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Small Business Loans in Colorado

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By Erin Ryan Social Community Manager, Senior Writer and Editor at Fast Capital 360 Reviewed By Mike Lucas
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Loan Overview

  • Coins stacked on table with blue arrow pointing up
    Loan Amount Up to $500,000
  • Calendar image appearing as though the page is being flipped
    Estimated Repayment Terms 1-5 Years
  • Speedometer icon
    Interest Rate Starting at 7%
  • Dollar sign in circle
    Speed of Funding As fast as 1 day

As a business owner in Colorado, you’ll be happy to know that Forbes.com ranked the state 9th best in the country for business and first in labor supply. With all of the recognition the Colorado business scene has received, it’s more important than ever to set your company up for success. Here’s information to help you in your search for small business loans in Colorado.

Colorado Small Business Landscape

Colorado is home to more than 650,000 small businesses, according to the U.S. Small Business Administration (SBA). What’s more, these businesses employ 1.1 million workers, nearly half of all private workforce employees in the state.

Here are the top 10 industries of which most small firms are a part:

  1. Professional, scientific and technical services
  2. Real estate, rentals and leasing
  3. Construction
  4. Other services (except public administration)
  5. Retail trade
  6. Healthcare and social assistance
  7. Administrative, support and waste management
  8. Warehousing and transportation
  9. Entertainment, arts and recreation
  10. Insurance and finance

How to Get a Business Loan in Colorado

When you’re looking for a commercial loan in Colorado, research lenders, find out what you need to apply for a loan and get your business documents in order, including recent banking statements. Here are a few top conventional lenders in the state you can turn to when you want to get a bank loan for your company.

5 Best Banks for Small Business Loans in Colorado

Whether you’re looking to upgrade equipment, buy inventory or navigate through slow seasons, find the right lender for your commercial loan or business line of credit in Colorado.

1. CoreFirst Bank & Trust

WalletHub has named this institution 2020’s Best Bank in Colorado. In addition, CoreFirst is accredited with the Better Business Bureau (BBB), where it’s earned an A+ rating.

Head to 1 of 12 branches, where you’ll find the following small business loans:

  • Term loans
  • Equipment loans
  • Business lines of credit
  • Business credit cards
  • Commercial real estate financing

2. Alpine Bank

With more than 30 branches in the state, this bank gets our vote. It also gets the public’s, with a 5-star rating on Yelp, where it’s listed as one of the top 10 best small banks in Denver.

In addition to commercial real estate financing in Colorado, you’ll find the following funding options here:

  • Vehicle loans
  • Business credit cards
  • Lines of credit (up to $50,000)
  • Commercial construction loans

3. Flatirons Bank

This regional bank holds a 5-star rating on Google Reviews as well as an A+ rating with the BBB. If you’re searching for land acquisition and development or commercial construction loans in Colorado, you’ll find them here. 

Other loan products include these:

  • Term financing
  • Business credit cards
  • Custom financing options
  • Short-term working capital loans
  • Accounts receivable and inventory lending
  • Commercial mortgages

4. FirstBank of Colorado

Not only is this bank accredited by the BBB, but it’s earned an A+ rating too. Head to 1 of nearly 100 branches throughout the state, and speak to a loan specialist about a small business loan for your Colorado company.

Funding options here include the following:

  • SBA loans
  • Business lines of credit
  • Business letters of credit
  • Business credit cards
  • Business cash reserves
  • Acquisition or expansion loans
  • Equipment and fleet loans
  • Healthcare practice loans
  • Owner-occupied commercial real estate financing

5. Bank of Colorado

Head to this bank, which is BBB accredited and A+ rated, and get information about commercial loan rates for your Colorado business. 

You’ll find these financing options at this financial institution:

  • Business credit cards
  • Commercial loans
  • Commercial lines of credit
  • Operating loans and lines
  • Equipment loans
  • Livestock loans
  • Real estate financing
Do you need a loan for your small business?

Alternative Forms of Financing in Colorado

It’s important to know that while conventional lenders can offer borrowers competitive loan terms, the process to be approved is anything but easy and can take up a lot of time. Applicants are often required to submit multiple business documents, meet high credit score requirements and provide collateral. 

Nonbank lenders are now on the scene offering alternatives to conventional loans, whether you’re in the market for a Colorado merchant cash advance or short-term loan. Alternative lenders are known for streamlined application processes, fast funding and often quick repayment terms. Additionally, they can be more willing to work with borrowers who have lower credit scores.

Applying for Alternative Financing Through Fast Capital 360

Ready to find financing for your company? Apply with Fast Capital 360. Small business loan rates for Colorado businesses start as low as 6.95%. Here’s how you’ll benefit:

Speed
Our online application only takes a few minutes to complete. 

Multiple Offers
Your single application with us gets you in front of our nationwide network of lending partners. That could mean several offers come your way. 

Expert Guidance
Your dedicated Business Advisor will reach out to review your offers with you. After hearing all the details, choose what’s best for you.

Get Your Business Loan Options in Minutes

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Small Business Resources in Colorado

As a business owner, you can never have too much information at your disposal. Here are some resources within Colorado you can lean on as you’re running your business.

Colorado Housing and Finance Authority (CHFA)

CHFA invests in community development by partnering with lenders and other economic development organizations throughout the state. To date, it has helped more than 6,500 businesses access capital. Loans are available at fixed rates and can finance investments in equipment, real estate, renovations and manufacturing.

Colorado Small Business Development Center

With 14 full-time centers and 70 part-time satellite centers across the state, this organization is dedicated to helping entrepreneurs succeed. Small business owners can benefit from free 1-on-1 consulting, networking events and free or low-cost training programs covering such topics as starting a business, sales, bookkeeping and marketing. Staff is also available to help entrepreneurs learn more about securing loans, winning government contracts and more.

SCORE

This nationwide nonprofit has been helping small business owners since 1964. In addition to free business mentoring, entrepreneurs can take advantage of training programs, live online workshops and networking events. Additionally, the SCORE website offers a library of educational blogs, checklists, guides and document templates.

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