Project Description

Construction Capital Fund

Program Details

The Construction Capital Fund provides working capital to construction and construction-related businesses in preparation for bid submission as prime or sub-contractors on projects for the Durango 9-R Bond Program. The goal of this fund is to help provide access to capital for entrepreneurs / small contractors who would not normally be able to undertake large contracts. This fund is a collaboration between First Southwest Community Fund, First Southwest Bank and Region 9 EDD.

About the Loan

  • Loan Amount: $10,000 – $5,000,000
  • Interest rate: 3-6%
  • Use of Proceeds: Working capital/operating needs, equipment purchases, inventory
  • Loan Term: Up to 10 years
  • Payment Deferral: Initial payment deferrals may be available
  • Eligibility: Any company based within 75 miles of Durango/La Plata who is bidding as a prime or sub-contractor or contracted supplier on the Durango 9-R Bond Program. Must be licensed to do business and in good standing in Colorado.

All loans are subject to underwriting criteria.

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