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Best Small Business Loans in Denver, CO

Nov. 19, 2019, 10:57 p.m.

Owning a business is a dream for many people, but it often can’t be reached without help from a business loan. A business loan can fund the cost of materials, rent, marketing, salaries and other expenses. Business loans can also help existing businesses purchase new equipment or expand. Our partners at ConsumerAffairs researched the best business loans in Denver to help you start or grow your business.

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#1
RECOMMENDED
Seek Business Capital

Startup Consulting • Business Services

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#1 MOST POPULAR
Seek Business Capital
Seek Business Capital
Features
  • Funds start-ups & small business
  • Offers mortgage lending services
  • Available in Denver
  • Same day funding
Read More
#2
Imperial Advance
Imperial Advance
Features
  • Variety of financing options
  • Get funding in 24 hours
  • Available in Denver
  • A+ BBB Rating
Read More
VISIT WEBSITE
CALL IMPERIAL ADVANCE
(888) 633-2083
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#3
National Business Capital
National Business Capital
Features
  • A+ BBB rating
  • Approval in 24 hours or less
  • Variety of financing options
  • Available in Denver
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#4
Colorado Enterprise Fund
Colorado Enterprise Fund
Features
  • Free business advising
  • Loans for veterans
  • 30-minute loan process
  • For non-traditional applicants
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Location
1888 Sherman St.,Ste. 530
Denver, CO 80203
(303) 860-0242
#5
Centennial Lending
Centennial Lending
Features
  • Flexible terms
  • Competitive rates
  • Online payments
  • Quick process
Read More
Location
4112 Kodiak Ct.
Longmont, CO 80504
(720) 494-2740
Colorado Lending Source
Colorado Lending Source
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • coloradolendingsource.org
Location
1441 18th St.
Denver, CO 80202
(303) 657-0010
Core Business Capital
Core Business Capital
Features
  • M-F: 7am - 6pm
  • Closed Sat and Sun
  • corebusinesscapital.com
Location
999 18th St., Ste. 3000
Denver, CO 80202
(720) 222-3396
Colorado Business Bank
Colorado Business Bank
Features
  • M-F: 9am - 6pm
  • Closed Sat and Sun
  • cobizbank.com
Location
1401 Lawrence St., Ste. 1200
Denver, CO 80202
(303) 293-2265
Bank of Colorado
Bank of Colorado
Features
  • M-F: 8:30am - 5pm
  • Closed Sat and Sun
  • bankofcolorado.com
Location
1801 Broadway Ste. 100
Denver, CO 80202
(303) 308-0000
Bank of the West
Bank of the West
Features
  • M, W, F: 9am - 5pm
  • T, TH: 9am - 6pm
  • Sat: 9am - 12pm
  • Closed Sun
  • blsfunds.com
Location
1965 W 38th Ave.
Denver, CO 80211
(303) 218-2545

How to get a business loan in Denver

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Business loans in Denver can be used by a small business, larger business or start-up. There are various types of business loans, and the right one for your company will be based on your current business needs. Some of the most common types of business loans include:

Loan type Description
Term loan Borrowers receive a specified amount upfront for business costs. The loan is repaid on a determined schedule with interest.
SBA loan U.S. Small Business Administration (SBA) loans are partially guaranteed loans designed for small businesses. Learn more by contacting the Colorado District Office of the SBA.
Business lines of credit This works similar to a credit card, where borrowers can access any amount of money from a predetermined limit and only pay interest on that amount.
Invoice financing Borrowers use their company’s accounts receivables or unpaid invoices to secure the loan.
Equipment loan These funds are used to purchase equipment, and the equipment is used as collateral for the loan.

The application process and what determines if a borrower qualifies varies on the lender and type of loan. Some things that determine whether you are approved include:

  • The type and amount of industry experience the borrower has
  • The credit strength of the borrower
  • Whether the borrower has alternative income
  • The strength of the company’s business plan
  • Personal and business bank statements
  • Financial projections
  • Available collateral

The type of loan will also affect your repayment terms. In most cases, borrowers will make monthly installments to repay the loan plus interest. There could be other fees associated with a business loan, including origination fee, underwriting fees, closing costs and interest.

Seek Business Capital

Seek Business Capital

Seek Business Capital conducts the underwriting process quickly, and borrowers can expect an estimate within two hours. The company has a quick online application and offers unsecured loans. Customers in Denver say they appreciated the prompt, professional service, but some borrowers raise concerns about undisclosed fees.

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Imperial Advance

Imperial Advance

CALL IMPERIAL ADVANCE

(888) 633-2083 VISIT IMPERIAL ADVANCE

Imperial Advance provides no-obligation loan offers and financial consulting to help you decide which loan is best for you. Borrowers can expect funds deposited in their bank account in 24 hours. Customers in Denver report a smooth process that is guided by knowledgeable agents.

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National Business Capital

National Business Capital

National Business Capital offers a simple application which connects potential borrowers with more than 75 lenders that bid for the loan. The company provides options for small business loans, accounts receivable financing, business lines of credit and more. Reviews from Denver customers comment on the National Business Capital’s quick application process and friendly agents.

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Colorado Enterprise Fund

Colorado Enterprise Fund

Colorado Enterprise Fund is a nonprofit lender with a mission to help Colorado small business owners receive affordable loans and lines of credit. The nonprofit also offers free business advising while the loan is active. Customers in Denver say they love the helpful, efficient staff.

Centennial Lending

Centennial Lending

Centennial Lending works with credit union partners to provide flexible and competitive business loan terms. The company does everything in-house, including underwriting, processing, closing and servicing. Denver residents appreciate the lender’s prompt service and say the employees are easy to work with.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.