Rural Microentrepreneur Assistance Program

Program Details

The Rural Entrepreneur Assistance Program (RMAP) is a lending program that offers financing to rural Colorado entrepreneurs.

Who is eligible?

To be eligible for the

What can you use the program for?

Loan funds can be used for most business purposes, including, but not limited to:

Customer eligible for up to a portion of their loan in grant dollars for Technical Assistance, available to nonprofits (if 50% of income generated outside of grants & donations).
NO Construction Projects, Borrower Contribution of 25% depending on fund availability, Subordinated Lending, RLOC. Lending cannot exceed 75% of total project cost.

Loan terms:

Amount: $5,000- $50,000
Rate: Fixed, not to exceed WSJP +2% at origination
2% Loan Origination Fee, $650 Packaging Fee
10 years fully amortizing

get Started

Success Stories

Fitch Ranch Real Estate Holding, LLC - Craig

Hoffman Farms -

Greeley

After purchasing a USDA-inspected meat processing plant, Deborah Fitch finished the process for the facility to become a Certified Angus Beef Processing Plant, one of only three operations in Colorado and Wyoming with this certification. As the business grew, it planned to increase cattle and lamb processing and needed additional property. FSWB was able to finance the land purchase, and FSWCF provided assistance with the down payment.

As a third-generation farmer, Hanmei Hoffman moved to the United States and started Hoffman Farms. She has been farming on the north side of Greeley for the past nine seasons, and 2024 will mark her tenth year in operation. Hoffman Farms has grown from three acres of mixed produce in 2015 to over 100 acres of wholesale vegetable production. The farm has focused its efforts on farm-to-school activities and underserved communities. It supplies fresh produce to 14 K-12 school districts along the Front Range, impacting over 175,000 student meals. As part of the growth, Hanmei needed funding to purchase newer equipment and consolidate the farm’s existing financing. With the collaborative funding opportunities through both FSWB and FSWCF, the farm was able to purchase the needed equipment while improving cash flow.

“The biggest challenge to farming is the cost of equipment and the capital needed to expand. Our FSWB and FSWCF loans created cash flow and allowed us to invest in several high-cost pieces of equipment and tools. Our overall gross revenue surpassed our expectations after this investment in equipment. And it helped us expand for the future.”
–Hanmei Hoffman, hoffman farms