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Colorado Startup Loan Fund

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Loan amounts starting at $25,000

Longer terms, up to 10 years

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Applying online is fast, easy and does not impact your credit score.

Truce Media: Julie Jackson and Brandon Naughton

Julie Jackson & Brandon Naughton, Truce Media, Denver, CO

Program Overview

Lendistry is an approved lender of the Colorado Startup Loan Fund program which provides loans designed for underserved Colorado startup and small businesses to help them move forward and grow. Eligible, for-profit entities can apply for $25,000 – $150,000 in financing for working capital with terms of up to 10 years.

Supported by:

State of Colorado OEDIT - Colorado Startup Loan Fund Logo

Eligible Business Qualifications

For-profit Colorado Small Business Entities and Sole Proprietors that have experienced one or more of the following:

  • Financial loss
  • Bankruptcy
  • Poor credit
  • Barriers to access to capital
  • Redefined its business model or recapitalized
  • New business to fill gaps

And meets the following criteria:

  • Primary business activities are conducted in Colorado with majority of employees working in Colorado
  • Employ no more than 25 full-time employees
  • Earns less than $2,000,000 in annual gross revenue

Businesses should also complete a business development program with a
Small Business Development Center (SBDC).

Terms

  • Loan Amount: $25,000 – $150,000
  • Loan Purpose: Working Capital
  • Loan Term: Up to 10 years
  • Interest Rate: Variable

Required Documents

For Lendistry to review an application for the Colorado Startup Loan Fund, applicants must provide the following minimum required documentation*:

Startup Business:

h

2 Years Detailed Projections

h

2 Years Personal Tax Returns

h

3 Months Business Bank Statements or Bank Verification

h

Most Recent YTD Profit and Loss Statement

h

Budget for the Startup Costs

Existing Business:

h

2 Years Personal Tax Returns

h

Most Recent Business Tax Return

h

Months Business Bank Statements or Bank Verification

h

Most Recent YTD Profit and Loss Statement and Balance Sheet

h

All business license(s) required by law for your state/industry

*Additional required documents may be requested.
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Customer Success Story

“The Colorado Startup Loan from Lendistry has really helped us to normalize our cycles of income and revenue and outgoing funds. It’s allowed us to focus on our business and go to the next level.”

— Truce Media