Cannabis Business Loan
Colorado Office of Economic Development and International Trade
Who can apply
Business
About this opportunity
The Cannabis Business Loan Fund is an opportunity for social equity licensed cannabis businesses to receive lending capital to build and improve their current business operations. The Cannabis Business Office has partnered with mission-based lender, NuProject, to provide lending capital that is not otherwise available through traditional lenders. This is a low-interest, revolving loan fund, meaning that the dollars will be used to continue supporting future cannabis businesses as loans are repaid. Using an initial investment of $1,000,000, NuProject will provide loans between $50,000 and $150,000 to social equity licensed cannabis business owners. Loans will have favorable and manageable terms based on borrower needs, and interest generated will be reinvested into the revolving loan fund f...