Town of Parker Community Loan Fund
The partnership between CEF and Town of Parker began in 2019 to provide loans to small businesses within the limits of the Town of Parker. This fund was created to provide an affordable, flexible loan solution for those not able to obtain traditional loan financing to start or grow their business.
Who Can Apply?
- New or existing business whose primary office is located in Town of Parker
- Must have a business license with the Town of Parker
- 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
Thank you to the above organization that has invested in this Community Loan Fund to create and expand small businesses in the Town of Parker.
Information on Parker Loan Fund
