Colorado
Business Loans in Colorado
Colorado businesses borrow from banks, credit unions, SBA lenders and non-bank lenders, and the state's Office of Economic Development and International Trade backs some of those loans with cash collateral and loan loss reserves. Sagamore, a commercial loan broker, matches established Colorado businesses with lenders for lines of credit, term loans, SBA loans and equipment financing.
Written by Jordan Levy, Founder & CEO · Last updated
State law
Does Colorado require business loan disclosures?
No. Colorado has no commercial financing disclosure law, and the federal Truth in Lending Act does not cover credit for business purposes. What you receive is the lender's offer and contract, so before you sign, get these in writing:
- The total amount financed, and the amount you actually receive after fees or payoffs
- The total you will repay
- How much each payment is, how often it is due and how it is collected
- Every fee, including origination, draw, late and returned-payment fees
- What paying off early costs or saves
- Any collateral, lien or personal guarantee the lender takes
At a glance
- State disclosure law
- None
- Federal Truth in Lending Act
- Consumer credit only
- What governs the deal
- Your contract
SBA
Where are the SBA offices in Colorado?
The SBA doesn't lend directly. Banks, credit unions and other SBA-approved lenders make 7(a) and 504 loans, and the SBA guarantees part of each one. District offices connect businesses with counseling, training and local lenders.
The SBA lists no branch offices in Colorado, so Colorado Springs, Fort Collins and the Western Slope are all served from Denver.
How SBA loans workDistrict office
- DenverColorado District OfficeAll of Colorado
State programs
What state loan programs does Colorado offer?
Colorado's programs are run by the Office of Economic Development and International Trade (OEDIT), two of them managed by the Colorado Housing and Finance Authority. They work through lenders, and OEDIT says the state's $104.7 million federal State Small Business Credit Initiative allocation includes no grants.
These are state programs. Sagamore doesn't run them or decide who qualifies.
- Cash Collateral SupportOEDIT, managed by CHFAProvides a cash deposit as collateral for a business loan or credit facility when the business can't meet the lender's collateral requirement.
- Colorado Credit ReserveOEDIT, managed by CHFASets up a loan loss reserve account with the lender as added security, so the lender can make loans it otherwise might not.
- CLIMBER LoansOEDITWorking capital loans to Colorado small businesses through participating lenders, CDFIs and credit unions. A 2026 law, HB26-1003, opened the program to businesses regardless of COVID-19 impact.
- Colorado Startup Loan FundOEDITFunds mission-based lenders that make micro loans under $150,000, paired with technical assistance.
Industries
Which Colorado industries do we work with?
Colorado has 730,887 small businesses, 99.5% of all businesses in the state, according to the SBA Office of Advocacy's 2025 profile. We work with established businesses in every industry; these are the ones that stand out in Colorado.
- Manufacturing Business FinancingAdvanced manufacturing and aerospace are two of OEDIT's seven advanced industries.
- Technology Company FinancingTechnology and information, and electronics, are on OEDIT's advanced industries list.
- Medical Practice FinancingBioscience is one of OEDIT's advanced industries.
Eligibility
What do you need to qualify for a business loan in Colorado?
The same as in every other state. Sagamore is a broker, not a lender: one application is matched with lenders across all 50 states, and every program starts from the same minimums. We work with established businesses only, so startups are not eligible.
- Credit score
- 600+
- Time in business
- 1+ year
- Annual revenue
- $400K+
Frequently Asked Questions
Common questions about business loans in Colorado
Ask the lender about Cash Collateral Support. Through it, OEDIT and CHFA place a cash deposit with the lender as collateral on a business loan or credit facility when the business's own collateral falls short.
Working capital loans to Colorado small businesses, made through participating lenders, CDFIs and credit unions. They began as pandemic recovery loans; HB26-1003, signed in May 2026, opened the program to businesses regardless of COVID-19 impact.
No. The SBA Colorado District Office in Denver serves the entire state and lists no branch offices, so Colorado Springs businesses work with the Denver office.
Not through Sagamore: every program we broker needs at least 1 year in business, a 600+ credit score and $400K+ in annual revenue. The state's Colorado Startup Loan Fund backs mission-based lenders that make micro loans under $150,000, with technical assistance.
Sources
Where do these facts come from?
Each fact on this page was checked against the agency or legislature that publishes it. Programs and offices change, so confirm the details with the source before you rely on them.
- SBA: Colorado District Office (opens in a new tab)
- OEDIT: Cash Collateral Support (opens in a new tab)
- OEDIT: Colorado Credit Reserve (opens in a new tab)
- OEDIT: CLIMBER Loans (opens in a new tab)
- Colorado General Assembly: HB26-1003 (opens in a new tab)
- OEDIT: Colorado Startup Loan Fund (opens in a new tab)
- OEDIT: Colorado State Small Business Credit Initiative (opens in a new tab)
- OEDIT: Advanced industries (opens in a new tab)
- SBA Office of Advocacy: 2025 Colorado Small Business Profile (opens in a new tab)
- U.S. Code: 15 U.S.C. 1603, Truth in Lending Act exempted transactions (opens in a new tab)
Related Funding Options
Which funding options fit Colorado businesses?
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