The Best Banks and Agencies to Get Money Loans in Denver, Colorado They offer different feasible options when it comes to requesting money to cover expenses, pay debts or even to expand a business.
Look at the Best Banks and Agencies to Get Money Loans in Denver, Colorado
In this city there are many small business loan options where you must apply by submitting an application to be eligible. So in case you are looking for loans here you can find affordable alternatives.
It currently has more than 600,000 small businesses, and most of the state’s workers are employed by small businesses. Among the options we find the following:
1.- Colorado Business Loan Fund
This type of agency works by making regional business loans that help small business owners across the state. So small business owners can opt for these types of loans to start a new business or support an existing business.
However, you generally must meet certain retention or job creation requirements in order to be approved for a loan.
When you apply for the loan, you should be prepared to submit a business plan, financial projections, and financial statements. For the most part, small business owners applying for the business loan fund are seeking financing greater than $100,000; however, if your loan request is less than that amount and you have five or fewer employees, you may be eligible for a micro-business loan.
2.- RTI Bridge Loans
This agency is one of the most experienced direct money lenders and is among the best banks and agencies to get money loans in Denver, Colorado. Loans of money for developers and real estate investors are financed here, which can range from bridging loans, repairs and changes to private money loans and commercial acquisitions.
So through this company fast financing is approved with competitive rates and a very reliable service through asset-based loans for different projects and real estate transactions.
3.- Colorado Lending Source
Colorado Lending Source is a nonprofit lender that has been helping residents of this city start and expand their businesses since 1990.
This lender is best known for its SBA loans, and they are government-guaranteed loans that provide low interest rates and long repayment periods for borrowers. Different types of SBA loans include commercial real estate loans, general small business loans, community advantage loans, and microloans.
Microloans refer to character-based loans of up to $50,000. They are available to small business owners who are unable to obtain a conventional loan to start or grow their business. In most counties in this city, these types of loans have a fixed interest rate and a term of eight years.
4.- Colorado Enterprise Fund
Colorado Enterprise Fund is one of the best banks and agencies to get money loans in Denver, Colorado, and it is a non-profit institution that specializes in granting financing to small businesses.
They also offer a support system of small business training, online tools, and mentoring to help you achieve your business goals.
In addition to regular small business loans, this company offers more loans related to healthy food fund programs. It can offer up to $250,000 and is designed for supermarkets, food trucks, farm businesses, and other businesses that have to do with food.
So this lender offers discounted interest rates for food businesses that serve low-income populations and areas with limited access to healthy food.
Similarly, this agency provides loans for small businesses for veterans called “VALUE LOAN” which can be up to $500,000 and grants a term of 10 years. It also generates SBA Community Advantage Loans.
Community Banks of Colorado is a regional bank serving customers throughout the state. It offers a suite of products and services that work with consumers, small businesses, and large commercial firms.
In this way, you can find a term loan and it is a good option when making large commercial investments. However, for personal expenses or a business emergency fund, a business line of credit or business credit cards may be a better option.
In this regard, Community Banks of Colorado also focuses on hard-to-finance industries. They make loans with very competitive terms for healthcare companies, farms, and community associations. So you can get up to 100% financing to buy an existing healthcare practice.
6.- Bank of Colorado
Bank of Colorado has more than 100 years of experience making business loans. Most commercial loan products are available through this agency and it is not limited to using real estate as collateral. Similarly, this company will accept other types of assets as collateral, such as inventory, accounts receivable, and equipment. So you can put your assets to work to provide more growth capital.
Colorado food and agriculture businesses can generate more than $5 billion of economic output each year. Although finding agribusiness loans can be somewhat difficult, this agency has over 100 years of experience working with agribusinesses, which is why they offer special loan programs to help, such as livestock loans for ranchers and ranchers.
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