Best Good and Bad Credit Loans in Colorado, Payday Laws of February 2025

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Last Update: December 1, 2024 Loans By State
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Colorado’s Supervised Lenders Statute caps APRs on all installment loans administered throughout the state:

  • For unpaid balances ≤ of $1,000, APRs are capped at 36%.
  • For unpaid balances > $1,000 but ≤ $3,000, APRs are capped at 21%.
  • For unpaid balances > $3,000, APRs are capped at 15%; the lender also has the option to charge 21% on the entire unpaid balance.

Allowable monthly handling charges include:

  • $12.50 for loans $100 to $300.
  • $15 for loans $301 to $500.
  • $17.50 for loans $501 to $750.
  • $20 for loans $751 to $1,000.

As well, non-sufficient funds fees are capped at $25. And the lender can only charge a $15 late payment fee if the borrower is more than 10 days delinquent.

Best Bad Credit Loans in Colorado of February 2025

Amount:

$100 - $15,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 72 Months

Licensed in Colorado:

Yes

Amount:

$1,000 - $50,000

Min. Credit Score:

300

APR:

5.6% - 35.99%

Approval:

5 Minutes

Terms:

3 - 5 Years

Licensed in Colorado:

Yes

Amount:

$100 - $40,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Colorado:

Yes

Amount:

$100 - $15,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Colorado:

Yes

Amount:

$100 - $40,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Colorado:

Yes

Amount:

$200 - $5,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Colorado:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

< 1 Day

Terms:

12 - 120 Months

Licensed in Colorado:

Yes

Amount:

$1,000 - $35,000

Min. Credit Score:

580

APR:

5.99% - 35.99%

Approval:

< 1 Day

Terms:

90 Days - 72 Months

Licensed in Colorado:

Yes

If you have a problem with getting a loan, please read our complete guide on bad credit loans.

Best Personal Loans for Good Credit in Colorado of February 2025

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

4.99 - 35.99%

Approval:

1 Day

Terms:

12 - 120 months

Licensed in Colorado:

Yes

Amount:

$2,000 - $40,000

Min. Credit Score:

640

APR:

7.95% - 35.99%

Approval:

1 - 3 Days

Terms:

36 - 60 months

Licensed in Colorado:

Yes

Amount:

$1,000 – $100,000

Min. Credit Score:

0

APR:

4.99 - 35.99%

Approval:

1 Day

Terms:

12 - 120 months

Licensed in Colorado:

Yes

Amount:

$1,000 – $35,000

Min. Credit Score:

580

APR:

5.99% – 35.99%

Approval:

< 1 Day

Terms:

90 Days – 72 Months

Licensed in Colorado:

Yes

Amount:

$1,000 – $50,000

Min. Credit Score:

500

APR:

3.99% – 35.99%

Approval:

< 1 Day

Terms:

1 – 5 Years

Licensed in Colorado:

Yes

Amount:

$1,000 – $50,000

Min. Credit Score:

600

APR:

7.99% - 35.97%

Approval:

< 1 Day

Terms:

3 - 5 Years

Licensed in Colorado:

Yes

Amount:

$5,000 – $35,000

Min. Credit Score:

640

APR:

5.99% – 24.99%

Approval:

1 – 7 Days

Terms:

2 - 5 Years

Licensed in Colorado:

Yes

Amount:

$2,500-$35,000

Min. Credit Score:

660

APR:

6.99-24.99%

Approval:

1 Day

Terms:

24 - 84 Months

Licensed in Colorado:

Yes

Amount:

$7,500 - $40,000

Min. Credit Score:

680

APR:

6 - 15%

Approval:

1 - 7 Days

Terms:

36 - 84 months

Licensed in Colorado:

Yes

Payday Loan Laws in Colorado of February 2025

Maximum Loan Amount: $500

Minimum Loan Term: 180 days

Maximum Loan Term: Not Specified

Maximum Fee: $20 or $20 + 7.5%

Maximum APR: 36%

Rollovers: 1 per loan

Loan Limit: You can only have one payday loan at a time

Payday loans are legal in Colorado.

