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Highline Electric has played an active role in the development of our rural communities. Through its board and staff, Highline Electric has provided both leadership and financial participation in the economic development and business expansion of our service territory. Now, through the creation of a Revolving Loan Fund (RLF), Highline Electric is seeking to improve the quality of life in rural areas by helping to leverage projects that create and retain job opportunities for rural residents; that provide technical assistance, education, or medical care to rural businesses or rural residents; that further the use of advanced telecommunications services and computer networks for medical, educational, and job training services; and that upgrade the public infrastructure to improve the economic potential of rural areas and the health, safety, and medical care of rural residents.
The Northeastern Colorado Revolving Loan Fund provides investment capital to new and expanding businesses to create new employment and expand the economic base of the region. These funds may be used in conjunction with conventional loan sources, not to exceed $250,000 or 35% of the total project needs with a term not to exceed ten years.
Contact Valerie Hibbert at (970) 848-3150.
Colorado Lending Source, a Certified Premier Lender, provides long-term, fixed asset loans through the SBA 504 Loan Program. Projects are typically structured with 50% from a lending institution, 40% from SBA and 10% equity from the business.
Colorado Housing & Finance Authority (CHFA) CHFA's Business Finance Division offers small business loan programs that provide financing for working capital, machinery, equipment, owner-occupied real estate, and in some cases, refinancing of existing debt. This web site provides details of CHFA's finance programs.
USDA Rural Development operates over fifty financial assistance programs for a variety of rural applications.