial records, banking history, or business plans. 

It's ideally suited for budding startups and entrepreneurs, offering financial support ranging from $5,000 to $150,000. This positions it as an ideal solution for new businesses and even more established businesses.

Business financing options offered:

  • Credit Suite Cash Flow Financing
  • Credit Suite Credit Line Hybrid

2. The Huntington National Bank

Huntington National Bank is not just a top player in small business lending in this state; it's also the premier provider of SBA 7a loans across the country.

This notable achievement ranks them among the top 10 lenders in almost all other states, reflecting their deep dedication to supporting small businesses.

Beyond SBA loans, Huntington National Bank offers an extensive array of financial services specifically designed for small businesses. Their offerings range from equipment leasing and agricultural loans to diverse real estate loan options.

Business financing options offered:

  • SBA 7a Loans

  • Equipment Leasing

  • Church Lending

  • Greek House Financing

  • Agricultural Loans

  • Warehouse Lending

  • Real Estate Loans, Term Loans, and Lines of Credit

3. US Bank

US Bank, a substantial national banking institution, offers a wide range of business loans. With its numerous branches, it's a common sight in many towns and cities. In Colorado, they are second only to Huntington National Bank in the number of SBA loans issued, making them one of the most prolific lenders in the state.

Business financing options offered:

  • US Bank Quick Loan

  • Business Term Loan

  • Commercial Real Estate Loan

  • Equipment Financing

  • SBA Loans

  • Dental, Medical, and Vet Practice Loans

  • Business Line of Credit

  • Manage Cash Flow

  • Business Equity Line of Credit

  • Business Reserve Line

  • 4 Business Credit Cards

4. Wells Fargo Bank

Wells Fargo, a prominent national bank, is likely a familiar sight in your local area. Despite its vast size, it's unusual that their range of small business financing options is modest. However, their high position on this list is due to the substantial volume of loans they successfully process and issue. 

Business financing options offered:

  • SBA 7a Loans & 504 Loans

  • 2 Business Lines of Credit

  • Practice Financing

5. KeyBank National Association

KeyBank, a moderately-sized financial institution, operates across 15 states and offers a respectable selection of loans for small businesses. On their website, there's a special segment highlighting their commitment to diversity and inclusion, along with the accolades they've received for their efforts in this field. 

Business financing options offered:

  • Business Term Loans

  • Business Real Estate Borrowing

  • Small Business Lines of Credit

  • SBA Loans

  • Key Equipment Financing

  • 3 Business Credit Cards

6. BayFirst National Bank

BayFirst National primarily specializes in SBA loans. Phrases like “Lightning Fast Business Loans!” and “In-house team, quick funding” are highlighted on their website. Their key advantage is having an in-house underwriting team, ensuring both quick turnaround and skilled handling.

Given the typically prolonged process to fund SBA loans, this capability gives them a notable edge in the market.

Business financing options offered:

  • SBA Loans

  • Commercial Real Estate Loans

  • Commercial Term Loans

  • Commercial Lines of Credit

  • Construction Loans

  • Heavy Equipment Financing

7. Live Oak Banking Company

Live Oak is widely recognized for its extensive SBA lending across the United States. While their website may not provide detailed information on a variety of loan options, they invest considerable effort in comprehending the sectors their clients operate in.

Their site specifically mentions 48 diverse industries, asserting that they have tailored financing solutions for each of these sectors.

Business financing options offered:

  • SBA Loans

  • USDA Loans

  • Industry Vertical Loans

8. JP Morgan Chase Bank

Chase Bank, renowned as one of the largest banks nationwide, naturally plays a significant role in small business lending in Colorado.

It's a familiar name among small business owners, largely thanks to their well-regarded business credit cards. These cards come with attractive rewards programs. Notably, for several of their credit cards, Chase has collaborations with major airlines and hotels, enhancing the perks and rewards they offer.

Business financing options offered:

  • 2 Business lines of credit

  • 3 Business loans

  • Commercial real estate financing

  • 4 business credit cards, plus 6 co-branded airline/hotel cards

9. Hanmi Bank

We like that Hanmi has clear information on loan terms, amounts, and interest rates for each business loan type listed on its website.

Interestingly, their special industry financing includes options for healthcare, entertainment, charter schools, and professional businesses like CPAs and attornies. 

Business financing options offered:

  • Commercial Real Estate

  • Construction

  • Business Term Loan

  • Lines of Credit

  • SBA 7a & 504

  • Equipment Leasing

  • Specific Industry Financing

  • 3 Business Credit Cards

10. BMO Bank National Association

BMO Bank, while being a significant national bank, isn't as renowned as some of the bigger names on this list. They offer a commendable range of business financing products, without specifically concentrating on any particular industry.

Business financing options offered:

  • Business term loans

  • Business lines of credit

  • Business flex loans

  • SBA loans

  • Business real estate lending

  • Equipment leasing

  • 2 Business Credit Cards

How to apply for a small business loan in Colorado 

Getting your small business funded doesn't have to be overwhelming, regardless of how many steps may be involved. Let the leading business guides at Credit Suite help you along the way!