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Non-Profit Lending Sources in the Valley
There are two major non-profit organization
which grant business loans in the San Luis Valley.
Christian Community Services operates the Entrepreneur Loan Center, which
provides loans and loan guarantees to those who are denied at a commercial
bank. ELC serves all six counties in the Valley. They provide guarantees
for $1,000 to $19,500 and direct loans for $300 to $1000. Technical assistance
is also offered to loan recipients in the form of 50/50 cost share for
assistance, topic-specific workshops and one-on-one counselling. For more
information on ELC programs, contact Christian Community Services in Alamosa
at [719] 589-5192.
Development Resources Group provides loans to clients in similar situations
[denied by a commercial bank]. DRG is located in Alamosa and services
the same six-county region. DRG provides two major sources of funding
for small business: the Revolving Loan Fund and the Micro Enterprise Loan.
DRG specializes in gap financing. This means that they don't provide
the main source of funding, but will fill in the gap between what
you currently have and what you need. DRG also does not offer any form
of expansion loans [real estate]. For more information on these loans,
contact DRG at [719] 598-6099 or visit their website.
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