Frequently Asked Questions

Where must a business or project be located to receive financing from Seedco Financial-Denver?
We target our general lending primarily in the following neighborhoods: Lincoln Park, Sun Valley, Villa Park, West Colfax, Five Points, Clayton and Montbello. We also give priority to projects located within close proximity of the Colfax Avenue, Federal Boulevard and Brighton Boulevard commercial corridors. However, we will consider projects that can demonstrate a substantial impact on other under-invested areas, or that have the potential to create or retain jobs for low-wage workers. Seedco Financial-Denver's general lending is presently limited to the City and County of Denver, although our federal New Markets Tax Credits for anchor real estate projects exceeding $4 million can be invested anywhere in Colorado.

What are Seedco Financial-Denver's key programmatic areas?
While Seedco Financial-Denver's overarching strategy is neighborhood revitalization, we have also adopted a focus on some other programmatic or sectoral areas that enable us to maximize our community development impact. Our key areas consist of energy conservation/green-build, and arts & culture. We are also developing a loan product that will help small businesses take advantage of sub-contracting opportunities (e.g., as suppliers to larger companies, or as participants on construction projects) in the public and private sectors.

What types of uses does Seedco Financial-Denver's financing support?
Our loans are targeted for working capital as well as furniture, fixtures and equipment (FF&E); land/property acquisition; rehab and construction; and permanent financing.

What size loans does Seedco Financial-Denver provide?
Seedco Financial-Denver's small business and nonprofit loans typically range between $250,000 and $1,000,000. Our real estate loans are presently capped at $1.5 million.

What are Seedco Financial-Denver's interest rates?
Seedco Financial-Denver's interest rates range between 6 and 10 percent. Loan pricing is driven by a number of factors including the level of risk associated with a given deal.

What are Seedco Financial-Denver's terms?
Our loan terms vary depending on the project but tend to be between three and seven years.

What are Seedco Financial-Denver's fees?
We charge clients a closing fee of 2% of the total loan, in addition to legal fees associated with closing.

Are there any additional requirements for start-up businesses?
Yes, we require start-ups to provide a 50% equity investment of the total project cost, which can be in the form of property or cash.

Once my business/organization has submitted an application, how long does it take to receive a decision?
Once Seedco Financial-Denver staff has received a complete application package, we typically notify applicants of our decision in 4-6 weeks. All financing requests must be approved by our Loan Review Committee, which is an arm of the Denver Advisory Board.

How do I apply for a loan from Seedco Financial-Denver?
If you would like more information on Seedco Financial-Denver, or are interested in applying for a loan, please contact us at (303) 297-7403 or gnorth@seedco.org.