Micro Loan Fund
The Peterson Fund and the Women’s Foundation of Colorado Fund are micro-loan programs that provide start-up or expansion money to small businesses in Mesa County. To be eligible for these loans, the business owner must fit the State of Colorado low- to moderate-income guidelines. The initial funding for these programs came from private donations/grants. These funds are specifically for micro-enterprise development and combines basic business education with small loans.
State of Colorado Low to Moderate Income Guidelines
| Type of Household |
1 pers. | 2 pers. | 3 pers. | 4 pers. | 5 pers. | 6 pers. | 7 pers. | 8 pers. |
| Moderate Income |
33600 | 38400 | 43200 | 48000 | 51850 | 55700 | 59550 | 63400 |
| Low Income |
21000 | 24000 | 27000 | 30000 | 32400 | 34800 | 37200 | 39600 |
Loan Guidelines
- Amount: $1,500 to $5,000
- Terms: One to three years
- Interest Rates: Current prime rate
- Loan Uses: Start-up or existing business expenses, including capital expenditure and working capital.
For more information call (970) 243-5242 or e-mail deandd@gjincubator.org or hroe@gjincubator.org
