The Greeley Community Development Fund assists with the financial needs of companies expanding in or locating to the City of Greeley. The Weld/Larimer Revolving Loan Fund, the City of Greeley, commercial banks in Greeley and the Hispanic Loan Program have joined together to provide the initial funding for this loan program. Short-term financing or loan guarantee for up to 45% of total project costs. Remaining project costs to be funded through banks, private investors or other loan programs. Minimum loan amount – $20,000. Maximum loan amount – $125,000. Maximum loan term – 5 years. Interest rates – negotiable based on the national prime rate. Use of Funds: business purchase, acquisition, improvement or expansion of borrower-occupied real estate, purchase of equipment, furniture, fixtures and machinery, working capital and inventory, re-financing of existing debt in some cases
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