Whether you've been turned down by a bank or are tired of the high interest rates of payday or other loans, with our flexible terms & loan programs, we're sure to have one that fits your needs.
Our small business term loans, including SBA microloans, are customized for your small business.
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As small businesses have had to pivot to adjust to the new landscape that the coronavirus pandemic has created, we have pivoted our products to serve you during these times. We also have core specialized loan programs that are outlined below. Our experienced lending team will work with you to understand your unique needs and build a loan to suit your small business. Read more about the special rates and other incentives below.
We utilize basic lending principles when reviewing a small business loan application, but the difference is that we are more flexible than most lenders in how we apply these principles.
Qualifying factors include the ability to repay the loan, how much experience you have in the industry, collateral to secure the loan, and a good payment history with other creditors. Once your application has been submitted for underwriting, we will consider these factors and others including the business industry climate, cash flow/profitability, and equity in the business.
The speed of the application process and getting approved depends largely on how quickly you submit your paperwork for review. Typically, it takes 3-7 business days for underwriting and, once approved, 2-3 weeks to get your closing scheduled.
Absolutely not! We have many bank and credit union partners across the state, and encourage applicants to explore loan options with them first, but applicants do not have to be rejected by a financial institution in Colorado to qualify for a loan from CEF.