Colorado Enterprise Fund

Financing & Investment

COLORADO ENTERPRISE FUND (CEF) is a non-profit community development financial institution founded in 1976 to help small businesses. We provide small business loans up to $250,000 to entrepreneurs who are unable to obtain financing from traditional sources. If you receive a loan from CEF, you will have access to management consulting and business training from our experienced staff.

LOAN INFORMATION

The mission of Colorado Enterprise Fund (CEF) is to provide credit to small businesses that do not have access to loans from commercial sources. Through loans and services, we help entrepreneurs strengthen their businesses, stabilize and increase their incomes, create additional employment and contribute to the economic revitalization of their communities.

ELIGIBILITY

CEF lends to businesses anywhere in the State of Colorado.
Liquor stores, bars and certain other businesses are not eligible.
Loan funds may not be used for owner's salaries, personal expenses, delinquent taxes and certain other purposes.

LOAN TERMS

Loan amounts range from $1,000 to $250,000
Current interest rates range from 9% to 14% per year
Loans may be amortized up to 7 years or longer in some cases
Fees may include the following:
- Loan application fee of $25 per owner or cosigner
- Commitment fee between 1.5% to 5%
- $100 per year technical assistance fee and other fees for document recording, etc.
Any person or entity with over 20% ownership interest in the business must guarantee the loan. CEF may also request a cosigner or additional guarantor in some cases. This may be a person who does not live in the applicant's household and is not a principal member of the business. Cosigners/Guarantors must have good credit and the capacity to make the loan payment.