Colorado Lenders Grid
Colorado Banks
| LENDING OPTIONS / LINK | REGIONS SERVED | TYPES OF LOANS | ADDITIONAL INFORMATION |
|---|---|---|---|
| Colorado Bankers Association members | Colorado | Varies; contact your banker for more details | Colorado Bankers Association represents more than 90 percent of the $100 billion in bank assets in Colorado. |
Community Development Financial Institutions (CDFI)
| LENDING OPTIONS / LINK | REGIONS SERVED | TYPES OF LOANS | ADDITIONAL INFORMATION |
|---|---|---|---|
| DreamSpring | Colorado | Loans amounting to $1,000 and $1MM. DreamSpring offers small business loans and the SBA’s community advantage loan product. | DreamSpring is an award-winning, 26-year-old nonprofit organization that increases access to credit, makes loans and provides a community of support to help entrepreneurs realize their dreams. DreamSpring proudly serves Arizona, Colorado, Georgia, Nevada, New Mexico, North Carolina and Texas. |
| Colorado Enterprise Fund (CEF) | Colorado | Loans $1,000 – $250,000 | CEF provides access to credit and capacity-building support services to locally owned and operated for-profit businesses throughout Colorado. Focus on under-served markets. |
| Community Resources and Housing Development Corporation (CRHDC) | San Luis & Arkansas Valleys in S.Colorado (12 County Region) | Loans $1,000 – $250,000 | CRHDC offers the Intermediary RE-Lending Program (IRP) to individuals in the San Luis and Arkansas Valleys in S. Colorado (12 County Region) to provide a source of working capital for small business creation, sustainability, and expansion. |
| MIle High Community Loan Fund (MHCLF) | Colorado | Short-term commercial real estate loans. Visit website for specifics. | Founded in 1999 as a community-based, nonprofit organization providing early-stage capital for entities developing affordable housing, Mile High Community Loan Fund is now an $18 million fund that helps finance: the development or preservation of affordable housing; the development, redevelopment or renovation of commercial real estate; and the purchase, rehabilitation and/or construction of facility space by nonprofits serving low-income populations. As of the end of 2015, the fund had approved 155 loans totaling more than $59 million, which helped finance more than 6,700 units of affordable housing and more than 385,000 square feet of nonprofit facility space. |
| Rocky Mountain MicroFinance Institute (RMMFI) | Denver Metro | Loans – up to $75,000* | RMMFI is a CDFI focused on “Whole Entrepreneur” business incubation and financing, and recognizes that behind every business is a person. Financial and Capacity investments are made in both the business and the person running it. *RMMFI’s Capital Program is reserved for entrepreneurs engaged in RMMFI’s Idea/Launch/Thrive programming. |
Community Development Companies (CDC)
| LENDING OPTIONS / LINK | REGIONS SERVED | TYPES OF LOANS | ADDITIONAL INFORMATION |
|---|---|---|---|
| Colorado Lending Source | Colorado | Various small business lending programs | Colorado Lending Source provides small businesses with commercial real estate and capital equipment loans under the SBA’s 504 loan program. They also offer smaller loans under their Colorado Main Street Loans Program, and packaging assistance for the SBA 7(a) loan program. |
| Pikes Peak Regional Development Corp. (PPRDC) | Colorado (El Paso County only for Revolving Loan Fund) | Expansion loans. Revolving loan fund up to $200,000. | PPDRC offers SBA 504 loans for expansion and contracts with El Paso County to offer the Revolving Loan Fund for expanding businesses. Check website for more details on each program. |
| Preferred Lending Partners (PLP) | Colorado (Visit website for primary counties served) | Expansion loans | PLP specializes in SBA 504 loans for small business expansion, providing capital funding to help businesses purchase equipment and move from leasing to owning CRE. |
| Small Business Finance Corp. (CEDCO) Community Economic Development Co. of Colo. | Colorado | Expansion loans | CEDCO is authorized to package, close and service 504 loans for expansion throughout Colorado. Check their website to see current terms and contact one of their lenders. |
| Southern Colorado Economic Development District (SCEDD) | South Colorado (Visit website for specific counties served.) | Expansion loans. Special purpose loans. Visit website for details. | SCEDDs Business Lending Center is authorized to package, close, and service 504 loans. They work hand-in-hand with the borrower and the banker to develop a financing package that works best for small business expansion. |
Municipal Programs
| LENDING OPTIONS / LINK | REGIONS SERVED | TYPES OF LOANS | ADDITIONAL INFORMATION |
|---|---|---|---|
| Denver Loan Options | City and County of Denver | Gap financing for startup and expansion loans. Visit website for details. | For businesses that locate or expand in targeted industrial or commercial business areas within the City, Denver Economic Development & Opportunity small business lending program offers gap financing to eligible start-up and/or expanding businesses. |
Bank Lending Partners
| LENDING OPTIONS / LINK | REGIONS SERVED | TYPES OF LOANS | ADDITIONAL INFORMATION |
|---|---|---|---|
| Colorado Housing and Finance Authority (CHFA) | Colorado | Varies; contact your banker for more details | CHFA’s Business Finance team specializes in helping Colorado businesses access affordable capital to help businesses grow and expand. CHFA partners with a network of private, nonprofit, and public partners such as banks, developers, and local governments. |
| Small Business Administration (SBA) | Colorado | 14 Loan Programs. Visit website for details. | SBA offers information on small business loans, grants, bonds and other financial assistance. While SBA does not make loans directly, you can find a local lender who can help you with your loan application. |
| US Department of Agriculture (USDA) | Colorado | Business & Industry loan guarantee program. Visit website for details. | The purpose of the B&I Guaranteed Loan Program is to improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities. |
| US Department of Transportation (USDOT) | Colorado | Short Term Lending Program, available through two banks in Colorado. Visit website for details. | Under the Short Term Lending Program US DOT guarantees up to $750,000 in loans with participating lenders for eligible small & disadvantaged businesses. The loan guarantee provides a revolving line of credit for work on transportation-related contracts. |