However, the Deferred Deposit Act mandates that lenders cap their APRs at 36%. The maximum loan amount is $500, and the terms have a 180-day minimum. Rollovers are allowed, but only 1 per loan. As well, lenders can refinance payday loans into installment loans.

  • For loans < $300, the maximum finance charge is $20.
  • For loans > $300, the lender can charge $20 + 7.5% for each additional $100 borrowed.

Lenders are also permitted to charge a maximum non-sufficient funds fee of $25.

Payday Loan Laws in Colorado by Country of February 2025

ElitePersonalFinance analysis of payday loan laws by countries in the State of Colorado.

City: Amount Allowed: APR Allowed: Status:
Denver $500 214% Legal
Colorado Springs $500 214% Legal
Aurora $500 214% Legal
Fort Collins $500 214% Legal
Lakewood $500 214% Legal
Thornton $500 214% Legal
Arvada $500 214% Legal
Westminster $500 214% Legal
Pueblo $500 214% Legal
Centennial $500 214% Legal
Boulder $500 214% Legal
Highlands Ranch $500 214% Legal
Greeley $500 214% Legal
Longmont $500 214% Legal
Loveland $500 214% Legal
Broomfield $500 214% Legal
Grand Junction $500 214% Legal
Castle Rock $500 214% Legal
Commerce City $500 214% Legal
Parker $500 214% Legal
Littleton $500 214% Legal
Brighton $500 214% Legal
Northglenn $500 214% Legal
Security-Widefield $500 214% Legal
Dakota Ridge $500 214% Legal
Englewood $500 214% Legal
Ken Caryl $500 214% Legal
Pueblo West $500 214% Legal
Wheat Ridge $500 214% Legal
Fountain $500 214% Legal
Lafayette $500 214% Legal
Windsor $500 214% Legal
Columbine $500 214% Legal
Erie $500 214% Legal
Golden $500 214% Legal
Louisville $500 214% Legal
Clifton $500 214% Legal
Evans $500 214% Legal
Sherrelwood $500 214% Legal
Montrose $500 214% Legal
Durango $500 214% Legal
Cimarron Hills $500 214% Legal
Cañon City $500 214% Legal
Welby $500 214% Legal
Greenwood Village $500 214% Legal
Fort Carson $500 214% Legal
Johnstown $500 214% Legal
Black Forest $500 214% Legal
Lone Tree $500 214% Legal
Sterling $500 214% Legal
Fruita $500 214% Legal
Firestone $500 214% Legal
Superior $500 214% Legal
Steamboat Springs $500 214% Legal
Federal Heights $500 214% Legal
Cherry Creek $500 214% Legal
Frederick $500 214% Legal
Berkley $500 214% Legal
The Pinery $500 214% Legal
Fort Morgan $500 214% Legal
Castle Pines $500 214% Legal
Edwards $500 214% Legal
Glenwood Springs $500 214% Legal
Gunbarrel $500 214% Legal
Alamosa $500 214% Legal
Rifle $500 214% Legal
Stonegate $500 214% Legal
Roxborough Park $500 214% Legal
Woodmoor $500 214% Legal
Derby $500 214% Legal
Redlands $500 214% Legal
Craig $500 214% Legal
Delta $500 214% Legal
Fairmount $500 214% Legal
Cortez $500 214% Legal
Evergreen $500 214% Legal
Wellington $500 214% Legal
Applewood $500 214% Legal
Trinidad $500 214% Legal
Fort Lupton $500 214% Legal
Fruitvale $500 214% Legal
Lamar $500 214% Legal
Twin Lakes CDP $500 214% Legal
Woodland Park $500 214% Legal
Aspen $500 214% Legal
Gypsum $500 214% Legal
Monument $500 214% Legal
Gleneagle $500 214% Legal
La Junta $500 214% Legal
Eagle $500 214% Legal
Milliken $500 214% Legal
Carbondale $500 214% Legal
Air Force Academy $500 214% Legal
Orchard Mesa $500 214% Legal
Cherry Hills Village $500 214% Legal
Avon $500 214% Legal
Berthoud $500 214% Legal
Gunnison $500 214% Legal
Estes Park $500 214% Legal
Sheridan $500 214% Legal
Lochbuie $500 214% Legal
Stratmoor $500 214% Legal
Salida $500 214% Legal
Dove Valley $500 214% Legal
Vail $500 214% Legal
Shaw Heights $500 214% Legal
Brush $500 214% Legal
Edgewater $500 214% Legal
Manitou Springs $500 214% Legal
Dacono $500 214% Legal
Glendale city $500 214% Legal
Eaton $500 214% Legal
Breckenridge $500 214% Legal
New Castle $500 214% Legal
Battlement Mesa $500 214% Legal
Castle Pines Village $500 214% Legal
West Pleasant View $500 214% Legal
Silverthorne $500 214% Legal
Mead $500 214% Legal
Todd Creek $500 214% Legal
Severance $500 214% Legal
Monte Vista $500 214% Legal
El Jebel $500 214% Legal
Niwot $500 214% Legal
Basalt $500 214% Legal
Florence $500 214% Legal
Rocky Ford $500 214% Legal
Genesee $500 214% Legal
Burlington $500 214% Legal
Ponderosa Park $500 214% Legal
Meridian $500 214% Legal
Yuma $500 214% Legal
Lincoln Park $500 214% Legal
Silt $500 214% Legal
Frisco $500 214% Legal
Orchard City $500 214% Legal

