Loveland Microloan Fund
The partnership between CEF and Loveland began in 2015 to provide loans to small businesses within the city limits of Loveland. This fund was created to provide an affordable, flexible loan solution for those not able to obtain traditional loan financing to start or grow their business.
Who Can Apply?
- New or existing business whose primary office is located in Loveland
- Small businesses not eligible for financing through a traditional bank
- Generally, businesses with revenues less than $2M/year
- Generally, small businesses with less than 20 full-time employees
Loan Amount & Terms:
- Microloans: Up to $50k (If you need a larger loan amount, CEF has other loan products to supplement this lending source.)
- Terms vary based on use and amount, but can be up to 60 months
- Fixed Rate
Loan Uses:
- Working capital
- Equipment
- Inventory
- Refinance or debt consolidation
- Tenant finish or property improvements
- Purchase of a business
Thank you to the City of Loveland and the Loveland Economic Development Department that has invested in this Community Loan Fund to create and expand small businesses in the city of Loveland.
