My Favorites
My Favorites
Add Page
Add Page
Print
Print
You have 0 items saved in "My Favorites"
Use "My Favorites" to collect pages, downloads, properties, companies, and reports that you would like to keep in one place. To store a page, click on the "Add to My Favorites" button at the top of the page. To store a download, click on the plus button next to the download link. To store a property or company or community, click on the "Add to My Favorites" button listed next to each listing. Reports that are generated are automatically saved to My Favorites. My Favorites will be saved for seven days.



FINANCING YOUR BUSINESS

 

ADVANCE LONGMONT SMALL BUSINESS GRANT

The Advance Longmont Small Business Grant can be awarded based on either retail sales tax generation, or new job creation in the community.  Grant funds are available to businesses for making permanent upgrades and improvements to their properties, or for eligible startup costs such as utility connections, licensing fees or marketing costs. The grant will provide up to 25% of eligible property improvement costs up to $7,000, or up to $2,000 for eligible startup costs.  A business must be a brick and mortar business located within a targeted investment area in the city to qualify for a property improvement grant and can be located anywhere in the city to qualify for a grant to help fund startup costs. Click here for your Advance Longmont Small Business Grant packet.
 

RETAIL CONVERSION GRANT PROGRAM

The Retail Conversion Grant program is to reimburse retail storefront businesses, for converting and upgrading previously non-retail properties in the Downtown Development Authority (DDA) District to encourage additional retail development. The program will provide a grant of up to $7,500 for improvements to qualified applicants. Additional matching funds may be provided by the DDA. Click here for your Retail Conversion Grant Program packet.
 

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 Janine Ledingham, Small Business Director at 303-651-0128 or email janine@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:
 

STATE FUNDING AND INCENTIVES

Colorado offers various tax incentives, funding programs, and other support that you need to succeed. learn more here.
Jeff Kraft, Director of Business Funding & Incentives                            
Phone: (303) 892-3840   Email
 

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