Car Title Loans in Colorado of February 2025

Car title loans are illegal in Colorado.

Despite that, lenders use auto pawn loans as a means to skirt the law. You have to pass the title to the lender with car title loans when you take out the loan. With auto pawn loans, you leave both your car and title with the lender. The financier then houses your car and releases it once you repay the loan. If you don’t repay the loan, the lender keeps your car.

The two products are extremely similar, but the small technicality has them subject to different regulations.

Best Auto Loans for Bad Credit in Colorado of February 2025

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Colorado:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Colorado:

Yes

Amount:

Up to $100,000

Min. Credit Score:

0

APR:

Vary

Licensed in Colorado:

Yes

Amount:

Up to $100,000

Min. Credit Score:

0

APR:

Vary

Licensed in Colorado:

Yes

Amount:

Up to $100,000

Min. Credit Score:

0

APR:

Vary

Licensed in Colorado:

Yes

Amount:

$8,000 - $100,000

Min. Credit Score:

500

APR:

2.74% - 27%

Licensed in Colorado:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

500

APR:

From 3.09%

Licensed in Colorado:

Yes

Amount:

$250 - $500,000

Min. Credit Score:

640

APR:

2.99% - 21.99%

Licensed in Colorado:

Yes

Amount:

$1,500 - $20,000

Min. Credit Score:

0

APR:

18.00% - 35.99%

Licensed in Colorado:

Yes

Amount:

$1,000 - $45,000

Min. Credit Score:

0

APR:

From 0.99%

Licensed in Colorado:

Yes

Amount:

$1,000 - $35,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Colorado:

Yes

Amount:

$7,500 - $50,000

Min. Credit Score:

500

APR:

From 3.39%

Licensed in Colorado:

Yes

Amount:

$5,000 – $55,000

Min. Credit Score:

510

APR:

3.99% - 24.99%

Licensed in Colorado:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

3.90% - 27.90%

Licensed in Colorado:

Yes

Best Auto Loans for Good Credit in Colorado of February 2025

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Colorado:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Colorado:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

500

APR:

From 3.09%

Licensed in Colorado:

Yes

Amount:

$250 - $500,000

Min. Credit Score:

640

APR:

2.99% - 21.99%

Licensed in Colorado:

Yes

Amount:

$5,000-$100,000

Min. Credit Score:

660

APR:

4.99% to 9.19%

Licensed in Colorado:

Yes

Amount:

$7,500 - $50,000

Min. Credit Score:

500

APR:

From 3.39%

Licensed in Colorado:

Yes

Amount:

$8,000 - $100,000

Min. Credit Score:

500

APR:

2.74% - 27%

Licensed in Colorado:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

3.90% - 27.90%

Licensed in Colorado:

