In response to the COVID-19 pandemic, we established the Greenline Emergency Microloan Program (the “Program”) to provide much-needed funds to minority, women, or veteran-owned small businesses throughout Colorado that have been adversely impacted. Program Loans can be used in addition to the Paycheck Protection Program loans offered through the SBA. The goal of the Program is to enable disadvantaged small businesses to continue operations and retain/support employees through this challenging period of economic trouble and uncertainty. The Program will be administered by Greenline Community Development Fund LLC, an affiliate of Greenline that has been certified as a community development financial institution (CDFI) by the U.S. Treasury Department. Loan Amount: Loans are available for $5,000 up to $25,000. Interest / Amortization: No interest and principal payments for the first six months, followed by 54 months of principal and interest payments utilizing a 2.00% interest rate and level amortization. Maturity: 60 months / 5 years. Fees: There are no fees whatsoever (application, origination, exit) or prepayment penalties.
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