First Southwest Bank partners with CHFA to provide unique programs for rural Colorado businesses. See below for different financing opportunities through CHFA.
All loans are subject to credit approval.
Colorado Credit Reserve (CCR)
An extremely quick loan process for small businesses, primarily located in the state of Colorado.
Benefits to Borrowers:
- Quick processing and approval time
- Limited application forms
- Competitive interest rates
- Start-up businesses are eligible
- Maximum loan amount: $250,000
Use of Proceeds:
- Working capital
- Line of credit
- Equipment purchases
Maximum Term: Term Loans – Up to 10 years
Lines of Credit: Perpetual
Eligibility:
- Must be an eligible type of business
- Operating company must be located primarily in the state of Colorado
Green Colorado Credit Reserve (GCCR)
A program designed to assist and promote energy efficiency and renewable energy generation.
Benefits to Borrowers:
- Low, competitive interest rates
- Promotes use of efficient and/or renewable energy
- Maximum loan amount: $250,000
Use of Proceeds:
- Purchase of energy-efficient materials/equipment
- Building improvements to establish use of efficient/renewable energy
Maximum Term: Determined by loan purpose
All terms are subject to the borrower’s ability of repayment
Eligibility:
- Must be an eligible type of business
- Operating company must be located primarily in the State of Colorado
