Centennial Small Business Loan Fund

Program Status: Open.

The City of Centennial partners with the Colorado Enterprise Fund (CEF) to offer small business loans to small business owners in Centennial. This community loan fund exists to provide an affordable, flexible loan solution for those unable to obtain traditional loan financing to start or grow their business.

Who Can Apply?

• New or existing business whose primary office is located in the City of Centennial
• Small businesses not eligible for financing through a traditional bank
• A licensed Centennial business that is in good standing and in full compliance with all rules and regulations required by the City
• Generally, businesses with revenues less than $2M/year
• Generally, small businesses with less than 20 full-time employees

Loan amount and terms

• Up to $50k (If you need a larger loan amount, CEF has other loan products to supplement this lending source)
• Terms vary based on use and amount, but can be up to 60 months
• Fixed Rate

Loan uses

• Working capital
• Equipment
• Inventory
• Lease payments or commercial loan obligations
• Refinance or debt consolidation
• Tenant finish or property improvements
• Purchase of a business

Start The Loan Process

CEF and Centennial Partnership Statistics

• 15 Centennial businesses served by Colorado Enterprise Fund
• Approximately $432,235 in loans dispersed to Centennial businesses since 2020
• 70 jobs created/retained in Centennial

Additional CEF Resources

• Specialized loans
• FREE business navigation services
• Online customer portal