Enhancing the Ability of Local Businesses
to Secure Necessary Capital

The Town of Carbondale (Town) developed the Revolving Loan Fund (CRLF) to enhance the ability of local businesses to secure the necessary capital to finance start-ups, operations, or expansion.

In addition to providing access to capital, CRLF is designed to help stimulate job creation and retention. Loans are available to new or established businesses or nonprofit organizations that are located within the town limits of the Town of Carbondale.


Contact Colin Laird, Third Street Center (email / 970-963- 3221 x3), or download the application and submit the complete loan package by email. Once it is complete, the application will be submitted to the Town of Carbondale Loan Review Committee for review. The loan approval process takes approximately four weeks after a completed application is received.


Loan proceeds may be used for business reasons, including real estate acquisition, construction, and equipment. Funds cannot be used for the refinancing of existing debt. Applications will be considered on the basis of the character of the applicant, the applicant’s capacity to repay the loan, collateral and/or other sources of capital, and conditions affecting the applicant’s ability to repay the loan.


The application will include financial and background information, including financial statements, financial projections, and a business plan.


The guideline for the amount to be requested is $5,000 to $25,000.


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%.


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.


The Town’s renewed efforts to assist local businesses with low-interest loans received a boost from the U.S. Department of Agriculture Rural Development program in the form of a $50,000 grant.

Today, the fund has over $100,000 to loan to for-profit and nonprofit businesses based in Carbondale


Colin Laird, Third Street Center, 520 South Third Street, Carbondale, CO 81623
email  / 970-963- 3221 x3

Download the Loan Application

New Business?

If you are starting a new business, check out this resource from the State of Colorado.

“The CRLF were wonderful lending partners … I cannot recommend CRLF financing highly enough to passionate and serious local entrepreneurs.”

Cari Eisenson, Owner