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.
| Mesa County’s classification for low/moderate income persons: |
| (determined by family income at the time of hiring) |
| Household Size: Low Income Limit: Moderate Income Limit: |
| 2 persons $24,800 $39.700 |
| 3 persons $27,900 $44,650 |
| 4 persons $31,000 $49,600 |
| 5 persons $33,500 $53,600 |
| 6 persons $36,000 $57,550 |
| 7 persons $38,450 $61,550 |
| 8 persons $40,950 $65,500 |
(revised 1/9/13)
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
