Areas Served: Town of Carbondale
The Town of Carbondale (“Town”) has developed the Revolving Loan Fund (RLF) to enhance the ability of business owners to secure the necessary capital to finance start-ups, operations, or expansion.
In addition to providing access to capital, the RLF is designed to help stimulate job creation and retention.
Loans are available to new or existing businesses or organizations that are located within the town limits of Carbondale, Colorado.
LOAN AMOUNT: The guideline for the amount requested is $5,000 to $25,000. INTEREST RATE: The interest rate will depend on several factors such as the type of collateral, financial strength of the applicant, and the overall risk.
Fixed rates of interest will range from 3% to 10%.
MATURITY: The term of each loan will depend on repayment capabilities and the purpose of the loan.
Repayment may be monthly, quarterly, lump sum, or some other method.
It is anticipated that the term of each loan will not exceed 36 months.
Contact InformationTown of Carbondale, Colorado
Address: 817 Colorado Avenue #107
City: Glenwood Springs
State: Colorado
Website:
http://www.rfbrc.org/accesstocapital/carbondaleloanfund.html
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