Centennial Small Business Loan Fund

graphic for Centennial Small Business Loan Fund

Program Status: Open.

In an effort to aid small business owners in the Centennial community, the City of Centennial and Colorado Enterprise Fund (CEF) have teamed up to establish a Small Business Loan Fund. This loan product can be thought of as a bridge to get small businesses to larger resources. CEF’s goal is to guide borrowers through the process of applying for both sources of funding, providing the financial support they need as they wait to access federal emergency relief programs.

Specifics on the loan product offered through the Centennial Small Business Loan Fund:

  • Up to $25,000 loans
  • Up to 6-year term
  • 6 months interest-only payments
  • Quick underwriting/approval once all documents are submitted
  • Quick close and disbursement of funds
  • Align with SBA Disaster Relief Loans (longer-term lending options)
  • Exclusive to City of Centennial businesses

Eligibility Requirements

Businesses must be licensed to operate in Centennial, in full compliance with all rules and regulations required by the City of Centennial and in good standing with the City of Centennial;

At the time of application and throughout the term of the loan, a business must have its primary office/headquarters or operations within the City of Centennial, Colorado;

Home-based businesses are ineligible;

There are no restrictions on the type of business eligible for loans so long as the activities of the business are legal and in the best interests of the community; provided specifically, however, that marijuana businesses that are unlawful within the City of Centennial and sexually oriented businesses as described in Centennial’s Land Development Code are ineligible;

A business must file all standard Colorado Enterprise (CEF) application information and meet CEF's standard underwriting criteria for the type and size of the loan;


What to Expect During the Application Process

Once your application has been received please allow 3 business days for approval, provided that all necessary paperwork has been submitted.

After you have been approved, you will need to accept the loan. Loan closing and disbursement is to be expected within 14 days after acceptance.