Colorado Communities of Color Loan Fund
Funding Amount
$10,000 - $250,000
Deadline
Rolling / Open
Grant Type
foundation
Overview
Colorado Communities of Color Loan Fund
Funder: Latino Community Foundation of Colorado
Type: Revolving loan fund (not a grant)
Fund Size: $3 million initial investment
Geographic Scope: Colorado
Program Duration: Five-year pilot project
Status: CURRENTLY CLOSED - Not accepting applications. LCFC is updating processes and anticipates reopening to applications in Q3 2025.
Purpose
Ensure access to capital to nonprofit organizations led by and serving communities of color. Addresses chronic undercapitalization and financial instability that prevents long-term strategy development and impacts day-to-day nonprofit management.- Interest Rate: 0% to 2%
- Loan Amount: Minimum $10,000, Maximum $250,000
- Payoff Period: 1 to 5 years
- Maximum Loan Size: Not to exceed 20% of the organization's annual operating budget
Loan Terms
- Cash flow needs related to reimbursement contracts
- Social enterprise launch or expansion
- Capital investments or improvements
Eligible Uses of Funds
- Nonprofit organizations led by and/or serving communities of color
- Colorado-based
Eligibility
Oversight
Community Advisory Committee comprised of community leaders with majority representing communities of color, responsible for loan approvals, vetting, and determining risk tolerance.Community Advisory Committee Members:
Contact Information:
Focus Areas & Funding Uses
Fields of Work
Categories
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