Creating jobs on Main Street, not Wall Street.

PLEASE NOTE: We are no longer accepting applications under the Colorado Main Street loan program for the remainder of 2020. Please check back with us in 2021.

The Colorado Main Street loan program is a character-based financing option available to small businesses who are unable to secure a conventional loan to start or grow their business. Loans range from $5,000 to $50,000 and can be used for a variety of business purposes specifically for underserved communities.

Funding for this loan program comes from a variety of sources including Colorado Lending Source, banks, foundations, private entities, investors, and government agencies. (Specifically, the U.S. Small Business Administration, U.S. Department of Agriculture, Office of Economic Development & International Trade, InBank, Guaranty Bank and Trust Company, Citywide Banks, Kenneth King Foundation, the City of Fort Collins, FirsTier Bank, The Women's Foundation, Gates Family Foundation and ZOMA Labs.)

ELIGIBILITY

Qualified borrowers can use Colorado Main Street loan funds for:

  • Start-up expenses
  • Working capital
  • Purchasing equipment, furniture, fixtures, inventory, vehicles (necessary to the operation of the business), leasehold improvements
  • Buying a business or franchise
  • Business debt refinancing

REQUIREMENTS

Can't get a bank loan? Find out if you are eligible to receive a Colorado Main Street loan by reviewing the criteria below.

  • The business must be located within Colorado
  • At least 51% of the business must be owned by a U.S. citizen or legal, permanent resident

APPLICATIONS

We are not currently accepting applications under the Colorado Main Street loan program. If you are a business that is interested in getting updates, please fill out this form or check back with us in 2021. 

RATES & FEES

Interest rates:

The Colorado Main Street loan program utilizes several funding sources, as a result, the interest rate varies from 3.00% to 8.75%. The maximum term of a Colorado Main Street loan is 8 years.

Current Wall Street Journal Prime interest rate: 3.25%

Fees:

There are no upfront fees associated with a Colorado Main Street loan. A 2.00% closing fee plus any direct, out-of-pocket filing / recording costs, will be collected from loan proceeds at the time the loan funds.

The Kenneth King Foundation's investment in the Colorado Main Street loan program helps us achieve our mission of transforming individuals' lives with access to capital, tools, and know-how for growing their small business.

Janice Fritsch, Kenneth King Foundation

The Process

  1. Contact a lender; if they can’t help it’s possible we can.
  2. Send Colorado Lending Source your business plan, loan application & supporting documents. 
  3. If eligible, you will present to our Internal Loan Review Committee and answer questions about your business.   
  4. After your loan is approved, we will close and fund your loan.
  5. Colorado Lending Source services the loan for its lifetime.

Interested in learning more?

Simply fill out our loan inquiry form with additional information so that we can learn more about your business. Once you submit, one of our team members will reach out.

Fill out loan inquiry form

By clicking "Send Loan Inquiry" you agree to receive communication from Colorado Lending Source.

If you need help finding a banker to work with, check out the Small Business Administration website for a list of SBA lenders near you.

NEED HELP?

We're always here to help with any questions that you might have.

“Hi, I'm Lauren. Call me with questions about funding your business. ”

Contact Us

“Hi, I'm Lauren. Call me with questions about funding your business. ”

Contact Us