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Bank of Colorado

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Description

Bank of Colorado offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides access to various SBA loan programs, including the popular 7(a) loan program, to help clients secure funding up to substantial amounts, such as recent approvals reaching nearly $1.9 million. Their team of experienced lenders works closely with borrowers to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. Located in Fort Collins, Colorado, the bank combines local expertise with national lending capabilities, making it a reliable partner for business owners across the region and beyond. Whether you are looking to finance real estate, equipment, or working capital, Bank of Colorado aims to support your business ambitions with flexible terms and dedicated customer service.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.9
Google Review Count
78
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loan programs to help small and medium-sized businesses secure financing for various needs, including growth, real estate, and equipment purchases. They provide personalized service and expert guidance throughout the lending process, making it easier for businesses to access the capital they need. Located in Fort Collins, Colorado, they serve clients across the region with a focus on supporting local business success.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a lender, but walk-in consultations may also be available depending on the branch"s hours and staffing. Contact the bank in advance to confirm availability and to prepare necessary documentation for your SBA loan application.
Question 3
What are the hours of operation?
Answer 3
The bank"s typical hours are Monday through Friday from 9:00 AM to 5:00 PM, but hours may vary by location. It is advisable to check with the Fort Collins branch directly or visit their website for specific hours and any holiday closures.
Question 4
Is there a fee to use this?
Answer 4
There are fees associated with SBA loans, including application fees, guarantee fees, and closing costs, which vary based on the loan amount and terms. These fees are disclosed upfront during the application process, ensuring transparency for borrowers.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners within its regional area, but eligibility for SBA loans depends on meeting specific credit and business criteria. Residency is not strictly required, but the business must operate within the bank"s supported geography and meet SBA program requirements.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally preferred, though higher scores may improve loan approval chances. Creditworthiness and overall financial health are also important factors in the underwriting process.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of submitted documentation. Working closely with the lender can help expedite the approval and funding timeline.
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