Term loan · Colorado Springs, CO
Business Term Loans in Colorado Springs, CO
Owners comparing business term loans in Colorado Springs often secure the loan with a lien on real estate or equipment, and El Paso County changed how it charges for that paperwork. Since July 1, 2025, the El Paso County Clerk and Recorder charges a flat $43 to record any document, including a deed of trust or mortgage, no matter how many pages it runs, under state law HB24-1269; the flat fee includes the $3 surcharge. UCC filings work differently: the county takes only real estate fixture filings, at $10 plus a $3 surcharge for one to two pages, $15 plus the surcharge for three or more pages, or $5 plus the surcharge if recorded electronically, while all other UCC filings, such as a lien on business equipment, go to the Colorado Secretary of State. For a term loan closing in Colorado Springs, that recording cost is small next to the loan itself, but it's one more line to budget at closing.
Check business eligibilityFunding specialists, not a lender. No approval guarantee.
Updated October 30, 2026
Decision guide
Business term loans in Colorado Springs: recording a lien now costs a flat $43
A good fit when
- A term loan whose closing costs already include the county's flat recording fee.
- Asking which liens the lender plans to record, and where, before closing.
- Budgeting the $43 flat fee the same way for a short deed as a long one.
- Checking whether a fixture filing is needed for equipment attached to the building.
Look elsewhere when
- Assuming per-page pricing still applies after July 1, 2025.
- Sending an equipment UCC-1 to the county instead of the Secretary of State.
- A quote that doesn't separate the lender's fees from the county's.
- Assuming a fixture filing falls under the $43 flat document fee.
| Item | Figure |
|---|---|
| El Paso County recording fee for the deed of trust (flat, any page count) | $43 |
| County fixture filing, 3 or more pages ($15 plus $3 surcharge) | $18 |
| $180,000 term loan over 84 months at 9.75% APR | About $2,965 a month |
Illustrative only, not an offer. Fees are set by the Clerk and Recorder and state law, not by Nowbiz or its lending partners. Equipment UCC-1s file with the Secretary of State, not the county.
Flat regardless of size
The county says documents are charged a flat $43 regardless of the number of pages or size; death certificates are exempt, and releases of deeds of trust go to the Public Trustee before recording.
Get every cost in writing
Colorado has no commercial-financing disclosure law like California’s or New York’s. Ask for the total repaid, fees, schedule and an annualized cost.
Official sources (checked October 22, 2026): El Paso County Clerk and Recorder: Recording Fees.
What a funding specialist adds. Nowbiz is a team of funding specialists, not a lender. It sizes term loan closing costs, including the county's recording fees, before comparing offers. The lender sets eligibility and terms.
Prepare
Documents that settle the decision
- Purchase agreement, lease or equipment list for the collateral
- Prior UCC filings, if any
- Two years of business tax returns
- Year-to-date profit and loss
- Three to six months of business bank statements
Local funding context
Why Colorado Springs, CO businesses consider business term loan
Colorado Springs is Colorado’s second-largest city, with an economy shaped by five military installations including Fort Carson, Peterson and Schriever Space Force Bases and the Air Force Academy, a large defense and aerospace contractor base, tourism around Pikes Peak and Garden of the Gods, healthcare through UCHealth and Centura, the U.S. Olympic and Paralympic Training Center, and a fast-growing construction trade serving population growth.
Defence subcontractors and government vendors factor invoices owed by prime contractors and agencies that pay in 30 to 90 days; roofing and construction companies finance equipment and vehicles and use lines to cover hail-season surges; tourism operators, restaurants and hotels use working capital across shoulder seasons; healthcare practices finance equipment; veteran-owned businesses are common and often qualify for SBA programs with fee relief.
Business term loan in local practice. In Colorado Springs, restaurants use term loans for buildouts, second locations and to consolidate advances into one predictable monthly payment; firms fund acquisitions, office moves and technology overhauls on fixed terms. Contractors use term loans for yards, shops, vehicle fleets and to fund growth in bonding capacity.
What to evaluate
- A set amount and repayment schedule
- Terms may range from months to several years
- Common uses include expansion, equipment, build-out, and refinancing
- Qualified files may compare favorably with higher-frequency short-term products
| Sector | Local driver | Products commonly considered |
|---|---|---|
| Defence and government vendors | Prime-contractor and agency payment terms | Factoring and lines of credit |
| Roofing and construction | Hail and snow cycles, equipment | Equipment financing and lines |
| Tourism and hospitality | Summer peak, shoulder seasons | Working capital and revenue-based products |
| Healthcare | Equipment, expansion | Equipment loans and SBA 7(a) |
Local numbers
Colorado Springs business and SBA lending figures
The Census Bureau counted 18,852 business locations with paid employees in El Paso County, which includes Colorado Springs, in its 2023 County Business Patterns, and 74% of them had fewer than 10 employees. Average annual payroll was $59,700 per employee across 267,012 jobs.
In the SBA's 2026 fiscal year (October 2025 through September 2026), 42 lenders approved 189 SBA 7(a) loans totaling $75.4 million for businesses in El Paso County, an average of $399,000 per loan. By number of loans, the most active were Newtek Bank, National Association (30 loans); Integrity Bank & Trust (26 loans) and U.S. Bank, National Association (18 loans). Certified development companies approved 26 SBA 504 loans totaling $31.3 million for real-estate and equipment projects there; the most active was B:Side Capital.
