CLIMBER Loans
Colorado Office of Economic Development and International Trade
Who can apply
Business
About this opportunity
The CLIMBER (Colorado Loans to Increase Mainstreet Business Economic Resiliency) Loan Fund provides up to $250 million in working capital loans to Colorado small businesses negatively impacted by the pandemic and ongoing economic struggles. It is promoting small businesses resiliency, creating and saving jobs, and helps to support the Colorado economy. Lenders, community development financial institutions (CDFIs), credit unions, and nonprofit lenders can participate and provide loans for their small business customers needing financial assistance. Small businesses with 1 to 99 employees that were financially stable before the pandemic but now need help to survive may apply for working capital loans between $10,000 and $500,000. Below-market interest rates and a one-year deferred payment op...