Want to be in-the-know on all things small business? Sign up for our email newsletter here!

PLEASE NOTE: We are not currently accepting applications for the Community Advantage loan program. For updates, please sign up for our email list here.

A Community Advantage loan is a Small Business Administration 7(a) loan that is financed by a mission-based lender, like Colorado Lending Source, rather than directly through a bank. It can offer financing from $50,000 to $250,000 for a variety of business needs. 


Qualified borrowers can use Community Advantage loan funds to finance:

  • Startup expenses
  • Long-term working capital
  • Purchase equipment, inventory, furniture, and fixtures
  • Business acquisition
  • Buy, build or renovate commercial real estate
  • Debt consolidation and refinance 
  • Include professional fees 


Are you eligible to get a loan?

  • The business is for-profit
  • The business is located in the United States
  • The business is valued at less than $15 million and the business has an after tax profit of less than $5 million a year over the average of two years
  • The business owner will occupy 51% or more of commercial real estate that is being renovated or purchased
  • The business has demonstrated need for credit

Preference will be given to applicants:

  • Located in low-to-moderate income census tracts, empowerment zones, enterprise communities, or HUBZones
  • Small businesses where more than 50% of the full-time work force is low income or resides in low-to-moderate income census tracts
  • Small businesses that are new or less than two-years old
  • Small businesses that are more than 50% owned by veterans, minorities, or women
  • Small businesses located in rural communities


Interest rates:

Our Community Advantage loan program has an adjustable interest rate of Wall Street Journal Prime + 4.50%, with quarterly adjustments based on changes in the prime rate. A 6.5% starting interest rate is effective as of March 2020. Please contact us for the current interest rate offered or for additional details.

Current Wall Street Journal Prime interest rate: 3.25%


  • Guarantee Fee of 2% on the guaranteed portion of loans $150,000 or less; Guarantee Fee of 3% on the guaranteed portion of loans $150,001 to $250,000
  • Packaging Fee paid to Colorado Lending Source based on 2% of the loan amount or $2,500, whichever is lower
  • Any direct or third-party closing costs associated with the loan
  • Appraisal/valuation report costs, if required
  • Environmental impact report costs, if required
  • All fees can be financed as part of the loan

The Community Advantage loan program was the perfect fit for my client. He appreciated how I steered him to the right resource to get his financing needs met. I'm always confident that Colorado Lending Source handles my clients with the highest level of expertise and professionalism.

Connie Meine, Citywide Banks

The Process

  1. Connect with a lender and if you can't receive financing, have them refer you to Colorado Lending Source or obtain a bank rejection letter.
  2. If eligible, you will submit a loan application and we will begin underwriting.
  3. Once the package is ready, we will submit it to the SBA for approval.
  4. Colorado Lending Source will close and fund your loan.
  5. Colorado Lending Source will service 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.


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