Yes

Amount:

$3,000 - $100,000

Min. Credit Score:

650

APR:

From 3.12%

Licensed in Colorado:

Yes

Amount:

$5,000 - $100,000

Min. Credit Score:

640

APR:

From 3.54%

Licensed in Colorado:

Yes

Amount:

$5,000 – $55,000

Min. Credit Score:

510

APR:

3.99% - 24.99%

Licensed in Colorado:

Yes

Amount:

$5,000 - $100,000

Min. Credit Score:

600

APR:

3.54% - 10.24%

Licensed in Colorado:

Yes

Amount:

$1,500 - $20,000

Min. Credit Score:

0

APR:

18.00% - 35.99%

Licensed in Colorado:

Yes

Credit Unions in Colorado of February 2025

Name: APR: Amount:
Ent Credit Union 7.49% – 17.9% Varies
Partner Colorado Credit Union 12% – 18% $1,200 – $25,000+

Ent Credit Union

At Ent Credit Union, you can opt for a personal loan or a personal line of credit. No collateral is required, and personal loans offer repayment terms that range from 48 to 72 months. With its credit line, minimum monthly payments can be as low as 2% of the outstanding balance.

While loan amounts vary by the borrower, Ent’s APRs look like this:

  • Revolving Personal Line Of Credit: 9.9% to 17.9%.
  • 48-Month Personal Loan: 7.49% to 16.15%.
  • 60-Month Personal Loan: 7.49% to 16.85%.
  • 72-Month Personal Loan: 8.39% to 17.3%.

Ent Credit Union operates more than 35 branches in Colorado, with locations in Colorado Springs, Castle Rock, Woodland Park, Pueblo West, and many others.

Partner Colorado Credit Union

With three options to choose from, Partner Colorado Credit Union offers personal loans that can be used for almost any situation:

  • Everything Loans are unsecured installment loans of $1,200. You repay the proceeds over 12 months, and APRs range from 12% to 18%. As the name suggests, Everything Loans can be used for almost any short-term expense.
  • Signature Loans are also unsecured, but you can borrow upwards of $25,000 and repay the funds in up to 36 months. The APRs ranges from 12.25% to 18%. Signature loans are best used for large expenses or debt consolidation.
  • Savings Secured Loans allow you to use your savings, CD, or Money Market balance as collateral for the loan. Because loans are secured, there is no limit to the amount you can borrow. Closed-End Loans have a variable APR of 3% + the yield on your savings instrument. Terms are 12 months only, but you can refinance at the end of the period. The Open-End option is revolving, similar to a line of credit. The APR is also variable at 1% + the yield on your savings instrument.

Partner Colorado operates 6 branches across Colorado, with locations in Arvada, Aurora, Littleton, Denver, and others.

