Please Sign in

Need to register? Click here
Forgot password? Click here | Privacy Policy

Forgot Password

Back to Sign In

Create an Account with us

In order to continue please create an account. Already have one? Sign In



FINANCING YOUR BUSINESS

 

ADVANCE LONGMONT STARTUP GRANT

The purpose of the Advance Longmont Startup Grant Program is to reimburse for profit, brick and mortar businesses starting up within the City of Longmont Targeted Investment Area (map provided here). The Advance Longmont Startup Grant Program can also be utilized by businesses for converting and making permanent upgrades and improvements to their properties within the same Targeted Investment Areas. The program will provide a grant of up to $3,000 for eligible business startup costs. This grant money is subject to funding availability and the qualification of the business applicant. A pre-application meeting is required.  For more information, please contact Ariel Wishkovsky at ariel@longmont.orgAdvance Longmont Startup Grant Application
Advance Longmont Vendor Request Form & W-9

 

ADVANCE LONGMONT TARGET INDUSTRIES GRANT

The Advance Longmont Target Industries Grant is designed to support Longmont’s Primary and Local businesses in their expansion efforts.  Utilizing Envision Longmont’s code update and the Advance Longmont Target Industries, the Advance Longmont Target Industries Grant functions by attracting and supporting new and expanding businesses to the area, assisting business owners with building improvements, and assisting with the cost of permitting and licensing, regulatory compliance, equipment purchases or exterior and façade improvements. This program will only reimburse eligible expenses, up to the preapproved grant amount, for projects that have been previewed and accepted administratively.  The Advance Longmont Target Industries Grant is awarded with a cap at $10,000 with a priority given to Longmont businesses. A deep understanding of how these funds will be utilized is imperative to executing a successful application submission. For more information, please contact Ariel at ariel@longmont.orgAdvance Longmont Target Industries Grant Application
Advance Longmont Vendor Request Form & W-9
 

RETAIL CONVERSION GRANT PROGRAM

The purpose of the Retail Conversion Grant Program is to reimburse retail storefront businesses for converting and upgrading previously non-retail properties in the Longmont Downtown Development Authority (LDDA) District to encourage additional retail development. Destination retail, craft, and culinary space businesses generating significant foot traffic that are consistent with the LDDA Master Plan of Development and the Advance Longmont Strategic Plan are required. The program will provide a grant up to 25% of eligible project costs (not to exceed $22,500), from the LDDA and the Longmont Economic Development Partnership (LEDP) combined for qualifying improvements to qualified applicants. Grants are subject to LDDA and LEDP approval prior to project commencement. If the project work is completed prior to grant approval, the grant application is forfeited and ineligible for funding. This grant is a reimbursement with funds disbursed after the project has been completed, paid, inspected, and retail sales tax collection has begun.
 

SMALL BUSINESS LENDING PROGRAM

The Small Business Lending Program is a partnership between the Economic Council, the City of Longmont, and the Colorado Enterprise Fund. This program is designed to provide loans up to $50,000 for business and non-profit organizations that have yet to qualify for traditional financing. Loans for typical small businesses and acquisition of real estate are available depending on the needs of the business.  Please contact Ariel Wishkovsky at 303-651-0128 or email ariel@longmont.org to discuss your funding needs.
 

SBA LOANS

  • SBA 504 | The Small Business Administration’s 504 loan program provides financing assistance for small businesses making fixed asset investments, for projects ranging from $125,000 to several million dollars, which will create or retain jobs.  learn more
  • SBA 7A | The Small Business Administration’s most common loan program, the 7(a) Loan Program, includes financial help for businesses with special requirements. The requirements of eligibility are based on specific aspects of the business and its principals such as what the business does to receive its income, the character of its ownership and where the business operates.  A 7(a) loan, can be used to help finance a large variety of business purposes.   learn more
  • For a full list of local SBA lenders, click here.
 

MICRO LENDERS

Micro Lenders can potentially provide business loans to individuals who do not qualify for traditional business loans.
  • Colorado Enterprise Fund | Colorado Enterprise Fund lends to start-ups and existing small businesses throughout Colorado. Their small business loans range from $1,000 to $500,000, with variable rates and terms. Their lending guidelines are more flexible than traditional banks.  learn more
  • The Colorado Lending Source | Colorado Lending serves as a bridge connecting small business owners with the loan programs, lenders and support they need to succeed. A Small Business Administration Community Advantage Loan can offer financing from $50,000 to $250,000 for a variety of business needs.  This loan is an SBA 7(a) loan that is financed by a mission-based lender like the Colorado Lending Source, rather than directly through a bank.  learn more
  • Accion | Accion helps increase access to business credit, make loans and provide training to help entrepreneurs make their businesses thrive.  Accion offers small business loans ranging from $1,000 to $1,000,000 and other support, including credit reporting, business counseling, publicity opportunities and educational business resource events.  learn more
  • CSI Factoring LLC | If your business is experiencing or projecting a cash shortfall, CSI Factoring can help you sidestep a potential cash crisis.  CSI Factoring offers a funding alternative. They can help to finance your company’s Accounts Receivable to provide your business with financial relief.  learn more
  • P2B Investor | P2Binvestor offers a revolving line of credit to business owners, that is secured by assets like receivables, inventory, and monthly recurring revenue (MRR).  They can facilitate the lending and reporting process.  learn more
 

CROWDFUNDING 

To help you learn more about this growing source of small business funding:


SMALL BUSINESS INNOVATION RESEARCH (SBIR) PROGRAM

The SBIR is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization. By including qualified small businesses in the nation's R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs. learn more
 

SMALL BUSINESS TECHNOLOGY TRANSFER (STTR) PROGRAM

The STTR is another program that expands funding opportunities in the federal innovation research and development (R&D) arena. Central to the program is expansion of the public/private sector partnership to include the joint venture opportunities for small businesses and nonprofit research institutions. The unique feature of the STTR program is the requirement for the small business to formally collaborate with a research institution in Phase I and Phase II. STTR's most important role is to bridge the gap between performance of basic science and commercialization of resulting innovations.  learn more
Longmont Economic Development Partnership
630 15th Avenue, Suite 100A
Longmont, CO 80501
Site Map
© 2015 Longmont Economic Development Partnership © Powered by Community Systems Site created by Atlas Advertising