Welcome New Businesses!

For Immediate Release

Contact Person:  Laura Lewis Marchino, Region 9 EDD ~ 970-247-9621

San Juan Development Association has Microloan funds Announces New Loan Committee Member

Microloan funds are available to San Juan County businesses.  The San Juan Development Association Loan program, which began over 15 years ago, has re-energized.  The purpose of the loan fund is to provide businesses with capital to expand, relocate, and start up that in turn create and retain jobs as well as bring new wealth into San Juan County.

SJDA’s Loan Committee is currently comprised of 4 members: DeAnne Gallegos, Silverton Chamber; Pete McKay, business owner and San Juan County Commissioner; Laura Lewis Marchino, Executive Director of Region 9 EDD; and Darlene Watson, business owner.

Loans are available from $500 to over $7,500 for the following uses:

  • Equipment
  • Inventory
  • Working Capital
  • Renovation of interiors and exteriors
  • Energy efficiency efforts
  • Other fixed assets or training/education

Anyone interested in applying for a microloan can get materials for any Committee member or visit SJDA’s link on the San Juan County website http://sanjuancountycolorado.us/economic-development1.html.

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