Program Details
The Northwest Colorado Innovation Center (NCIC) Loan Fund offers low-cost loans for entrepreneurs and small business owners.
Who is eligible?
Moffat, Rio Blanco, and Routt Counties
What can you use the program for?
Loan funds may be used for equipment, vehicles, working capital, inventory, software, IT systems, ESA Phase 1, training, certifications, studies, and facility renovations or upgrades. Projects must support job creation.
Funding excludes goods or services that are illegal under federal law (e.g., marijuana, psychedelic mushrooms) and businesses focused solely on products that impact health and morale (e.g., distilleries, tobacco shops, CBD, or liquor stores). Distilleries that serve food may be eligible for partial (prorated) funding.
Loan terms:
- Loan amount: $5,000 to $15,000
- Interest rate: 5%
- Loan origination fee: 1%
- Term: 2-4 years
For questions and to apply, contact: