Revolving Loan Fund Doubles Capital for El Paso County Businesses
Colorado Enterprise Fund and El Paso County partnership to relaunch and double the size of small business revolving loan fund
Revolving Loan Fund Doubles Capital for El Paso County Businesses
Published on July 8, 2026
Revolving Loan Fund Doubles Capital for El Paso County Businesses
Colorado Enterprise Fund and El Paso County partnership to relaunch and double the size of small business revolving loan fund
DENVER (July 08, 2026) – El Paso County Economic Development Department and Colorado Enterprise Fund (CEF) have come together to enhance the El Paso County Community Loan Fund to expand access to capital for El Paso County small businesses. This innovative revolving loan program provides financing opportunities for entrepreneurs who do not qualify for traditional lending, helping them access the capital they need to start or grow their small businesses.
El Paso County Economic Development Department and CEF started working together on the initial version of the loan program in 2021. Since then, CEF has lent just over $2 million dollars to 57 El Paso County small businesses who did not have access to traditional financing. These loans were made possible through the establishment of a loan fund created with El Paso County. Under the new public/private partnership model, CEF will match El Paso County’s investment to double the size of the revolving loan fund to $1.3M.
“This partnership and innovative model will help ensure that our small businesses have greater access to capital through a revolving loan fund that is self-sustaining and does not rely on ongoing taxpayer dollars,” stated Crystal LaTier, Executive Director of El Paso County Economic Development Department. “When existing loans are repaid, the funds are reinvested to support additional small businesses in El Paso County. We are committed to small businesses in our community, and we are excited to relaunch this revolving loan fund in partnership with CEF.”
“Supporting small businesses is at the core of our mission, especially through public/private partnership models such as this one,” CEF Chief Operating Officer Nim Patel said. “We’re proud to support El Paso County and are excited to help fuel long-term success for businesses in this community.”
Small business owners who are curious about the details can attend the upcoming webinar hosted by El Paso County Economic Development Department and CEF on July 23 at 10 a.m. Register here.
Interested businesses in El Paso County can apply for microloans with a fixed rate up to $50K. Terms vary by use and amount, but can be up to 60 months. The loan uses working capital, equipment, inventory, lease payments, commercial loan obligations, refinance or debt consolidation, property improvements or purchase of a business.
Businesses interested in applying for the El Paso County Community Loan Fund can apply here.
El Paso County Economic Development Department and CEF started working together on the initial version of the loan program in 2021. Since then, CEF has lent just over $2 million dollars to 57 El Paso County small businesses who did not have access to traditional financing. These loans were made possible through the establishment of a loan fund created with El Paso County. Under the new public/private partnership model, CEF will match El Paso County’s investment to double the size of the revolving loan fund to $1.3M.
“This partnership and innovative model will help ensure that our small businesses have greater access to capital through a revolving loan fund that is self-sustaining and does not rely on ongoing taxpayer dollars,” stated Crystal LaTier, Executive Director of El Paso County Economic Development Department. “When existing loans are repaid, the funds are reinvested to support additional small businesses in El Paso County. We are committed to small businesses in our community, and we are excited to relaunch this revolving loan fund in partnership with CEF.”
“Supporting small businesses is at the core of our mission, especially through public/private partnership models such as this one,” CEF Chief Operating Officer Nim Patel said. “We’re proud to support El Paso County and are excited to help fuel long-term success for businesses in this community.”
Small business owners who are curious about the details can attend the upcoming webinar hosted by El Paso County Economic Development Department and CEF on July 23 at 10 a.m. Register here.
Interested businesses in El Paso County can apply for microloans with a fixed rate up to $50K. Terms vary by use and amount, but can be up to 60 months. The loan uses working capital, equipment, inventory, lease payments, commercial loan obligations, refinance or debt consolidation, property improvements or purchase of a business.
Businesses interested in applying for the El Paso County Community Loan Fund can apply here.
About Colorado Enterprise Fund
Colorado Enterprise Fund (CEF) is a nonprofit small business lender dedicated to supporting undercapitalized entrepreneurs start or grow their business. CEF, a Community Development Financial Institution (CDFI), offers loans ranging from $10K to $1M for those who don’t meet traditional financing guidelines, filling a vital void between conventional banking and high-interest alternatives. Beyond financing, CEF provides no-cost business coaching to support clients’ growth and sustainability. CEF has disbursed over $441 million in capital to 9,800 businesses statewide and is celebrating their 50th anniversary in 2026. For more information, visit: www.coloradoenterprisefund.org
