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Emergency Loan Fund

Emergency Small Business Loan Fund COVID-19

In light of the sweeping impact the COVID-19 pandemic is having on our small business community, Southern Colorado Community Lending (a subsidiary organization of NeighborWorks Southern Colorado) is responding swiftly to support our local, community businesses. The newly established Small Business Emergency Microloan Program now provides financing needed to strengthen small business enterprises in this time of acute need that have been affected by the COVID-19 outbreak.


For more information please contact: Heather Hobby

Phone: 719-423-4694


Microloan Terms

Loan Limits: $1,000 to $20,000

Interest Rate:

- Option 1: 0% for a term of 6 months
- Option 2: 2% term of up to 2 years

Term: 6 months to 2 years

Loan Fee: 3%; 2% origination, 1% loan loss reserve to the CHFA CCR Program

Eligible Uses: Working capital only

Eligible Borrowers:

- Option 1: micro-enterprises that are low-income or will retain low-income jobs
- Option 2: small businesses that will retain low-income jobs

Repayment: Begins at 60 days