How to use these numbers: they describe the local market, not your odds. SBA figures count only loans the SBA guarantees, and a business is approved on its own revenue, credit and cash flow, whichever product it applies for, including business term loan. A lender that is already active in the county is a reasonable place to ask about SBA options before comparing faster, costlier products.
| Measure | El Paso County |
|---|---|
| Employer business locations (2023) | 18,852 |
| Share with fewer than 10 employees | 74% |
| SBA 7(a) loans approved, FY2026 | 189 ($75.4 million) |
| Lenders making SBA 7(a) loans here, FY2026 | 42 |
| SBA 504 loans approved, FY2026 | 26 ($31.3 million) |
Sources: U.S. Census Bureau, County Business Patterns 2023; U.S. Small Business Administration, 7(a) Lender and 504 CDC Activity Reports, FY2026 (data as of September 30, 2026, by project county). County figures include the whole county, not only Colorado Springs.
Local rules and help
What to check in Colorado before you apply
| Factor | Detail |
|---|---|
| SBA district office | Colorado: 721 19th St., Suite 426, Denver, CO 80202 |
| State minimum wage (payroll floor) | $15.16 an hour statewide, adjusted each year; Denver and some other localities set higher minimums |
Checked October 15, 2026 against official sources: Colorado Department of Labor and Employment: 2026 pay calculation order (minimum wage $15.16), SBA Colorado District Office. Confirm current rules before relying on them.
How it works
How a business term loan works
A business term loan delivers a single amount up front that your Colorado Springs company repays in fixed instalments, weekly or monthly, over a set term with a defined payoff date. Each payment combines principal and interest according to an amortisation schedule, so the balance falls predictably and the total cost is known at signing. That certainty is the product’s main advantage over revolving and revenue-linked structures.
The full guide to business term loan in Colorado covers the mechanics, the application review checklist, the timeline, best uses and watch-outs in depth.
Cost structure
Term loan cost explained with a $101,000 example
Compare the amount actually received with the interest, fees, payment frequency and total repayment. Check whether the rate can change and whether early repayment reduces cost. The smallest payment can mean a longer and more expensive commitment.
Hypothetical example for Colorado Springs, CO: using $101,000 and the rate and repayment assumptions stated in the table below gives payments between $3,165 and $5,158, and total repayment between $113,939 and $185,693. These are calculation scenarios, not published market rates or current offers. Additional fees are excluded.
Build the same comparison from a dated written offer. Include amounts deducted before funding, payment dates, additional charges and any balance due at the end. Test the cash remaining in a weaker month before choosing an amount. Provider approval and a manageable payment are separate questions.
Payment estimator
Estimate business term loan payments for a Colorado Springs, CO business
Illustrative business term loan figures for $101,000 using hypothetical rate assumptions. Actual offers depend on underwriting and the funding partner.
$4,096 per month and $147,467 in total payback (26.5% assumed annual interest; 36 months; fees excluded).
Hypothetical figures using the stated term or collection period. Fees are excluded. Revenue-based amounts are averages over an assumed period, not fixed payments.
| Scenario | Estimated payment | Total payback / customer settlement | Basis |
|---|---|---|---|
| Lower scenario input | $3,165 / month | $113,939 | 8.0% assumed annual interest; 36 months; fees excluded |
| Midpoint | $4,096 / month | $147,467 | 26.5% assumed annual interest; 36 months; fees excluded |
| Higher scenario input | $5,158 / month | $185,693 | 45.0% assumed annual interest; 36 months; fees excluded |
Secure eligibility check
Fast Funding Review
Share a few details about your Colorado Springs business and the business term loan amount you have in mind to start a confidential, no-obligation review. This step does not use a hard credit pull.
- No hard credit pull to apply
- Review and funding times vary by provider
- 5+ years in the industry
- Encrypted, private document handling
Documents
Documents for a business term loan
Prepare the records requested by the provider. Complete documents help the review but do not guarantee a decision or funding date.
- 6 months of business bank statements
- Most recent business tax return (two to three years for banks)
- Year-to-date profit-and-loss and balance sheet
- Business debt schedule listing every loan, lease and advance
- Government-issued ID and ownership details
- Personal tax return and financial statement for bank loans
Alternatives
Alternatives to a term loan in Colorado Springs, CO
Compare the products a Colorado Springs business is most likely to be offered alongside business term loan; each guide below sets out structure, timing, credit guidelines and uses side by side.
Common questions
Business term loan in Colorado Springs, CO: what owners ask
How long are business term-loan terms?
The repayment term is set by the product, use of funds and approved offer. Compare the repayment period with how long the investment will produce value, and check whether the stated amortization differs from a shorter maturity or balloon payment.
How should I compare a term loan with an MCA in Colorado Springs, CO?
Compare the cash actually received, total payments and fees, payment frequency, guarantees, security and early-exit terms. A factor rate is not an interest rate; use a consistent cost comparison and test both payment schedules against a weaker trading period.
How quickly may a term loan close in Colorado Springs, CO?
There is no single funding deadline for every provider. Ask for the expected review and disbursement dates after the file has been assessed, including any outstanding documents, verification and signing conditions. Do not commit to an expense on the assumption that an advertised fastest time applies to your request.
How do federal fiscal-year cycles affect business term loan for Colorado Springs defense subcontractors?
Contract awards and payments cluster around the September fiscal-year end, and prime contractors pay in 30 to 90 days. Factoring and lines of credit bridge those cycles, and lenders value the creditworthiness of prime-contractor receivables.
Why do Colorado Springs roofers and contractors use business term loan around hail season?
Summer hailstorms produce sudden surges in roofing, siding and repair work that require crews, materials and equipment before insurance payments arrive. Lines of credit and equipment financing let contractors scale up quickly and repay as claims settle.
Do veteran-owned businesses in Colorado Springs get special treatment for business term loan?
SBA programs offer fee relief and dedicated resources for veteran-owned businesses, and the city’s large military community means many local lenders are familiar with them. Private business term loan partners underwrite on the business itself, so the benefit is mainly in SBA-guaranteed options.