The Northwest Loan Fund (NLF) can guide you to the right combination of funding. Contact Anita Cameron, Director of Business Lending, if you: want to expand, acquire, or start a business; are looking for favorable rates; just have questions. We are particularly interested new or growing businesses. Generally loan amounts are between $5,000 and $500,000. Rates and fees are very favorable.
Contact Anita Cameron, 970.468.0295 x119 for more information. Since May 2014, the Northwest Loan Fund: Made 26 Loans for a total of $1.7 million; Helped create 71 jobs.
Contact Anita Cameron, Director of Business Lending, if you:
- want to expand, acquire, or start a business.
- are looking for favorable rates.
- just have questions.
The Northwest Loan Fund (NLF) offers business loans that will bring value to the local economy in the 9 Northwest counties we serve: Eagle, Garfield, Grand, Jackson, Moffat, Pitkin, Rio Blanco, Routt, and Summit.
Over the past 2 years, the Northwest Loan Fund has loaned over $1,036,000 to 19 local businesses and entrepreneurs creating 46 jobs in our Northwest Territory.
NORTHWEST LOAN FUND GUIDELINES:
We are particularly interested new or growing businesses.
We look for a mix of collateral, investment percentage, what the loan will be used for along with overall business sustainability. We can take a collateral position behind other lenders to encourage other lender involvement
The size and term of the loan can vary, but generally we look for amounts between $5,000 and $500,000. Rates and fees are very favorable. A fee of 2% is assessed when the loan is closed.
THE APPROVAL PROCESS:
Once all of the documents on the application checklist have been received, the analysis process can begin.
Keep in mind each situation is unique, and each loan application proceeds at a different pace depending on the complexity of the application.
Loans are reviewed by the Loan Committee which is comprised of business leaders from each of the nine Northwest counties. We ask that loan applications be submitted in advance with ample time for the application to be analyzed and a written recommendation created for the review.
Please contact Anita, before submitting the loan application so she can ensure your application will be a fit for the Northwest Loan Fund and you are aware of the best funding options for your needs.
The Northwest Loan Fund assisted Vail Brewing Co. and Mountain Water Works with their funding. Both companies are located in Eagle County, one of the 9 counties served by the Northwest Loan Fund. We invite you to read about Vail Brewing Co. and their experience with the Northwest Loan Fund at Vail Daily.