All Licensed Credit Unions in Colorado of February 2025

Name: City: Size (Millions): Members:
ENT FEDERAL CREDIT UNION Salida $3,417.89 209927
BELLCO CREDIT UNION Greenwood Village $2,069.71 198302
PUBLIC SERVICE EMPLOYEES CREDIT UNION Denver $1,114.81 130765
ELEVATIONS CREDIT UNION Boulder $1,146.51 95167
CREDIT UNION OF COLORADO Denver $988.60 90783
WESTERRA CREDIT UNION Denver $1,192.01 81438
CREDIT UNION OF DENVER Lakewood $536.23 50287
AIR ACADEMY FEDERAL CREDIT UNION Salida $423.71 42761
PREMIER MEMBERS FEDERAL CREDIT UNION Boulder $402.02 35812
SOOPER CREDIT UNION Arvada $246.29 32014
DENVER COMMUNITY CREDIT UNION Denver $222.90 29766
PARTNER COLORADO CREDIT UNION Arvada $221.61 23767
MINNEQUA WORKS CREDIT UNION Pueblo $159.28 21938
BOULDER VALLEY CREDIT UNION Boulder $241.66 19020
AVENTA CREDIT UNION Colorado Springs $134.99 18102
RED ROCKS CREDIT UNION Highlands Ranch $210.45 16337
SPACE AGE FEDERAL CREDIT UNION Aurora $100.30 15338
WESTERN ROCKIES FEDERAL CREDIT UNION Grand Junction $103.56 14676
COORS CREDIT UNION Golden $138.67 14121
FITZSIMONS FEDERAL CREDIT UNION Aurora $157.67 13801
COMMUNITY FINANCIAL CREDIT UNION Broomfield $126.07 11712
POWER CREDIT UNION Pueblo $79.14 11395
SUNWEST EDUCATIONAL CREDIT UNION Pueblo $98.09 10761
ROCKY MOUNTAIN LAW ENFORCEMENT FEDERAL CREDIT UNION Denver $150.16 10261
CREDIT UNION OF THE ROCKIES Golden $80.03 9847
ARAPAHOE CREDIT UNION Centennial $85.95 9632
PIKES PEAK CREDIT UNION Colorado Springs $66.42 8754
STERLING FEDERAL CREDIT UNION Sterling $105.64 8736
COLORADO CREDIT UNION Littleton $101.77 8573
COLORAMO FEDERAL CREDIT UNION Grand Junction $66.37 8058
HORIZONS NORTH CREDIT UNION Northglenn $70.20 8034
MEMBERS FEDERAL CREDIT UNION Aurora $75.51 7913
AURORA SCHOOLS FEDERAL CREDIT UNION Aurora $93.32 7373
BOULDER MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION Boulder $56.27 6896
WELD SCHOOLS CREDIT UNION Greeley $54.01 6692
WHITE CROWN FEDERAL CREDIT UNION Denver $53.17 6631
FOOTHILLS CREDIT UNION Lakewood $56.31 6615
NUVISTA FEDERAL CREDIT UNION Montrose $79.24 6229
DENVER FIRE DEPARTMENT FEDERAL CREDIT UNION Denver $122.40 5751
NORTHWEST UNITED FEDERAL CREDIT UNION Arvada $70.59 5654
COMMUNITY CHOICE CREDIT UNION Commerce City $36.20 4916
METRUM COMMUNITY CREDIT UNION Centennial $49.23 4815
GRAND JUNCTION FEDERAL CREDIT UNION Grand Junction $49.94 4752
RIO GRANDE FEDERAL CREDIT UNION Grand Junction $44.50 4611
DELTA COUNTY FEDERAL CREDIT UNION Delta $38.05 4158
WESTMINSTER FEDERAL CREDIT UNION Westminster $30.68 3903
PUEBLO HORIZONS FEDERAL CREDIT UNION Pueblo $26.80 3858
COLLEGE CREDIT UNION OF GREELEY Greeley $42.10 3817
