Community Banks of Colorado (SBA lending)

At a Glance

The four-names-one-charter desk of the mountain states: a buyer walking into Hillcrest or Bank of Jackson Hole is applying to this book without knowing it. Acquisition is named and approval stays in-house; bring the rate question, because the pages do not answer it.

Pricing

Custom Pricing, Loan products; no fee to engage. The SBA pages state the structure, up to $5,000,000 with terms to 25 years for commercial real estate and 10 for other purposes, and name the 7(a) a great fit for business acquisition. They publish no rates, and state a 10 to 20 percent down payment on the 504. The FOIA loan file places the charter fourth in Utah with 31 and fourth in Wyoming with 5 change-of-ownership loans across the file's six years, seats a buyer would meet as Hillcrest Bank and Bank of Jackson Hole rather than under the Colorado name.

Best For

Buyers across the mountain states who may know this desk as Hillcrest, Bank Midwest, or Bank of Jackson Hole, and want in-house SBA approval with acquisition named on the page

Track Record

Fourth in Utah with 31 and fourth in Wyoming with 5 change-of-ownership loans across the file's six years, seats a buyer meets as Hillcrest Bank and Bank of Jackson Hole.

Type

Bank (lends directly)

Footprint

One NBH Bank charter under four brands, Community Banks of Colorado, Bank Midwest, Hillcrest Bank, and Bank of Jackson Hole; every location it publishes is in Colorado, and the sister names carry the rest. It lends beyond the states it names, so one it does not name is worth asking about rather than ruling out.

Approval Authority

Says it holds SBA Preferred Lender status, so it can approve the loan itself rather than sending the file to the agency for a second look.

Deal Size

$500k to $5M.

Publishes no floor. Most of this shelf gives a ceiling that is really the agency's own cap, and no minimum at all.

Searcher Practice

A general SBA lending desk, branch-driven.

Published Terms

7(a) to $5 million, 25 years on real estate and 10 on other purposes, acquisition named a fit; a 10 to 20 percent 504 down payment and no rates published.

Roadmap Stages

3. Set Up & Fund the Search5. Diligence & Close the Deal

Pros and Cons

What Searchers Say

The Preferred Lender designation, in-house approval, the acquisition fit, the structure, and the four-brand family are its own pages'. The FOIA loan file independently places the charter fourth in Utah and fourth in Wyoming for change-of-ownership loans across the file's six years. The file keys it by the NBH division name, and the brand map is what connects those seats to the desks a buyer actually meets.

How to Approach

Community Banks of Colorado (SBA lending) is a bank, so this is how that kind of lender comes in, what it weighs, and how to arrive ready.

The Typical Arc

1. A prequalification on you and the target, often from the first email.
2. A full application and the bank's own underwrite of the deal.
3. A term sheet, then closing on the SBA's timeline, commonly two to four months.

What It Weighs

• ✓Whether the business's cash flow covers the debt with room to spare.
• ✓Your experience relative to the business you are buying.
• ✓Your equity injection and how clean the financials are.

How to Prepare

• Model the payment and coverage before you call. SBA Acquisition Calculator
• Underwrite the specific deal end to end. Underwrite a Deal
• Show where every dollar comes from and goes. Sources & Uses Builder

More SBA & Acquisition Lenders