It’s about partnerships
El Paso County Community Loan Fund
CEF and El Paso County began our partnership in 2021 to provide loans and invest in small businesses within El Paso County.
Who Can Apply?
- New or existing business whose primary office is located in El Paso County
- 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
- Lease payments or commercial loan obligations
- Refinance or debt consolidation
- Tenant finish or property improvements
- Purchase of a business
47
El Paso County Small Businesses Served
$1,627,980
Capital Disbursed in El Paso County
339
Job Created/Retained
