It’s about partnerships
City of Loveland Community Loan Fund
CEF and the City of Loveland began our partnership in 2015 to provide loans and invest in small businesses within the city limits of Loveland.
Who Can Apply?
- New or existing business whose primary office is located in the City of 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
- Lease payments or commercial loan obligations
- Refinance or debt consolidation
- Tenant finish or property improvements
- Purchase of a business
130
City of Loveland Small Businesses Served
$5,406,670
Capital Disbursed in Loveland
1,083
Job Created/Retained