Enhancing the Ability of Local Businesses
to Secure Necessary Capital

The Carbondale Chamber of Commerce is the new coordinator for the revolving loan fund.

For Carbondale Revolving Loan Fund information and to apply for funding, please visit https://www.carbondale.com/carbondale-revolving-loan-fund/.

The CRLF is made possible by the Town of Carbondale. The Carbondale Chamber is not affiliated with the Town of Carbondale, rather assisting the Town by overseeing the marketing & promotion, and certain aspects of the administration of this program. The loan funds are in no way exchanged with the Carbondale Chamber.

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

CRITERIA:

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.

APPLICATION:

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

LOAN AMOUNT:

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

INTEREST RATE:

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%.

MATURITY:

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).


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
  • Tuesday Foods
  • White River Books
  • Youth Entity

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