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The CLIMBER Loan Fund is providing up to $250 million in working capital loans to Colorado small businesses through 2024, to promote recovery, save jobs and help support the state’s economy.
Small businesses with 1-99 employees that were financially stable before the pandemic but now need help to survive can apply for working capital loans between $10,000 and $500,000. The program offers below-market interest rates and a one-year deferred payment option.
Banks, credit unions, CDFIs and nonprofit lenders can provide loans through the program.
Small businesses can learn how CLIMBER (Colorado Loans to Increase Mainstreet Business Economic Recovery) can help their recovery here: climber-colorado.com/small-businesses
Lenders can learn more here: climber-colorado.com/lenders