Jefferson County saw a spike in SBA-backed lending in 2024, with 49 lenders issuing a total of $129.9 million in loans — up 45.8% from $89.1 million in 2023 — according to the 2025 Jeffco SBA Lenders List, based on data from the U.S. Small Business Administration. The sharp increase highlights growing economic momentum for the county’s small business sector.
Leading the charge is Newtek Bank, National Association, which topped the list with $13.6 million in loans — a notable 709.26% increase from its 2023 volume of $1.7 million. The bank now holds the top spot among SBA lenders in the region by loan volume.
Coming in close behind, The Huntington National Bank reported $12.9 million in SBA lending, while T Bank, National Association rounded out the top three with $10.3 million.
Other prominent lenders included Live Oak Banking Company, which issued $7.1 million in loans, and B:side Capital with $7.0 million. Among notable highlights, Bank of Hope made headlines for its impact on employment, reporting a 2,400% increase in jobs supported—up from just one job in 2023 to 25 in 2024.
The increase in loan activity points to a positive shift in the financial landscape for local businesses. SBA loans, often vital for small business growth and recovery, are enabling Jefferson County entrepreneurs to expand operations, hire more employees and invest in the future.