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.

The fund loan fund was set up in 2002 with a 50/50 partnership with the USDA.  The Town and the USDA both contributed $50,000.

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 that are located within the town limits of the Town of Carbondale.


Send a one page summary descriping your loan need, payback timeframe, and ability to repay the loan to Colin Laird, Third Street Center (email / 970-963- 3221 x3).

You can also fill out this form to get the process started.

You can also download the full application  to learn more about the information requirements.

After an initial discussion with Colin, you can the complete loan package. Once it is complete, the application will be submitted to the Town of Carbondale Loan Review Committee for review.

The Loan Committee meets on an as needed basis by video conference. The applicant will be invited to participate and answer any questions.  The loan approval process takes approximately 4-6 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 is monthly and loans are usually  no longer than a 36 months term. (3 years).


Today, the fund has roughly $130,000 to loan to for-profit 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

Some of the Local Businesses
that have recently used the
Carbondale Revolving Loan Fund

  • Alohoa Cyclery
  • Independence Run & Hike
  • Kula
  • mountain flow eco-wax
  • Silo
  • Solar Rollers
  • White River Books
  • Youth Entity

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