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CASTLE ROCK
CommUNITYBusiness Loan Program
The Castle Rock CommUNITY Business Loan Program is available to
businesses located within the Town of Castle Rock who have been
impacted by the COVID-19 pandemic. The intent of these $25,000
loans is to help small businesses survive and retain employees
during these challenging times. Financing is available over
twenty-four months (two years) at an interest rate of 0.00%. No
repayments of principal are due during the first SIX months of the
loan. Monthly payments over the remaining EIGHTEEN months will be
$1,388.89.
The Castle Rock CommUNITY Business Loan Program is open to any
Castle Rock-based business with a brick and mortar location, in
good standing with the Town, and who has applied for (but not
necessarily received) an SBA Disaster Relief or SBA PPP loan.
Franchise businesses based in Castle Rock with a franchisee that
resides in Douglas County are eligible to apply for funding.
Ineligible businesses include: nefarious businesses; home based
businesses, business owners with a recent bankruptcy; and,
non-profit organizations. Successful loan recipients will open a
business account at FirsTier Bank of Castle Rock to receive loan
proceeds with service charges waived for 24 months.
Company Name: DBA / Trade Name: Tax ID #:
Primary Phone #: Website: Email:
Street Address: Unit or Suite #:
City: Zip: County:
Date Established: Legal Structure of Business: State
Incorporated:
Person Completing this Application: Type of Business:
How many full time employees did you have as of 02/15/2020?
How many full time employees do you have now?
How many full time employees do you hope to have on
12/31/20?
Who do you currently bank with?
Have you, a family member, or close relative owned a small
business before? Me Parent(s) Relative
How did you find out about the Castle Rock CommUNITY loan
program? Social Media TV/Radio/Newspaper Town of Castle Rock Castle
Rock EDC
Chamber of Commerce Downtown Alliance Word of Mouth Other
Is your business (check all that apply)? Brand New? (not yet
open for business)
Less than Two Years Old?
Buying an Existing Business?
Woman Owned? 51% or more
Minority Owned? 51% or more
Veteran Owned? 51% or more
Disabled Owned? 51% or more
Young Entrepreneur? born on or after 1980
LGBT Owned? 51% or more
An Exporter? 10% or more sales exported
A Manufacturer / Maker?
Based in a Rural community?
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How do you plan to use the requested funding?
Please introduce / describe the management team for your
business? What sort of background do you have and who else is
helping you run / manage your business? Do you have an advisor or
mentor?
What accounting system or program do you use to keep track of
income and expenses?
How is the business owned? Please complete the following table
for everyone with any ownership interest in your business. (Attach
a separate sheet to show 100%.) Demographic information is being
collected by Colorado Lending Source solely for the purposes of
economic development reporting.
Name Title Ownership %
Demographic Information (please check all that apply): Male
Female Veteran Service Disabled Hispanic/Latino American Indian
Asian Black Eskimo/Native Hawaiian MultiGroup Puerto Rican
Undetermined White
Demographic Information (please check all that apply): Male
Female Veteran Service Disabled Hispanic/Latino American Indian
Asian Black Eskimo/Native Hawaiian MultiGroup Puerto Rican
Undetermined White
Demographic Information (please check all that apply): Male
Female Veteran Service Disabled Hispanic/Latino American Indian
Asian Black Eskimo/Native Hawaiian MultiGroup Puerto Rican
Undetermined White
Demographic Information (please check all that apply): Male
Female Veteran Service Disabled Hispanic/Latino American Indian
Asian Black Eskimo/Native Hawaiian MultiGroup Puerto Rican
Undetermined White
Demographic Information (please check all that apply): Male
Female Veteran Service Disabled Hispanic/Latino American Indian
Asian Black Eskimo/Native Hawaiian MultiGroup Puerto Rican
Undetermined White
Total Ownership =
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Does your small business have any existing loans or other
obligations? Please list all current notes, lines of credit,
mortgages, credit card, and, any other loans due to any
organization or individual.
Lender Original Amount $Funded
DatePresentBalance
InterestRate
MaturityDate
MonthlyPayment Collateral
How has the Covid-19 pandemic impacted your business?
What initiatives have you taken to reduce costs, defer loan
payments, etc. to help you survive?
Please share your re-opening plans
In addition to completing and returning this application and a
personal financial statement (at-tached), for every 20%+ owner of
the business applicant, please provide copies of:
BUSINESS YEAR-END FINANCIAL STATEMENTS: Copy of the 2019
year-end business financial statement (Profit & Loss statement
plus a Balance Sheet) OR a copy of your 2019 tax return.
INTERIM BUSINESS FINANCIAL STATEMENTS: Copy of the March 31 2020
(or more recent) business financial statements (Profit & Loss
statement plus a Balance Sheet).
DRIVERS LICENSES or other acceptable government-issued form of
identification for anyone owning 20% or more of the business
involved with this loan application.
Required Certifications As part of your application, we ask you
to acknowledge the following by putting your initials next to each
true statement:
____ The business applying for this loan is an equal opportunity
employer and complies fully with all Colorado and federal laws with
regard to discrimination and unfair employment practices. The
applicant business does not discriminate against any employee or
applicant for employment, nor against any person purchasing the
applicants products or services, on the basis of race, creed,
color, national origin, sex, marital status, familial status,
religious belief, ancestry, mental or physical handicap, or
age.
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____ At least 51% of the ownership of the business applicant is
held by U.S. Citizens or by legal permanent residents.
____ The business applicant maintains workers compensation
insurance in accordance with and as required by the State of
Colorado.
____ The business applicant and all 20% or more owners of the
business and / or any affiliated businesses, have disclosed
information relating to any bankruptcies, personal or business.
____ The business applicant business and all 20% or more owners
of the business and / or any affiliated businesses, are NOT
involved in any existing or pending lawsuits.
____ The business applicant and all 20% or more owners of the
applicant business and / or any affiliated businesses are NOT
delinquent on any federal obligations nor any child support
requirements.
The Castle Rock CommUNITY Business Loan Program is open to any
Castle Rock-based business with a brick and mortar location in good
standing with the Town, and who has applied for (but not necessary
received) an SBA Disaster Relief or PPP loan. Franchise businesses
based in Castle Rock with a franchisee that resides in Douglas
County are eligible to apply for funding. Ineligible businesses
include: nefarious businesses; home based businesses, business
owners with a recent bankruptcy; and, non-profit organizations.
All Castle Rock CommUNITY Business loans will be fully amortized
over 24 months with an interest rate of 0.00%. No payments are due
the first six months after the loan funds. There are NO loan
processing or origination fees. The loan may be prepaid in whole or
part at any time without penalty. Please submit this completed loan
application together with other requested items, to:
[email protected]
FirsTier Bank, Castle Rock Economic Development, and Colorado
Lending Source commits to protecting any and all personal
informa-tion provided in conjunction with a loan application, and
also commits to collect and disclose this information only as
allowed by law.
The undersigned, as the duly authorized representative of the
business applying for assistance under the Castle Rock CommUNITY
Business Loan, consents to the sharing of information, both
business and personal, related to this loan application.
Signed: _____________________________________
Name: ______________________________________
Title: _______________________________________
Date: _______________________________________
Company: ___________________________________
The Castle Rock CommUNITY Loan Program is powered by:
Colorado Lending Source, Ltd.1441 18th Street, Suite 100, Denver
CO 80202 Tel: 303-657-0010
www.ColoradoLendingSource.org
[email protected]
“Remarkably different business lending”
Loan application updated 07/28/2020 © 2020 Colorado Lending
SourcePage 4
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Date: Company:
