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Colorado CDBG Business Loan
Rural · Colorado Office of Economic Development and International Trade (OEDIT) · CO
The Colorado CDBG Business Loan is a low-interest gap-financing loan program run by the Colorado Office of Economic Development and International Trade for small businesses in Colorado's rural communities that create or retain jobs, especially for low- and moderate-income workers.
The Colorado CDBG Business Loan is a financing program run by the Colorado Office of Economic Development and International Trade (OEDIT). It channels federal Community Development Block Grant (CDBG) dollars into low-interest, gap-financing loans for small businesses located in Colorado's rural and non-entitlement communities — that is, smaller towns and areas outside the state's larger, federally designated entitlement cities.
This is not a cash grant. It is structured as a low-interest loan meant to fill financing gaps that a business may not be able to cover through conventional bank financing alone. The core requirement tied to the funding is job creation or job retention, with particular emphasis on jobs that benefit low- and moderate-income workers. This ties the program to CDBG's broader federal mission of supporting economic opportunity in underserved communities.
For a small-business owner in rural Colorado, this program matters because it can provide access to capital on more favorable terms than a standard loan, provided the business's growth or hiring plans align with the job-creation and income-benefit goals of the program. Because the source data notes that current award amounts, open funding rounds, and detailed eligibility criteria should be confirmed at the official state site, business owners should not assume any specific loan amount is available without checking directly with OEDIT.
Given that this is a loan rather than a grant, businesses considering this option should be prepared to discuss repayment terms and job-creation commitments with OEDIT or a local administering entity. Details on the current application cycle, specific loan terms, and eligibility should be verified directly through the official Colorado OEDIT webpage listed for this program.
Who qualifies
How to apply
Questions people ask
Is this a grant or a loan?
It is a low-interest loan (gap financing), not a cash grant, despite being funded through CDBG grant dollars to the state.
Do I have to repay the funding?
Yes, since it is structured as a loan, repayment terms apply; confirm at the official source.
Who runs this program?
The Colorado Office of Economic Development and International Trade (OEDIT) administers it.
Who is eligible?
Small businesses in Colorado's rural, non-entitlement communities that create or retain jobs, particularly for low- and moderate-income workers.
How much funding can I get?
The exact amount isn't specified here; confirm current loan amounts at the official source.
Is there a deadline?
The listing says to check current rounds; there's no fixed deadline given.
Where do I apply?
Apply through the official OEDIT page at https://oedit.colorado.gov/community-development-block-grant-business-loan.
Is my business in an eligible area?
Only businesses in rural, non-entitlement Colorado communities qualify; confirm your community's status at the official source.
Is the funding taxable?
This isn't addressed in the available information; confirm at the official source.
What is this funding meant to be used for?
It's meant to fill financing gaps for businesses that create or retain jobs benefiting low- and moderate-income residents.
Is this a federal or state program?
It's a state-administered program that channels federal CDBG dollars.
Do I need to create jobs to qualify?
Yes, job creation or retention, especially for low- and moderate-income workers, is a core eligibility factor.
Opportunity number: not published. Source: curated + verified (official state source, 2026). GetFundedUSA is independent and not affiliated with Colorado Office of Economic Development and International Trade (OEDIT); always confirm current deadlines, amounts and eligibility on the sponsor's own page before applying.