SOUTHWEST COLORADO FEDERAL CREDIT UNION Durango $35.23 3721
PUEBLO GOVERNMENT AGENCIES FEDERAL CREDIT UNION Pueblo $25.14 3693
ST. JOSEPH CREDIT UNION Salida $20.95 3674
ELECTRICAL FEDERAL CREDIT UNION Arvada $29.21 3614
COLUMBINE FEDERAL CREDIT UNION Centennial $45.14 3435
ARKANSAS VALLEY FEDERAL CREDIT UNION Las Animas $11.01 3200
SAGUACHE COUNTY CREDIT UNION Moffat $17.03 3185
SAN JUAN MOUNTAINS CREDIT UNION Montrose $23.32 2996
B.C.S. COMMUNITY CREDIT UNION Wheat Ridge $25.41 2950
PORTER FEDERAL CREDIT UNION Denver $23.98 2923
HOLYOKE COMMUNITY FEDERAL CREDIT UNION Holyoke $30.84 2921
PEOPLES CREDIT UNION Springfield $38.71 2603
YUMA COUNTY FEDERAL CREDIT UNION Yuma $27.32 2499
FELLOWSHIP CREDIT UNION Lamar $12.07 2368
GUADALUPE PARISH CREDIT UNION Antonito $18.28 2253
SCHOOL DISTRICT 3 FEDERAL CREDIT UNION Crawford $18.56 2094
WEST DENVER COMMUNITY CREDIT UNION Denver $8.56 2093
ST. MARY CREDIT UNION Walsenburg $8.67 2018
HEALTHONE FEDERAL CREDIT UNION Denver $9.82 1837
BIG THOMPSON FEDERAL CREDIT UNION Loveland $12.91 1824
ONE THIRTEEN CREDIT UNION Colorado Springs $9.10 1824
JEFFCO FEDERAL CREDIT UNION Golden $16.24 1777
JUNCTION BELL FEDERAL CREDIT UNION Woodland $19.06 1713
HARRISON DISTRICT NO 2 FEDERAL CREDIT UNION Colorado Springs $12.07 1706
RIO GRANDE OPERATING CREDIT UNION Denver $7.20 1542
OTERO COUNTY TEACHERS FEDERAL CREDIT UNION La Junta $3.80 1319
STAR TECH FEDERAL CREDIT UNION Greenwood Village $7.90 1317
TRINITY CREDIT UNION Trinidad $3.57 1213
BLUE SPRUCE FEDERAL CREDIT UNION Lakewood $5.42 1193
D C CREDIT UNION Denver $7.17 1178
LAMAR CIVIC FEDERAL CREDIT UNION Lamar $5.51 1166
VALLEY EDUCATORS CREDIT UNION Alamosa $5.81 1086
CO-NE FEDERAL CREDIT UNION Julesburg $3.48 1055
F C I FEDERAL CREDIT UNION Littleton $6.10 1002
MOFFAT COUNTY SCHOOLS FEDERAL CREDIT UNION Craig $5.60 992
SMW NO 9 FEDERAL CREDIT UNION Denver $2.85 919
ROUTT SCHOOLS FEDERAL CREDIT UNION Steamboat Springs $4.55 876
LEGAL COMMUNITY CREDIT UNION OF COL Littleton $3.66 819
RIO BLANCO SCHOOLS FEDERAL CREDIT UNION Rangely $3.99 686
ENGLEWOOD MUNICIPAL FEDERAL CREDIT UNION Englewood $3.42 685
GUNNISON WESTERN FEDERAL CREDIT UNION Gunnison $4.05 673
I. U. O. E. #9 CREDIT UNION Denver $2.83 644
FORT MORGAN SCHOOLS FEDERAL CREDIT UNION Fort Morgan $5.06 634
HAXTUN COMMUNITY FEDERAL CREDIT UNION Haxtun $3.72 537
MAPLETON PUBLIC SCHOOLS FEDERAL CREDIT UNION Denver $1.91 428
ASHOKA CREDIT UNION Boulder $2.49 375
AKRON FEDERAL CREDIT UNION Akron $0.81 344
WEDENEM CREDIT UNION Denver $1.43 343
ST. MICHAELS FEDERAL CREDIT UNION Craig $0.80 256
OLATHE FEDERAL CREDIT UNION Olathe $0.59 252
EATON EMPLOYEES FEDERAL CREDIT UNION Denver $0.41 134

