Colorado Revolving Loan Fund
Colorado Office of Economic Development and International Trade
Who can apply
Business, Nonprofit
About this opportunity
The Colorado Revolving Loan Fund provides loans that help small to medium-sized Colorado businesses negatively impacted by the COVID-19 pandemic. These loans range from $5,000 to $750,000. These loans are intended to provide startup and working capital that will help create and retain jobs across the state of Colorado. The maximum interest rate is 10%, and the expected average interest rate of these loans is 4%. Loans may be character-based and may have terms up to 20 years based on the type of loan. This fund prioritizes socially and economically disadvantaged businesses and non-profits. We will work with community-based organizations to reach people, and extend effort to assist and qualify these types of businesses including using non-traditional underwriting criteria such as character-b...