Pueblo County Community Development Corporation (PCCDC) loan funds provide short-term financing for private, for-profit businesses within Pueblo County, but not within the City of Pueblo. Based on the financial needs of a business, the use of the borrowed funds and borrower’s credit history, typical terms will be for 5-7 years and interest rates will be based on the prime rate. Loan amounts range from $10,000 to $250,000.

PCCDC offers two loan programs: CDBG Direct Loans and Revolved Loans. Both loans are typically used as gap financing in combination with a conventional lender (banks & credit unions).

  • Direct Loans are ideally suited for businesses that meet federal guidelines for small business lending programs.
  • Revolved Loans are more flexible to accommodate unique business issues. 
  • The business must be located in rural Pueblo County (outside city of Pueblo limits)
  • Business must demonstrate that the project being funded is creating new jobs or retaining jobs. For each $20,000 loaned, one new job must be created or retained
  • 60% of total funding package needs to come from other sources
  • CDBG Direct loans have a maximum loan term of ten years
  • Businesses must provide collateral
  • Personal guarantees or co-signatures from the borrowers are generally required
  • Maximum loan is $250,000
  • The business must be located in rural Pueblo County (outside city of Pueblo limits)
  • Businesses must demonstrate that the project being funded is creating new jobs or retaining jobs
  • Maximum loan term of ten years
  • Businesses must provide some form of collateral, however, the RLF may consider a 2nd or 3rd position in order to leverage other lender involvement
  • Personal guarantees or co-signatures from the borrowers are generally required
  • Maximum loan is $250,000

The Pueblo County Community Development Corporation contracts with NeighborWorks of Southern Colorado to administer CDBG Direct and Revolved Loan funds.

Contact NeighborWorks directly at (719) 406-9048, visit their office at 1241 East Routt Ave, Pueblo, CO  81004, or visit their website.