Denver is the capital and most populous municipality of the U.S. state of Colorado. Denver is located in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains. The Denver downtown district is immediately east of the confluence of Cherry Creek with the South Platte River, approximately 12mi east of the foothills of the Rocky Mountains. With an estimated population of 727,211 in 2019, Denver is the 19th-most populous city in the United States, the fifth-most populous state capital, and the most populous city located in the Mountain states. The metropolitan area surrounding Denver represents a majority of the population and economic activity in the Front Range region, an area within which an estimated 85% of Colorado's population lives.
The Denver economy is strong and diversified, with major contributions from health care, telecommunications, aerospace, and manufacturing. The Denver metropolitan area is home to many national and international companies, including but not limited to Ball Aerospace & Technologies, DaVita, Dish Network, Gates Corporation, Lockheed Martin, and Western Union. The city also houses several major sports teams, including the Denver Broncos (NFL), Colorado Rockies (MLB), Denver Nuggets (NBA), and Colorado Avalanche (NHL).
Small businesses are a vital part of the Denver economy, accounting for over 99% of all businesses in the city. According to the U.S. Small Business Administration, there are over 100,000 small businesses in Denver, employing over 500,000 people. The most popular industries for small businesses in Denver are professional, scientific, and technical services; health care and social assistance; and retail trade.
The City of Denver offers a variety of programs and resources to support small businesses, including business counseling, financing, and technical assistance. The city also offers a Small Business Development Center, which provides free or low-cost business counseling and training to small business owners and entrepreneurs.
Comparing SBA loan types in Denver
Three SBA programs come up most often for Denver, Colorado businesses, and they do different jobs.
Small business loans available in Denver
An SBA 7(a) loan made to a Denver, Colorado business is made by a participating lender, not by the SBA. The lender underwrites it, sets the rate within the SBA maximum, and services it. What varies locally is which lenders are active, not the program rules.
Common uses here are the same as everywhere: working capital, equipment, owner-occupied commercial real estate, refinancing business debt, and buying an existing business.
Insurance and closing
Most SBA lenders require hazard and, where the collateral is real property, property insurance in place before closing. See commercial property insurance for businesses and ways to ensure your SBA loan closes smoothly.
Getting started in Denver
Check the eligibility requirements, run the numbers with the SBA 7(a) loan calculator, then get financing and we will route your inquiry to lending partners.