Student Loans in Colorado of February 2025

As a Colorado resident, you can take advantage of state-level programs to help decrease your education cost.

Colorado Student Grant

As a needs-based scholarship, the Colorado Student Grant provides up to $5,000 per year to cover tuition, books, housing, and other financial necessities.

To qualify, you must:

  • Be a resident of Colorado.
  • Enroll in an eligible program at a partner institution.
  • Not have defaulted on any other student loans.
  • Meet academic requirements.

Colorado College Responsibilities Grant (CCGR)

Offering up to $600 per semester, the Colorado College Responsibilities Grant provides funding to undergraduate students who have yet to earn a bachelor’s degree. You need to be a resident of Colorado to qualify, and the Colorado General Assembly funds proceed.

Federal Housing Administration (FHA) Loans in Colorado of February 2025

To qualify for an FHA loan in Colorado, you need to make a down payment of at least 3.5%. You also need a credit score of at least 500, but 580 is required to qualify for the minimum 3.5% down payment. You also need a debt-to-income ratio that doesn’t exceed roughly 43% to 50%.

In Colorado, FHA loan limits are different across counties. 1-bedroom units qualify for the lowest mortgage amount, while 4-bedroom units qualify for the highest mortgage amount.

Here is a breakdown by county:

County: Single Unit Limit (lowest): Four-Plex Limit (highest):
Adams County $575,000 $1,105,800
Alamosa County $331,760 $638,100
Arapahoe County $575,000 $1,105,800
Archuleta County $331,760 $638,100
Baca County $331,760 $638,100
Bent County $331,760 $638,100
Boulder County $644,000 $1,238,500
Broomfield County $575,000 $1,105,800
Chaffee County $369,150 $709,900
Cheyenne County $331,760 $638,100
Clear Creek County $575,000 $1,105,800
Conejos County $331,760 $638,100
Costilla County $331,760 $638,100
Crowley County $331,760 $638,100
Custer County $331,760 $638,100
Delta County $331,760 $638,100
Denver County $575,000 $1,105,800
Dolores County $331,760 $638,100
Douglas County $575,000 $1,105,800
Eagle County $765,600 $1,472,550
El Paso County $356,500 $685,550
Elbert County $575,000 $1,105,800
Fremont County $331,760 $638,100
Garfield County $765,600 $1,472,550
Gilpin County $575,000 $1,105,800
Grand County $473,800 $911,150
Gunnison County $371,450 $714,350
Hinsdale County $427,800 $822,700
Huerfano County $331,760 $638,100
Jackson County $331,760 $638,100
Jefferson County $575,000 $1,105,800
Kiowa County $331,760 $638,100
Kit Carson County $331,760 $638,100
La Plata County $422,050 $811,650
Lake County $331,760 $638,100
Larimer County $454,250 $873,550
Las Animas County $331,760 $638,100
Lincoln County $331,760 $638,100
Logan County $331,760 $638,100
Mesa County $331,760 $638,100
Mineral County $331,760 $638,100
Moffat County $331,760 $638,100
Montezuma County $331,760 $638,100
Montrose County $425,500 $818,250
Morgan County $331,760 $638,100
Otero County $331,760 $638,100
Ouray County $425,500 $818,250
Park County $575,000 $1,105,800
Phillips County $331,760 $638,100
Pitkin County $765,600 $1,472,550
Prowers County $331,760 $638,100
Pueblo County $331,760 $638,100
Rio Blanco County $331,760 $638,100
Rio Grande County $331,760 $638,100
Routt County $638,250 $1,227,400
Saguache County $331,760 $638,100
San Juan County $331,760 $638,100
San Miguel County $765,600 $1,472,550
Sedgwick County $331,760 $638,100
Summit County $722,200 $1,388,850
Teller County $356,500 $685,550
Washington County $331,760 $638,100
Weld County $404,800 $778,450
Yuma County $331,760 $638,100

As you can see, the lowest FHA loan offers $314,827 in 37 counties. The highest offers of $1,397,400 can be found at Eagle, Garfield, Pitkin, and San Miguel.

Business Loans in Colorado of February 2025

If you’re looking to expand your business or need capital to help with day-to-day expenses, the online lenders below are a great place to start:

Amount:

Up to $10,000,000

APR:

Vary

Min. Credit Score:

0

Licensed in Colorado:

Yes

Amount:

$5,000 - $500,000

APR:

9.77% - 35.98%

Min. Credit Score:

600

Licensed in Colorado:

Yes

Amount:

$5,000 - $500,000

APR:

5.99% – 35.99%

Min. Credit Score:

500

Licensed in Colorado:

Yes

Amount:

Up to $250,000

APR:

24% – 99%

Min. Credit Score:

560

Licensed in Colorado:

Yes

Amount:

Up to $350,000

APR:

9.28 - 10.52%

Min. Credit Score:

650

Licensed in Colorado:

Yes

Amount:

Up to $350,000

APR:

10.00 - 25.00%

Min. Credit Score:

680

Licensed in Colorado:

Yes

Amount:

$75,000 - $5,000,000

APR:

5.50 - 8.25%

Min. Credit Score:

650

Licensed in Colorado:

Yes

Amount:

