Starting or growing your small business? Turned down by a bank? Tired of the high-interest rates of payday or other loans?
With CEF's flexible terms & loan programs, including SBA Microloans, we'll work with you to build a loan that fits your business needs and makes your dream a reality.
Start the Loan Process
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.