CDBG Business Loan Funds

CDBG Business Loan Funds

Every year, the State of Colorado receives an allocation of federal funds to use for both community and economic development efforts within the state. OEDIT receives approximately one-third of the state’s annual allocation of funds to use specifically for economic development efforts statewide. Specifically, we use this funding to aid the state’s Business Loan Funds.

Currently, Colorado has 14 Business Loan Fund locations, which have service areas covering the majority of the state’s rural areas. These 14 programs are responsible for promoting and fostering economic development efforts at the local level by providing financial assistance in the form of loans and loan guarantees to businesses in their respective regions. The loan program is locally driven, with each loan fund having its own local loan review committee and local Board of Directors. Colorado uses federal funds and Community Development Block Grant Funds (CDBG Funds) it receives to provide funding to aid the state’s Business Loan Funds.

Click here for a program fact sheet.

Business Loan Fund locations, including current loan fund administrator, are as follows:

REGION 1

Logan, Morgan, Washington, Yuma, Phillips & Sedgwick Counties
Northeastern Colorado BLF
Valerie Hibbert
[email protected]
(970) 848-3150

REGION 2

Larimer & Weld Counties
Upstate Colorado Economic Development
Ray Knapp
[email protected]
(970) 356-4565
www.upstatecolorado.org/

REGION 3

Gilpin and Clear Creek Counties
Clear Creek Economic Development Corp.
Lindsey Valdez
[email protected]
(303) 569-2133

REGION 4

El Paso Counties
Pikes Peak Regional Development Corp.
Douglas F. Adams, Christine Ressler
[email protected][email protected]
(719) 471-2044
http://pprdc.com/

REGION 5

Elbert, Lincoln, Kit Carson and Cheyenne Counties
Prairie Development Corporation
Candace Payne
[email protected]
(719) 348-5562
www.prairiedevelopment.com/businessclimate/businessinvestment.htm

REGION 6

Crowley, Kiowa, Bent, Prowers and Baca Counties
Southeast Colorado Enterprise Development
Stephanie Gonzales, Jim Earl
[email protected]
(719) 336-3850
www.seced.net

REGION 7

Pueblo Counties
NeighborWorks of Pueblo
Ashleigh Winans, Rosella Parra
[email protected], [email protected]
(719) 544-8078
www.nwsoco.org

REGION 8

Saguache, Mineral, Rio Grande, Alamosa, Conejos and Costilla Counties
San Luis Valley Development Resource Group
Kevin Wilkins, Sarah Stoeber
[email protected], [email protected]
(719) 589-6099
www.slvdrg.org/

REGION 9

Dolores, San Juan, Montezuma, La Plata and Archuleta Counties
Region 9 Economic Development District of SW Colo.
Laura Lewis, Jenny Stollar, Brian Rose
[email protected], [email protected], [email protected]
(970) 247-9621
www.scan.org

REGION 10

Delta, Gunnison, Montrose, Ouray, San Miguel and Hinsdale Counties
Region 10 League for Economic Assistance & Planning
Michelle Haynes, Dan Scinto
[email protected], [email protected]
(970) 249-2436 ext. 17
www.region10.net/

REGION 11

Mesa Counties
Western Colorado Business Development Corp.
Dean A. DiDario, Helen Roe
[email protected], [email protected]
(970) 243-5242
www.gjincubator.org/

REGION 12

Moffat, Routt, Jackson, Rio Blanco, Grand, Garfield, Eagle, Summit and Pitkin Counties
Northwest Loan Fund
Anita Cameron

[email protected]
(970) 468-0295, (800) 332-3669, Ext. 119
http://nwccog.org/

REGION 13

Lake, Park, Chaffee, Teller, Fremont and Custer Counties
Upper Arkansas Area Development Corp.
Marc Bellantoni
[email protected]
(719) 275-8350
http://chaffeecounty.org/

REGION 14

Otero and Las Animas Counties
Otero/Las Animas Loan Fund
Danelle Berg
[email protected]
(719) 384-6977
http://www.oterogov.com

REGION 15

Previously covered Logan County except for the City of Sterling
(Merged with Region 1)

REGION 16

Huerfano Counties
Huerfano County BLF
Huerfano County Commissioners
(719) 738-2380

View the CDBG Guidebook   
Please note: Entities receiving CDBG assitance may have to comply with various requirements contained in this guidebook, which will vary by project type and scope.

Jill Corbin Bob Todd Manager, Community Development Block Grant Business Programs robert.todd@state.co.us