The Advantage of Community Advantage
Many small businesses don’t quite qualify for conventional financing. As a result, community banks turn away potential clients who are then left with limited options, like being subjected to short-term loans at high interest rates, the inability to grow their business credit, or large amounts of personal credit card debt.
If you’re a small business owner…
The Colorado Lending Source Community Advantage loan program is designed to help you establish the track record needed to become a bankable small business. We’ve created a direct loan from $50,000 to $250,000 in financing, at a 9% interest rate, intended to give you momentum to eventually seek conventional financing options from your community bank in the future.
If you’re a banker…
The Colorado Lending Source Community Advantage loan program is intended to allow you to maintain the relationship you have with your small business customer. It is our goal to help get small businesses to a place where you feel comfortable lending. Think of the Community Advantage loan program as a stepping-stone for businesses to obtain conventional financing, even if that means refinancing our loan. Because to us, it’s really about the success of the small business and making it easier for our lending partners to lend.
Ready to explore this option?
Our Community Advantage loan program creates a win-win for both our community lending partners and small business owners.
If you’re a small business owner fill out the Loan Inquiry form at the bottom of the Community Advantage page.
If you’re a banker fill out the Lender Referral form at the bottom of the Lender Resources page.