Small Business Loans for Eastern Colorado
The Eastern Colorado Business Loan Program is an affordable, flexible and friendly loan program available to small businesses and nonprofits located in eastern Colorado counties who have been impacted by the COVID-19 pandemic and are interested in protecting jobs and investing / reinvesting in their communities in the short, medium and long term.
The program is open to eligible entities located in communities with populations of under 50,000 in: rural Adams County, rural Arapahoe County, Baca County, Bent County, Cheyenne County, Crowley County, rural El Paso County, Elbert County, Huerfano County, Kit Carson County, Kiowa County, Las Animas, Lincoln County, Logan County, Morgan County, Otero County, Phillips County, Prowers County, rural Pueblo County, Sedgwick County, Washington County, rural Weld County, and Yuma County.
Different loan amounts are available under this program and all are repayable over forty-eight months (four years) at a fixed interest rate of 3.00% with no repayments of principal or interest due during the first six months of the loan. An origination fee of 1.00% plus a $15 wire transfer fee will be withheld from loan proceeds when a loan funds. There are no upfront or other fees associated with this loan program and loans can be pre-paid in full or part at anytime without penalty.
- Up to $25,000 (Larger loans are available upon request although additional information will be required by the applicant)
- 3.00% fixed interest rate
- Four year terms
- No repayments of principal and interest for first six months
- Origination fee of 1% plus wire transfer of $15 will be withheld once loan funds
- No upfront or other fees
Once you've completed the application, please email it to [email protected].