Let's Get Started
Many entrepreneurs are in different stages of opening or expanding their businesses. This can influence the stage when you should apply for financing. Some are in the early stages of figuring out their concept, some are in the middle but need some business coaching to get plans in order and get to the next step; while others have all the documentation they need to get the loan process started.
We know your time is valuable, so CEF wants to help you determine where you are in the process so you can be smart and efficient with the next step in this journey.
Eligibility:
- Colorado-based company
- Must be 18 years or older
- CEF will NOT provide loans for certain types of businesses such as marijuana, e-cigarettes, gambling, adult entertainmnet, pyramid, or illegal activities.
- We will review your application and let you know if additional information is needed to determine eligibility.
Documents Needed to Apply - Startup
- Business Plan (including financial projections & startup budget)
- Business Insurance showing content coverage(if applicable)
- EIN# Letter
- Lease Agreement or Letter of Intent (if applicable)
- Proof of personal investment
- Bank Statements (personal, 3 months)
- Driver License/State Issued ID & Citizenship/Residency docs
- Personal Financial Statement
- Proof of Income (paystub or draw ledger)
- Personal Tax Returns (2 years)
Further documentation may be required depending on collateral, size of loan, and quality of the documents provided.
Documents Needed to Apply - Existing Business
- Bank statements ( personal & business) 3 months
- Balance Sheet (existing business)
- Business Insurance Showing Coverage (if applicable)
- Lease Agreement (if applicable)
- Profit & Loss
- Tax Returns (personal & business) 2 years
- Driver License/State Issued ID & Citzenship/Residency docs
- Personal Financial Statement
- Proof of Income (paystub or draw ledger)
Further documentation may be required depending on collateral, size of loan, and quality of the documents provided.
Review the categories below and see which category fits your current situation
Early Stages- Developing Business Concept
- Developing idea for business
- No business plan or projections
- Need to calculate start-up costs
- Business finances mixed with personal finances
- Need to do market research and register business
Need Some Help Before Applying for Loan
- Concept created but business revenue just starting
- Not sure how to write a business plan or want help
- Not sure how to do financial projections or want help
- Need help with profit/loss statement
- Would like to speak to someone to determine if you are "loan ready"
Ready to Apply
- Have all the documents listed above ready to upload in the application.
- CEF will run a hard credit report. This means it could affect your credit rating.
- Ready to pay a non-refundable $25 application fee.
- You do not have to complete the application in one session. You can save and come back to finish later.
