PURPOSE: The Business Revolving Loan Fund (RLF) was established to assist small businesses within the five Southwest Colorado counties comprising Region 9. The main focus of the RLF is to promote business expansion in Southwest Colorado by creating or retaining employment opportunities for low to moderate-income persons. The loan funds are designed to leverage private funds in order to bridge the gap between monies and financing needed for the proposed project.

The purpose of the RLF is to support business activities for which credit is not otherwise available on terms and conditions which would permit completion and/or the successful operation or accomplishment of the project.

Before an RLF loan can be requested, the business in consideration must demonstrate that all other financing alternatives have been exhausted or an insufficient rate of return exist to the business for the project to proceed. Job creation and/or retention must also be included as part of the project. One full time equivalent job must be created or retained for approximately each $20,000 of RLF assistance.

The RLF funds can be utilized for the following primary uses:

==> Capital Equipment
==> Inventory
==> Working Capital
==> Real Estate Purchases

Other secondary uses are allowed with approval from the RLF Loan Committee.