Weld County Microloan Fund gets $150,000 expansion

GREELEY — Weld County is providing $150,000 to expand the Weld County Microloan Fund, according to a Colorado Enterprise Fund news release.

The Weld County Microloan Fund, administered by CEF, provides access to capital and coaching for small businesses and startups operating in the county.

The fund was launched in 2013 with a $200,000 investment from the county and a $200,000 match from CEF.  It provides business loans up to $50,000.

Small-business owners interested in applying for and receiving loans from the fund must first become clients of the East Colorado Small Business Development Center in Greeley, where they will receive help with determining their eligibility and assembling a loan package.

“The Colorado Enterprise Fund and Weld County have renewed this fund because it has proven over again how much it helps small businesses throughout the County,” East Colorado SBDC director Lisa Hudson said in a written statement. “The support that the businesses receive through the SBDC, CEF, and the County has created such economic impact that really makes a difference in our communities.”

GREELEY — Weld County is providing $150,000 to expand the Weld County Microloan Fund, according to a Colorado Enterprise Fund news release.

The Weld County Microloan Fund, administered by CEF, provides access to capital and coaching for small businesses and startups operating in the county.

The fund was launched in 2013 with a $200,000 investment from the county and a $200,000 match from CEF.  It provides business loans up to $50,000.

Small-business owners interested in applying for and receiving loans from the fund must first become clients of the East Colorado Small Business Development Center in Greeley, where they will receive help with determining their eligibility and assembling a loan package.

“The Colorado Enterprise Fund and Weld County have renewed this fund because it has proven over again how much it helps small businesses throughout the County,” East Colorado SBDC director Lisa Hudson said in a written statement. “The support that the businesses receive through the SBDC, CEF, and the County has created such economic impact that really makes a difference in our communities.”