Looking for a loan for working capital?

If you are in need of some working capital, need to refinance debt, or purchase equipment and inventory. A CLIMBER loan may be for you. This unique loan offers many advantages to Colorado-based small businesses. 

benefits

  • Loans between $20,000-100,000

  • Fixed interest rate

  • Low fee of only 2.0% of the loan amount

  • No prepayment penalties

interest rate

  • 3-year loan term: 6.01%

  • 4-year loan term: 6.17%

  • 5-year loan term: 6.32%

Eligibility

Businesses must meet one of the following criteria:

  • A for-profit corporation, partnership, or association incorporated in Colorado

  • Filed with the Colorado Secretary of State as a foreign entity authorized in Colorado

  • A nonprofit entity incorporated in Colorado

  • A sole proprietorship owned by a Colorado resident with primary operations in Colorado

Businesses must meet all of the following criteria:

  • Has up to 99 employees

  • Business had a 1-year positive cash flow in the past 5 fiscal years

  • Business has a debt service coverage ratio of at least 1:1

Proceeds are required to be used for working capital, which includes:

  • Inventory, marketing, payroll, operating and emergency maintenance;

  • Current property taxes, utilities, rent, supplies;

  • New or used equipment (tools, machinery, etc.);

  • Regularly scheduled interest and principal payments on mortgages, loans, and other existing business debt;

  • Existing debt that is due within 90 days;

  • Credit cards that were used to pay monthly operating expenses and that the business historically was able to pay off each month (must be less than 1/12 of annual operating costs).

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