Finding the money you need from the best possible source is an important consideration for any expanding business. We will work with you to explain and review the various economic development financing programs available, including loan guarantees through the Small Business Administration (SBA) or Private Activity Bonds, and help determine which makes the most sense based on your industry, situation and needs.
Remember that to obtain business financing from a public or private entity, including investors, you must be ready to present a strong business plan. Learn more here.
Denver Economic Development & Opportunity (DEDO) offers two programs that provide gap financing. “Gap” financing is used when the banks and business owner are unable to secure all of the funds necessary to complete the total project amount, leaving a “gap” between the two. In these situations, DEDO may be able to provide the remaining funds:
Revolving Loan Fund
This program can provide up to 25% of a project costs and must be located within specific geographical areas within Denver. Learn more here.
Neighborhood Business Revitalization Loan Program
This program can provide up to 50% of a project’s financing. The availability of this program is limited to specific geographic areas within Denver. Learn more here.
We updated the OED report, the Denver Capital Matrix, in Sept. 2017.
The Colorado Office of Economic Development & International Trade (OEDIT) offers various incentive programs for growing and expanding firms.