The Business Loan Fund (BLF) was established to assist small businesses within the five Southwest Colorado counties comprising Region 9. The main focus of the BLF is to promote business expansion in Southwest Colorado by creating or retaining employment opportunities for low to moderate-income persons. The loan funds are designed to leverage private funds and to bridge the gap between monies that are available to business owners and the financing requirements for the proposed project.
Before a BLF loan can be requested, the business in consideration must demonstrate that other financing alternatives have been exhausted or an insufficient rate of return exist to the business for the project to proceed. Job creation and/or retention also strengthen a project.
The purpose of the BLF is to support business activities for which credit is not otherwise available on terms and conditions which would permit completion and/or the successful operation or accomplishment of the project.
The BLF funds should ideally be leveraged with other funds, consisting of either private financing, equity capital, or a combination of the two. The BLF target is to not exceed 90% of the entire loan package, but is intended to fill the gap left by the other funding sources.
The BLF funds can be utilized for the following primary uses:
Other secondary uses are allowed with approval from the BLF Loan Committee.
Region 9 Economic Development District of Southwest Colorado, Inc.
135 Burnett Drive, Unit 1
Durango, Colorado 81301
For assistance with your application, business plan, or projection requirement, please contact the SW Colorado Small Business Development Center.
Region 9 is an equal opportunity lender and employer.
Below are the application materials for you to download. You may submit all application materials by mail, email, or by stopping by our office. While not every item in the application packet may be applicable to your project, please make every effort to fill out the each of the forms to the best of your abilibility. Please call for an appointment if you have any questions.
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