Before You Seek Funding

Before you approach a lending institution, it’s important to know the 5 Cs that lenders consider.

Steps to Securing Funding

Once you’ve done the preparation, have the following elements in place to seek financing.

Advice and Resources

These organizations and resources are available to help you succeed. is a collaborative project of public, private and nonprofit lending institutions. was created to provide entrepreneurs and small business owners in Colorado with the information and resources to successfully apply for a business loan, access a line of credit, pursue micro-lending solutions or find other financing options.

Whether you run a sole proprietorship, manage a company with under 500 people, or are somewhere in between, there are lenders in Colorado eager to finance the successful growth of your enterprise. will help you find the way.

Emergency funding for small businesses affected by COVID-19

The Paycheck Protection Program has prioritized millions of Americans employed by small businesses by first authorizing up to $349 billion and another $310 more toward job retention and certain other expenses. The program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent and utilities.

Banks are serving as a conduit for the program; they are fronting the money to businesses on behalf of the government, which will reimburse the banks. Banks are not making money on this program – they’re doing this because it’s the right thing to do. Find a lender.

Fully Forgiven

Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.

Must Keep Employees on the Payroll—or Rehire Quickly

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.

All Small Businesses Eligible

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

If you’re a borrower, more information can be found here.

Borrower application form

Lender application form

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