Colorado Lending Source

Our mission is to foster the economic growth of diverse small businesses within our communities.

The SBA 504 Loan Program is designed to help small businesses finance the purchase of commercial real estate and capital equipment for as little as 10% down with a fixed interest rate.

Current Interest Rates
20 Year Fixed - 5.555 %
10 Year Fixed - 4.914 %

Colorado Lending Source is a Certified Development Company, authorized by the US Small Business Administration to package, close, service and liquidate SBA 504 loans.

The SBA 7(a) loan program can be used by small businesses to finance “a variety of general business purposes”. Most commonly the program is used to finance working capital, but it can also be utilized to finance commercial real estate acquisitions.

These loans are available to small businesses through banks. Colorado Lending Source is not a bank so we are not authorized by the SBA to administer the SBA 7(a). However, we are available to help banks and small businesses package these loans.

Colorado Lending Source is a private, nonprofit, economic development organization whose mission is to foster the economic growth of diverse small businesses within our communities.

Since inception in 1990 through 12/31/2009, Colorado Lending Source has assisted 1,802 of Colorado’s small businesses receive SBA 504 loans for their commercial real estate and capital equipment purchases. This has resulted in the creation and retention of 16,656 jobs, with an investment of $2.317 billion in the state of Colorado. During 2009, Colorado Lending Source partnered with 61 different financial institutions and 94 individual loan officers to provide small businesses with access to the SBA 504 loan program.

Colorado Lending Source provides monthly webinars on the SBA 504 Loan Program. These classes are available to all and are typically attended by lenders, realtors and small business owners. You can sign up to receive email updates on these webinars by entering your email address in the email entry box over on the right hand side (starboard side) of this page.

We are also available to provide personalized trainings for you at your location if you would like.

There are many organizations in the state of Colorado that exist purely to help small businesses get started, grow, and explore financing options. There are a number of Small Business Development Centers and SCORE offices throughout the state that have counselors available and hold workshops to help you with every aspect of starting, running, and marketing a business. Colorado also has some incredible micro-lenders who provide small loans to help you take that first step.

By following this link, you will get a brief snapshot of some of the more valuable resources available to help you start/ grow / build / succeed in your industry.

Pending Legislation that will Impact SBA Loan Programs

H.R. 4302 : The "Small Business Job Creation and Access to Capital Act of 2009" was introduced to the House of Representatives on 12/14/09 by Rep. Abercrombie of Hawaii. As of 01/26/10, the bill had just three co-sponsors. This bill, which is loosely modeled on S. 2869 (below) would be a HUGE help to small businesses in Colorado because of (1) the continuation of the 90% guaranty on SBA 7(a) loans and (2) an included provision that would temporarily expand the SBA 504 loan program to allow refinancing of conventional (owner occupied), commercial real estate loans.

S. 2869 : The "Small Business Job Creation and Access to Capital Act of 2009" was introduced to the Senate on 12/10/09 by Senator Mary Landriew of Louisiana. As of 01/26/10, the bill had eighteen co-sponsors, including bi-partisan support. This bill would be a HUGE help to small businesses in Colorado because of (1) the continuation of the 90% guaranty on SBA 7(a) loans and (2) an included provision that would temporarily expand the SBA 504 loan program to allow refinancing of conventional (owner occupied), commercial real estate loans.

It appears that the Senate bill is well supported and is likely to be voted on and subsequently pass. Please contact your local Representatives to encourage them to support, pass and approve the House bill!!!