A micropolitan area with two counties

Rifle is a micropolitan area in western Colorado: Garfield County has 198 loans and Pitkin County 52. SBA approved 250 loans across FY2017 to FY2026, $144.9 million gross, rank 272 of 928; 199 are 7(a) and 51 are 504. Rifle puts its median at $291,250. Rifle is 1.40x the national figure. For Rifle, half of loans run $100,000 to $688,150. Brands hold 6.0% of the count.

The asset table runs full-service restaurant 12, then limited-service restaurant and liquor store at 7 each, with hotel and motel and fitness center at 6 each; 182 loans sit outside the classes. Count was 20 loans and $5.5 million in FY2017, a peak of 35 loans and $28.1 million in FY2021, a low of 15 loans and $5.4 million in FY2023 and 25 loans and $17.0 million in FY2026. No Rifle charge-off rate appears, because Loan Analytics holds back a rate that rests on thin counts.

Rifle lenders

Rifle's 7(a) book starts with 32 loans and $6.2 million at U.S. Bank, National Association, then Timberline Bank at 29 loans and $10.8 million, with Wells Fargo Bank National Association at 28 loans and $5.0 million after them. The page lists no 504 lender. Rifle lists name holders from SBA's records. Rifle holders hold or held those loans. Rifle volume is no verdict on lender practice. Rifle counts promise no requirement.

Rifle floors and the study

Rifle cancellations after approval reached at least 11.8%. Rifle approvals span FY2017 to FY2024. Loan Analytics withholds the Rifle ceiling for loans never disbursed. Rifle lacks loans to support it. Rifle prints no charge-off figure at all. Fewer than 30 Rifle loans stand behind one, so Loan Analytics leaves it blank; that is not a zero. Every Rifle rate here is a floor, as open Rifle loans may move it. Rifle places projects by county name. Rifle loses loans lacking a placeable county. Rifle's members follow the July 2023 delineation. Rifle counts all approvals, named or not. For Rifle, a mountain-valley study should test seasonal demand, winter operating cost, construction cost at the larger tickets seen here and value from comparable sales. Rifle studies come from Loan Analytics. Rifle studies are signed by Daniel Smith, MAI.

SBA loans in the Rifle, CO Micro Area

Loans approved, FY2017 to FY2026	250
Gross dollars approved	$144.9 million
Median loan	$291,250
Middle half of loans, from	$100,000
Middle half of loans, to	$688,150
SBA 7(a) loans	199
SBA 504 loans	51
Franchise share of loans	6.0%
Rank among metro and micro areas by loans	272 of 928
Median loan against the national median	1.40x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	11.8%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA loans approved in the Rifle, CO Micro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	20	$5.5 million
FY2018	27	$6.1 million
FY2019	24	$6.9 million
FY2020	25	$14.2 million
FY2021	35	$28.1 million
FY2022	33	$19.6 million
FY2023	15	$5.4 million
FY2024	16	$8.2 million
FY2025	30	$34.0 million
FY2026	25	$17.0 million

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	182
Full-service restaurant	12
Limited-service restaurant	7
Liquor store	7
Hotel and motel	6
Fitness center	6

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
U.S. Bank, National Association	32	$6.2 million
Timberline Bank	29	$10.8 million
Wells Fargo Bank National Association	28	$5.0 million
Live Oak Banking Company	20	$21.0 million
The Huntington National Bank	11	$7.6 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Garfield County, CO	198
Pitkin County, CO	52

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-40090.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Rifle, CO Micro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Feasibility Study Data for the Rifle, CO Micro Area