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Colorado Lending Source | Apr. 28, 2021

Microloans up to $50,000 for Eligible Businesses

In partnership with the Office of Economic Development & International Trade, Colorado Department of Local Affairs, Colorado Enterprise Fund and Region 9 Economic Development, we have launched the Colorado Revolving Loan Fund. The program is open to ALL eligible existing businesses and nonprofits located in Colorado who meet the criteria below.

Priority groups include: Minority-owned, Native American or Tribal-owned, Immigrant-owned, Disabled-owned, Women-owned, Veteran-owned, Employee Ownership & Business Transition, Business located in Low Income Communities, Opportunity Zones and Rural-Based Communities. 

Loan Details:

  • Up to $50,000
  • Wall Street Journal Prime + 2.00% fixed interest rate
  • Five or Seven year term
  • Origination fee of up to 4% plus wire transfer of $15 will be withheld once loan funds
  • No upfront or other fees
  • No prepayment penalty
  • Loan must create or retain one job for every $25,0000 in loan funds received

Once you've completed the application, please email it to [email protected]

Access Application Here

Colorado Revolving Loan Fund | Blog | Colorado Lending Source

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