Boulder County Small Business

COVID-19 Funding & Resources

English/Inglés
Español/Spanish
Description

A pool of $250 million that will be used to induce small business lending through participating banks. Loans will be fully underwritten and borrowers will need to meet acceptable credit criteria.

Eligibility
  • Principal place of business is in Colorado
  • 5 to 99 employees
  • Two consecutive years of positive cash flow within the last 5 fiscal years prior to Feb 29, 2020
  • A debt-service-coverage-ratio of at least 1:1 prior to Feb 29, 2020
Funding Amount

$30,000 to $500,000, 1 to 5 year terms, up to 1 year payment deferment, up to 20% balloon payment, interest rates ranging from 2.45% to 2.95%

 

The fund will provide credit enhancements to the lending institution to facilitate the loan.

Deadline to Apply

Not yet open

Need help?

The SBDC has consultants available to answer your questions about COVID funding programs and help walk you through the applications. Request a virtual appointment below.

I'M NEW TO THE SBDCI'M AN EXISTING SBDC CLIENT

The COVID funding webpages have been created through a partnership between the Boulder SBDC and Boulder County Commissioners’ Office.

English English Spanish Spanish