Community Development Block Grant Business Loan

About this funding opportunity

Select LanguageAbkhazAcehneseAcholiAfarAfrikaansAlbanianAlurAmharicArabicArmenianAssameseAvarAwadhiAymaraAzerbaijaniBalineseBaluchiBambaraBaouléBashkirBasqueBatak KaroBatak SimalungunBatak TobaBelarusianBembaBengaliBetawiBhojpuriBikolBosnianBretonBulgarianBuryatCantoneseCatalanCebuanoChamorroChechenChichewaChinese (Simplified)Chinese (Traditional)ChuukeseChuvashCorsicanCrimean Tatar (Cyrillic)Crimean Tatar (Latin)CroatianCzechDanishDariDhivehiDinkaDogriDombeDutchDyulaDzongkhaEsperantoEstonianEweFaroeseFijianFilipinoFinnishFonFrenchFrench (Canada)FrisianFriulianFulaniGaGalicianGeorgianGermanGreekGuaraniGujaratiHaitian CreoleHakha ChinHausaHawaiianHebrewHiligaynonHindiHmongHungarianHunsrikIbanIcelandicIgboIlocanoIndonesianInuktut (Latin)Inuktut (Syllabics)IrishItalianJamaican PatoisJapaneseJavaneseJingpoKalaallisutKannadaKanuriKapampanganKazakhKhasiKhmerKigaKikongoKinyarwandaKitubaKokborokKomiKonkaniKoreanKrioKurdish (Kurmanji)Kurdish (Sorani)KyrgyzLaoLatgalianLatinLatvianLigurianLimburgishLingalaLithuanianLombardLugandaLuoLuxembourgishMacedonianMadureseMaithiliMakassarMalagasyMalayMalay (Jawi)MalayalamMalteseMamManxMaoriMarathiMarshalleseMarwadiMauritian CreoleMeadow MariMeiteilon (Manipuri)MinangMizoMongolianMyanmar (Burmese)Nahuatl (Eastern Huasteca)NdauNdebele (South)Nepalbhasa (Newari)NepaliNKoNorwegianNuerOccitanOdia (Oriya)OromoOssetianPangasinanPapiamentoPashtoPersianPolishPortuguese (Brazil)Portuguese (Portugal)Punjabi (Gurmukhi)Punjabi (Shahmukhi)QuechuaQʼeqchiʼRomaniRomanianRundiRussianSami (North)SamoanSangoSanskritSantali (Latin)Santali (Ol Chiki)Scots GaelicSepediSerbianSesothoSeychellois CreoleShanShonaSicilianSilesianSindhiSinhalaSlovakSlovenianSomaliSpanishSundaneseSusuSwahiliSwatiSwedishTahitianTajikTamazightTamazight (Tifinagh)TamilTatarTeluguTetumThaiTibetanTigrinyaTivTok PisinTonganTshilubaTsongaTswanaTuluTumbukaTurkishTurkmenTuvanTwiUdmurtUkrainianUrduUyghurUzbekVendaVenetianVietnameseWarayWelshWolofXhosaYakutYiddishYorubaYucatec MayaZapotecZulu

Powered by Translate

0 Community Development Block Grant Business Loan Program Summary

Each year, the U.S. Department of Housing and Urban Development (HUD) provides Colorado with funding through the State Community Development Block Grant (CDBG) program for community and economic growth. One-third of these funds are allocated specifically for Economic Development, which are used to aid the State’s Business Loan Funds.

These funds are distributed across 12 Regional Business Loan Funds dedicated to job creation and retention throughout rural Colorado. Each Loan Fund is led locally with their own Business Loan Fund Manager, local loan review committee and local board of directors. Overview

Type: Loan

For: For-Profit Businesses

Application deadline: Rolling

OEDIT division: Business Funding and Incentives Funding Opportunities

Business Loan

The Community Development Block Grant Business loan aids businesses in rural areas by providing loans and loan guarantees. A business must create or retain one job for each $35,000 received in CDBG loan funds, filling at least 51% of the jobs created and/or retained with low-to-moderate income individuals.

Microenterprise Loan

To qualify for a Microenterprise Loan, a business must have five or fewer employees, including ownership, and all owner(s) must qualify as low-to-moderate income persons. These loans are available up to $100,000.

All loans are available at the discretion of the regional Business Loan Fund Managers.

To inquire, please contact the Business Loan Fund Manager located within your region.

Contact your Regional Business Loan Fund Manager(opens in new window). Regional Eligibility

If your business is in one of these areas, it is not eligible for this program:

Ineligible Counties: Adams County Arapahoe County Broomfield County El Paso County Jefferson County Weld County

Ineligible Cities: Arvada Aurora Boulder Broomfield Castle Rock Centennial Colorado Springs Commerce City Denver Fort Collins Grand…

Topic areas: Social Innovation and Community Development, Public Policy and Governance.

Funding amount

This other provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Community Development Block Grant Business Loan is administered by Colorado Office of Economic Development and International Trade (OEDIT), listed via Colorado Office of Economic Development and International Trade.