Contact Region 10 LEAP for Economic Development
- Address
- 300 North Cascade Street Suite 1 Montrose, CO 81401
- Phone
- 970-249-2436
- [email protected]
Where they lend
Region 10 LEAP for Economic Development is an SBA-approved microloan intermediary serving Colorado.
What an SBA microloan is
The SBA does not lend directly. It funds intermediaries like Region 10 LEAP for Economic Development, who lend up to $50,000 to small businesses and start-ups that banks usually turn down. The average loan is around $13,000, terms run up to seven years, and decisions rest with the intermediary rather than the SBA.
Almost every intermediary asks for the same things: a written business plan, financial projections, what the money is for, and your credit history. The plan is where most applications stall.
Before you apply
Region 10 LEAP for Economic Development will ask for a business plan with your application. We write SBA-ready plans built for microloan applications, with the financial projections lenders expect.
