Are you a small business? Loans should be available by February 2021. Information will be shared here when you can apply. 

What is the CLIMBER Loan Fund Program?

Federal resources have provided a much-needed lifeline for many Colorado businesses, but the State predicts that additional support will be necessary for small businesses. Particularly small business that have fewer lending opportunities to weather the long-term effects of the COVID-19 pandemic. 

During the next two years the CLIMBER Loan Fund program will seek to distribute $250,000 million in working capital loans to businesses of 5 to 99 employees that were doing well before the coronavirus pandemic hit. 

The CLIMBER program will begin to launch their first tranche near the end of January 2021 and will continue to offer additional lending options throughout the month of February 2021.

The Colorado General Assembly, the Governor, the Treasurer, OEDIT, and CHFA, as well as the CLIMBER Oversight Board, have been working to establish and stand up the CLIMBER loan fund to support Colorado small businesses, save jobs, and help support the Colorado economy.
 

If you are a small business or lender please go to http://www.climber-colorado.com/ (under construction) for the application processes and lender information. 

TO READ MORE ABOUT CLIMBER SEE PROGRESS REPORT HERE

Oversight Board

Overall program oversight will come from a 5-member Small Business Recovery Oversight Board, chaired by the State Treasurer.  In addition to the Treasurer, the members of the Board include the designee of the Director of the Colorado Minority Business Office, and three appointed members with executive-level experience in banking or capital markets. The Board is charged by statute for developing criteria for loan eligibility, setting loan product parameters, ensuring equitable access to capital across all 64 Colorado counties, collecting loan data, and establishing other requirements.

Board Members:

Treasurer Dave Young, Chair

Akasha Absher

Peter Calamari

Monique Lovato, Minority Business Office designee

Doug Price

 Click Here to be Notified of Board Meetings