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Quality customer service, innovation, and striving to be the best. The Colorado District Office serves as the premier government advocate for the state’s 563,000 small businesses. In collaboration with our business resource and lending partners this office directs and manages all SBA programs and services (including access to capital, business training, and securing federal contracts) to Colorado’s 5 million residents. With 64 counties spread across 107,000 square miles of land Colorado presents a huge challenge to our office for reaching all communities large and small. The Colorado Office is constantly seeking innovative and creative ways to better serve the statewide small business community.
SBA loan approvals on the rise across Colorado. During fiscal year 2014, the Colorado office approved 1,441 7(a) and 504 loans, worth $654.3 million, surpassing the previous year’s record level by more than $32 million. The Colorado District Office staff is committed to providing the best possible customer service and support to the small business community and our statewide partners, including more than 100 financial institutions across Colorado that provide SBA guaranteed loans. These record loan numbers reflect our effective collaboration between SBA’s outstanding staff and its many partners.
Training and counseling entrepreneurs. SBA’s resource partner network is comprised of SCORE, Small Business Development Centers (SBDCs), Women Business Centers (WBCs), and in some states Veterans Business Outreach Centers. In Colorado, there are 14 SBDC centers across the state, five SCORE offices, and a WBC located at the Mi Casa Resource Center in Denver. Together these small business partners make a huge impact in guiding and direction existing and new entrepreneurs.
Colorado small business statistics:
- Colorado’s small businesses employ more than 992,000 employees
- 123,435 Colorado small businesses have employees
- Median income for individuals who are self-employed is $49,444
- Of the 5,580 firms that exported in 2012, 88 percent were small firms.
- In 2013, 13,881 establishments opened, and 79.3 percent survived through 2014
Over the years, the SBA has developed many small business loan and assistance programs, special outreach efforts and initiatives to aid and inform small businesses. The following describes briefly all the services and information available through this office:
- Financial assistance for new or existing businesses through guaranteed loans made by area bank and non-bank lenders.
- Free counseling, advice and information on starting, better operating or expanding a small business through (SCORE) Counselors to America’s Small Business.
- Business training and counseling through our statewide Small Business Development Center Program (SBDC)
- Assistance to businesses owned and controlled by socially and economically disadvantaged individuals through the 8(a) Business Development Program.
- Women's Business Ownership Representatives are available to advise women business owners.
- Special loan programs are available for businesses involved in international trade.
- If you're a veteran, you can get business counseling and information about SBA guaranteed loans.