chfa rural development loan program
COMMERCIAL REAL ESTATE LOANS:
CHFA provides financing for growth and expansion. CHFA commercial real estate loans may be used to acquire real estate, expand an existing facility, and/or rehab an existing or new facility. Loan proceeds may also be used to acquire capital equipment.
Up to 90 percent financing in rural areas
20-year loan term with fixed interest rates
Low down payment requirements
program eligibility
At least 51 percent owner-occupied
Three or more years of operating history
applying to chfa Lenders can contact CHFA or subscribe to our weekly eNews for current rates. Lenders may package borrower’s loan applications or have borrowers contact CHFA to apply.
Borrowers must complete a Loan Application, Project Plan, and Personal Financial Statement. All forms are available online. fees CHFA charges a 1 percent commitment fee and prepayment penalties apply for loans greater than $500,000.
To Apply: https://www.chfainfo.com/business-lending/Pages/Contact.aspx
Over the next few weeks we will be featuring Colorado programs to help new businesses start up and existing businesses grow. It’s our intent these resources help balance the influx of information about state and local programs you may be eligible to receive tax credits or grants or loans from.