Up to $500,000

APR:

12.18 - 36.00%

Min. Credit Score:

660

Licensed in Colorado:

Yes

Amount:

Up to $500,000

APR:

9.00 - 99.00%

Min. Credit Score:

600

Licensed in Colorado:

Yes

Amount:

Up to $5,000,000

APR:

15.00 - 78.00%

Min. Credit Score:

600

Licensed in Colorado:

Yes

Amount:

Up to $1,000,000

APR:

Vary

Min. Credit Score:

0

Licensed in Colorado:

Yes

Amount:

$6,000 to $250,000

APR:

Vary

Min. Credit Score:

0

Licensed in Colorado:

Yes

However, if you prefer a local touch, the lenders below are based in Colorado and offer flexible loan options that can meet all of your business needs:

Colorado Lending Source

Providing an economic opportunity to diverse businesses across the state, Colorado Lending Source offers General Business Loans for various operating purposes.

You can borrow anywhere from $25,000 to $5 million, and loans can be used to fund working capital, purchase machinery, make an acquisition, and other general business purposes. To qualify, the business must be valued at less than $15 million and have an after-tax profit of less than $5 million (averaged over two years).

Maximum fixed interest rates look like this:

  • For loans ≤ of $25,000, interest rates are capped at 13.5%.
  • For loans > $25,000 but ≤ $50,000, interest rates are capped at 12.5%.
  • For loans > $50,000 but ≤ $250,000, interest rates are capped at 11.5%.
  • For loans > $250,000, interest rates are capped at 10.5%.

You can visit Colorado Lending Source at its Denver office located at: 1441 18th Street, Suite 100, Denver CO 80203. You can also call them at 1-303-657-0010 or email them at info@coloradolendingsource.org.

Colorado Enterprise Fund

The Colorado Enterprise Fund supports small businesses across the state, offering loans that range from a few thousand to upwards of $500,000. However, APRs vary by the borrower.

  • The Dream Big Micro Loan allows you to borrow anywhere from $1,000 to $50,000. Terms extend up to 7 years, and funds can be used for working capital, equipment purchases, property upgrades, or other operating purposes.
  • The Step Up Loan provides anywhere from $50,000 to $500,000, and terms extend up to 10 years.
  • The Healthy Foods Loan is designed specifically for businesses producing and selling fresh food across Colorado. You can borrow anywhere from $1,000 to $500,000, and special terms are available to businesses serving low-income areas.
  • The VALOR Loan provides financing to veterans and Gold Star families across Colorado. Loans range from $1,000 to $500,000, and terms extend up to 10 years. Interest-only periods and discounted rates are available.
  • The SBA Community Advantage Loan is for borrowers who don’t qualify for funding from traditional banks. Loans range from $50,000 to $250,000, and terms extend up to 10 years for working capital or equipment and 25 years for real estate. However, APRs are variable.
  • The Great Asset Partner (GAP) Loan provides financing through its partner banks. You can borrow anywhere from $1,000 to $500,000, and terms extend up to 25 years.
  • The Commercial Real Estate Loan is used for Colorado property purchases. Loans range from $50,000 to $500,000, and terms extend up to 7 years.
  • The Just In TimeLine of Credit (LOC) is used to support working capital needs. You have access to anywhere from $15,000 to $100,000, and terms extend up to 2 years. The funds are best for seasonal demand and to mitigate cash flow issues.

You can get in touch with the Colorado Enterprise Fund by filling out its website’s contact form.

Conclusion

Colorado sets a great example by capping its APRs at 36%. Nearly identical to personal loans, the rate ensures Colorado borrowers receive reliable financing at an affordable rate. And while payday loans are legal in the state, they also have to play by the same rules. APRs cannot exceed 36%, and the law is used to protect borrowers from predatory lending practices and keep them from falling into a cycle of debt. Conversely, car title loans are illegal in Colorado. Lenders are prohibited from offering a loan in exchange for your title. However, lenders skirt the law by offering pawnshop loans. The technicality allows them to provide Colorado residents with a similar product, albeit still subject to the state’s 36% APR cap.

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