Colorado is nicknamed the "Centennial State" because it became a state in 1876, one hundred years after the signing of the United States Declaration of Independence.
Now, almost 150 years later, Colorado has exploded into a major center for both urban development and rural expansion. There are plenty of business hotspots in Colorado, from Aurora to Fort Collins. New businesses are popping up all the time in Colorado, and they often need financing to get started.
If you are a small business owner in Colorado and need financial assistance, look no further than Advancepoint Capital. We aim to support small businesses like yours by providing small business loans up to $1,000,000. With our small business loans in Colorado, you can access the capital you need to invest in your business's growth and development.
Colorado Small Business Loans Made Easy
Any new business owner in Colorado will tell you that starting a business is no easy feat. It takes a lot of time, effort, and money to get off the ground. That's why it's important to have a strong financial foundation from the outset. One of the best ways to do this is by securing a small business loan.
If you're looking for a small business loan in Colorado, the first step is to get in touch with our team. We'll work with you to understand your needs and determine whether or not you qualify for a loan. Once we've determined that you do qualify, we'll match you with a lender who can provide the financing you need.
8 Best Small Business Loans in Colorado (May 2023)
Small Business Loans
The most common request for business financing, small business loans offer popular terms for most needs that a Colorado business owner may have. This product has attractive rates and fixed terms.
SBA Loans in Colorado
The Small Business Administration offers government back loans with attractive rates and terms. To qualify you must have good credit and be able to provide documents to support the health of the business.
Merchant Cash Advance
Merchant cash advance is for Colorado businesses where a majority of sales are processed through credit cards. This solution is an alternative to business loans or lines of credit. Advances are based off of credit card sales and paid out of a set percentage of future sales.
Business Cash Advance
A cash advance is not a loan, but an advance off of future sales of the business Commonly used when traditional bank loans are not achievable. The process is quick and simple with all credit considered and less paperwork.
Equipment financing is commonly used by businesses purchasing new equipment. Because of the collateral of the equipment, the terms can range from 2 to 7 years making payments affordable.
Invoice financing, also known as Invoice factoring, advances a lump sum to the issuer so they don’t have to wait for payment from the client over the typical terms of net 15, 30, 45 or 60 days. This allows business owners to accelerate the payment and improve cash flow shortfalls all for a nominal fee.
Short Term Small Business Loans in Colorado
An alternative to bank loans, short term loans offer higher approval rates and lower documentation. Additionally the process is quick with the turnaround from application to funding sometimes within 1 day. Short term is considered terms ranging from 6 to 24 months.
Long Term Business Loans
A “Long term loan” in business is considered terms from 2 to 10 years in duration. This product is commonly used for business expansion and large projects requiring a lot of capital. The longer term products require better credit and documentation to support the health of the business.
U.S. Small Business Administration
How to Grow Your Business in Colorado
View the Colorado Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting.
U.S. (SBA) U.S. Small Business Administration
Colorado District Office
Common Reasons Colorado Business Owners Acquire Loans
- Working Capital
- Equipment Purchase
- Business Expansion
- Cash Flow
- Advertising/ Marketing
- Recruitment of Employees
- Employee Training
Initiatives, Government Programs, and Grants in Colorado
Colorado Lending Source – As a small nonprofit lender, its mission is to foster economic and job growth for diverse small businesses in Colorado communities. Colorado Lending Source is a membership-based organization made up of lenders, small businesses, community organizations, and government groups. Membership is free for individuals, and it ensures that you will be informed of events, successes, and the latest news.
Colorado Enterprise Loan Options – Includes 2020 Colorado needs such as SBA Paycheck Protection Program (protects jobs), City and County COVID-19 Relief Loans, Delta Dental COVID Relief Loan, Community Loan Funds, Small Business Loans, and SBA Microloan.
Colorado Office of Economic Development & International Trade – Startups and Small Business – The Colorado Office of Economic Development and International Trade (OEDIT) works with Colorado partners statewide to create a favorable business climate that encourages dynamic economic development and sustainable job growth. Discover financial resources by searching for a lending source and technical assistance to support local and regional economic development activities throughout Colorado.
Colorado Office of Economic Development & International Trade – COVID-19 Business Resource Center
Colorado SBDC – Helping businesses statewide response to the 2020 Colorado COVID-19 health crisis. Small Business Response provides a lending source, resources, and job protection.
Colorado Housing and Finance Authority (CHFA) – Colorado Housing and Finance Authority (CHFA) Community Development team partners with a lending source and economic developers to provide the resources and financing needed for future growth and job creation. Colorado Housing and Finance Authority (CHFA) can help you reach new heights with your business, whether you are for-profit or nonprofit. Colorado Housing and Finance Authority (CHFA) has unique programs for manufacturers, rural companies, and healthy food grocers.
Why AdvancePoint Capital?
- Experience- Advancepoint has over 10 years of experience funding businesses in Colorado.
- Trust – 4.8/out of 5 Google reviews and great feedback from Colorado businesses
- Loan Specialists – Knowledgeable and experienced business finance specialists assigned to you
- No Obligation –Quotes are free with no cost or commitment required.
- Products – Network of business lenders and funders with a variety of products and terms.
Apply for Business Loans in Colorado Today!
Getting a financing solution or financial advice in Colorado can be troublesome. At AdvancePoint Capital, applying for a business loan is fast and easy with our simple application process. All you need to do is fill out our online form, and application page, and in just a few hours — you’re well on your way to getting yourself a business loan in Colorado.
Get Started Today
AdvancePoint Capital makes the loan application process a simple, straightforward experience.