The CLIMBER (Colorado Loans to Increase Mainstreet Business Economic Recovery) Loan Fund provides up to $250 million in working capital loans to Colorado small businesses negatively impacted by the pandemic through 2023. It will promote small businesses recovery, save jobs, and help support the Colorado economy.
Lenders, community development financial institutions (CDFIs), credit unions, and nonprofit lenders can participate and provide loans for their small business customers needing financial assistance.
Small businesses with 5 to 99 employees that were financially stable before the pandemic but now need help to survive may apply for working capital loans between $30,000 and $500,000. Below-market interest rates and a one-year deferred payment option make the program a secure recovery option for small businesses.
If you do not meet the eligibility requirements, consider applying for the Colorado Revolving Loan Fund.