Colorado Business Resource Book

your one-stop resource for everything related to starting a small business in colorado.

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Government Guaranteed and Government Direct Sources of Financing

At all levels of government, there are a number of finance programs to assist you in making your business successful. In most cases, these government programs improve your chances of obtaining financing by providing both longer and more flexible loan terms. In limited instances, some state and local governments do provide direct financing. Guaranteed loans are loans made through commercial lending institutions that are backed by a government agency. With guaranteed loans, the commercial lending institution disburses all loan proceeds and collects all loan payments. Direct loans are loans made directly to the business by the government agency. Each government finance program has its own restrictions and unique qualifications. Program restrictions include geographical location, type of business, eligible uses of loan proceeds, maximum and minimum loan amounts, and required equity injection by the borrower. The first step in obtaining a government guaranteed loan is to contact a commercial lender in your area.

THE COLORADO BUSINESS RESOURCE BOOK IS A COLLABORATIVE EFFORT OF THE:

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Colorado-SBDC

THANK YOU TO OUR SPONSORS FOR MAKING THIS WEBSITE AND PUBLICATION POSSIBLE:

Colorado Business Development Foundation

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www.coloradobdf.org

Small Business Navigator Hotline: 303-592-5920

© 2019 Colorado Business Development Foundation. All rights reserved.

All information within this resource book and website is for informational purposes only and is not intended to be legal, tax, business or other professional advice. It is current to the best of our knowledge as of the date of publication. You should contact an appropriate professional to discuss any issue particular to you or your business and only rely upon your own research into those issues. Use of and access to this resource book or the associated website does not create any relationship between the publisher, authors, and the reader, or any other individual or entity. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAWS, THE MATERIALS AND INFORMATION IN THIS RESOURCE BOOK AND WEBSITE ARE DISTRIBUTED ON AN "AS IS" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE.