Colorado Microloans Program
The borrower can have no more than 15 employees at the time the loan is made. The borrower must be documented by the lender as an “underserved small business.” The borrower is a for-profit entity located in Colorado with a majority of employees working in Colorado. In the judgment of the lender, the borrower has substantial possibility to become a viable business with the potential to create good jobs. The borrower must meet the underwriting standards of the lender.
