If you are looking for ways to help get your business off the ground, then check out Boulder’s Boulder Microloan Program. This is a partnership between the City of Boulder, Boulder Development Center, Boulder area financial institutions, and the Colorado Enterprise Fund. The microloan program helps provide general working capital to qualifying small businesses and nonprofits in the Boulder area.
If you think this may be for you, then they will be looking at your ability to repay the loan and they understand that you may not be able to obtain financing through traditional resources. The fund provides loans up to $50,000 to businesses and nonprofit organizations with revenues below $2 million.
The goals behind this program are to help you as a business owner and entrepreneurs as a means of economic self-sufficiency for low and moderate income individuals. They want to bridge the gap for your business and get you through this tough time. Maybe one day you’ll be able to qualify from a loan from the bank, but for now they may be your source for funds. These funds can help you get your business off the ground. With the massive growth in the real estate market in Boulder and Boulder County, your business is needed now more than ever. Don’t let financing stand in your way.
If you would like more information on this then please check out City of Boulder Colorado.