SBA 7(a) lenders in San Miguel, CO
Approvals in SBA fiscal years 2009–2025. Source data as of 2026-06-30.
Lenders
15 institutions have SBA 7(a) loans on record in San Miguel, together $8.3M across 39 loans. Live Oak Banking Company is the largest, with 15% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 2 | $1.3M | 15.4% | 0.00% |
| 2 | Banc of California | 4 | $1.2M | 14.2% | 0.00% |
| 3 | FMS Bank | 1 | $1.1M | 12.7% | 0.00% |
| 4 | U.S. Bank, National Association | 18 | $1.0M | 12.3% | 2.95% |
| 5 | First Internet Bank of Indiana | 1 | $934K | 11.3% | 0.00% |
| 6 | Community Banks of Colorado, A Division of NBH Bank | 2 | $731K | 8.9% | 0.00% |
| 7 | Pinnacle Bank | 1 | $463K | 5.6% | 0.00% |
| 8 | Evolve Bank and Trust | 1 | $350K | 4.2% | 0.00% |
| 9 | Timberline Bank | 1 | $325K | 3.9% | 0.00% |
| 10 | Northeast Bank | 2 | $300K | 3.6% | 0.00% |
| 11 | Florida Capital Bank, National Association | 1 | $300K | 3.6% | 0.00% |
| 12 | Independence Bank | 1 | $150K | 1.8% | 0.00% |
| 13 | Bank of Jackson Hole Trust | 1 | $108K | 1.3% | 0.00% |
| 14 | First Southwest Bank | 1 | $59K | 0.7% | 0.00% |
| 15 | Wells Fargo Bank National Association | 2 | $25K | 0.3% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Administrative & waste services | 3 | $1.6M | 18.8% |
| 2 | Manufacturing | 2 | $1.3M | 15.4% |
| 3 | Real estate & leasing | 2 | $1.3M | 15.3% |
| 4 | Finance & insurance | 4 | $1.2M | 14.2% |
| 5 | Construction | 11 | $991K | 12.0% |
| 6 | Retail trade | 5 | $929K | 11.3% |
| 7 | Professional & technical services | 1 | $603K | 7.3% |
| 8 | Health care & social assistance | 2 | $236K | 2.9% |
| 9 | Accommodation & food services | 4 | $110K | 1.3% |
| 10 | Retail trade | 2 | $60K | 0.7% |
| 11 | Other services | 2 | $56K | 0.7% |
| 12 | Manufacturing | 1 | $15K | 0.2% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.