Funding Sources

Community Development Finance Institutions & Local Microlenders

ACCION Colorado
ACCION New Mexico • Arizona • Colorado is an award-winning nonprofit organization that invests in the community's most important asset - human potential. ACCION increases access to business credit, makes loans and provides training to help emerging and existing entrepreneurs realize their dreams. 
ACCION rates are comparable to commercial rates, and there is no extra cost to pay your loan early. Terms range from two months to six years, depending on loan size. Rates are fixed over the life of the loan and charged on the outstanding principal balance. When a loan is approved, we charge a community benefit fee due at your loan closing. This fee helps offset a portion of our lending, training and outreach costs. It ranges from 2% to 7% of the loan, and may be tax deductible for your business.

Seedco Financial-Denver
Seedco Financial is a citywide nonprofit community development financial institution (CDFI) that provides affordable financing and technical assistance to small businesses, nonprofit organizations, and major commercial projects in low-income and economically distressed communities in the Denver area. Seedco Financial-Denver takes a personal approach to every loan deal, manually reviewing and evaluating risk and then working closely with the borrower to establish fair loan terms that meet their financing needs. Loans range from $100,000 to $1,500,000, with three- to seven-year repayment terms. Borrowers can use funds for a variety of activities, including acquisition, working capital, equipment, and construction loans. For more information, please contact (303) 297-7403.

Colorado Enterprise Fund (CEF)
The mission of Colorado Enterprise Fund (CEF) is to provide credit to small businesses that do not have access to loans from commercial sources. Through loans and services, we help entrepreneurs strengthen their businesses, stabilize and increase their incomes, create additional employment and contribute to the economic revitalization of their communities. Loan amounts range from $1,000 to $250,000.

Loans Through Traditional Sources

SBA 504
The SBA 504 Mortgage Loan is a below market rate, long-term financing on commercial and industrial fixed assets located in the City and County of Denver.
Criteria includes:

  1. Owner occupied properties
  2. Commercial and industrial businesses
  3. New construction or rehabilitation (permanent financing)
  4. New project costs (no refinancing)
  5. Total costs up to $3 million
  6. Profit after taxes under $2 million
  7. Corporate net worth under $6 million
  8. Demonstrated repayment ability

Funding Terms:

  •  10% borrower equity 
  •  40% DUEDC/SBA second deed of trust ($750,000 maximum)
  •  50% BANK/CHFA* first deed of trust

*In most instances, the Colorado Housing and Finance Authority (CHFA) will purchase a 90% participation in the first mortgage. Please check with CHFA on current interest rates and loan servicing fees.

For more information, please contact a Small Business Economic Development Specialist at 720-913-1999. 

For fixed asset financing only (land, building, equipment)
Terms: Requires 50% financed by bank & 10% financed by owner’s equity
Maximum loan: $1.5 million
Loan Period: 10 years for equipment; 20 years for real estate
Lender: Major bank and Certified Development Corporation

Purpose: Fixed assets, working capital and some refinancing
Terms: Based on loan guarantee; requires 15-25% down payment; interest rates fixed or variable
Period: up to 20 years for equipment and real estate; 7 years for working capital
Lender: Major bank

SBA LowDoc Program
Purpose: Fixed assets, working capital, and some refinancing of existing debt
Terms: Based on loan guarantee; 15% down payment; interest rates fixed or variable
Maximum loan: $150,000
Period: up to 20 years for equipment and real estate; 7 years for working capital
Lender: Major bank