Feasibility Study Data for the Colorado Springs, CO Metro Area

The Colorado Springs record in brief

For Colorado Springs, SBA's files list 2,033 approved loans from FY2017 to FY2026, totalling $1.14 billion in gross approvals. Colorado Springs stands against every metro and micro area, ranked by approvals, number 53 of 928. The central half of Colorado Springs approvals spans $76,500 to $643,000, about a median near $250,000; which sets the median at 1.20x the nationwide median. Split by program, Colorado Springs shows 1,778 loans under 7(a) against 255 in 504. Franchise brands account for 15.9% of the loans.

Colorado Springs: classes and places

Next, among the asset classes we list for Colorado Springs, full-service restaurant is largest with 113 loans, trailed by limited-service restaurant (66) and liquor store with 66. Another 1,398 loans in Colorado Springs fall outside the classes. On the map, El Paso County, CO carries 1,960 loans, and behind it come Teller County, CO (73).

Colorado Springs: lenders on record

Banks and development companies named for Colorado Springs are lifted from SBA's public Colorado Springs records of the 2,033 guaranteed loans in Colorado Springs, by present or former holder; those files assign each holder yet say nothing of lender underwriting. For the record, under 7(a) in Colorado Springs, the leading holders are U.S. Bank, National Association at 188 loans and $20.8 million; next, The Huntington National Bank, with 158 loans for $49.4 million. Among 504 loans in Colorado Springs, SBA names B:Side Capital (135 loans, $128.4 million), then Pikes Peak Regional Development Corporation (77 loans, $73.5 million). An applicant in Colorado Springs may ask Colorado Springs's listed holder U.S. Bank, National Association or any other Colorado Springs holder near El Paso County, CO what evidence it expects, then shape the Colorado Springs study to answer those answers.

Colorado Springs: floors and the yearly line

Looking at Colorado Springs approvals from FY2017 through FY2024, at least 11.9% ended in cancellation after approval in Colorado Springs, which is a floor; the full Colorado Springs figure can only be higher. Further, of disbursed Colorado Springs loans approved from FY2017 to FY2021, 6.1% have been charged off to date, another floor; 3.3% ended in charge-off within five years of approval, within a cohort of 765 loans. By year, Colorado Springs hit its high in FY2025 at 300 loans and $151.4 million, and was weakest in FY2020 at 160 loans and $91.0 million.

Colorado Springs: the tests ahead

The Colorado Springs study starts with customers: who works in El Paso County, CO, who travels in Teller County, CO, measured against Colorado Springs overall, and whether the 113 full-service restaurant loans leave room. Budget: $250,000 is the Colorado Springs median and $76,500 to $643,000 where half of loans fall, so a El Paso County, CO site needs a budget it can defend against that $250,000 benchmark. Coverage: Colorado Springs coverage absorbs a weak year against the 11.9% cancellation floor and 6.1% charge-off floor. An appraisal in Colorado Springs must back the figure lent against. Colorado Springs is cut from the 2023 July definition; an approval whose county entry lacks a CBSA match is missing from all other areas, Colorado Springs no exception, yet the totals retain loans without a place in the named classes.