Business Financing

Welcome to Phillips County Economic Development’s Business Financing page, where we’re dedicated to empowering local entrepreneurs and businesses with the financial resources they need to succeed.

Regional FundingPhillips Co Institutions

Here To Help

Whether you’re a startup looking for seed funding or an established company seeking expansion capital, our comprehensive financing solutions cater to a variety of needs and circumstances. From traditional bank loans to government grants and private investment opportunities, we offer guidance and support throughout the financing process.

Our experienced team will work closely with you to understand your unique financial requirements and connect you with the right funding sources. With our commitment to fostering economic growth and prosperity in Phillips County, Colorado, we’re here to help turn your business aspirations into reality. Explore financing options today and take the next step towards achieving your entrepreneurial dreams.

Highline Electric Revolving Loan Fund

Highline Electric has played an active role in the development of our rural communities. Through its board and staff, Highline Electric has provided both leadership and financial participation in the economic development and business expansion of our service territory. Now, through the creation of a Revolving Loan Fund (RLF), Highline Electric is seeking to improve the quality of life in rural areas by helping to leverage projects that create and retain job opportunities for rural residents, that provide technical assistance, education, or medical care to rural businesses or rural residents, that further the use ofadvanced telecommunications services and computer networks for medical, educational, and job training services, and that upgrade the public infrastructure to improve the economic potential of rural areas and the health, safety, and medical care of rural residents.

Northeastern Colorado Revolving Loan Fund

The Northeastern Colorado Revolving Loan Fund provides investment capital to new and expanding businesses to create new employment and expand the economic base of the region. These funds may be used in conjunction with conventional loan sources, not to exceed $250,000 or 35% of the total project needs with a term not to exceed ten years.
Contact Valerie Hibbert at (970)848-3150

Colorado Lending Source

Colorado Lending Source, a Certified Premier Lender, provides long-term, fixed asset loans through the SBA 504 Loan Program. Projects are typically structured with 50% from a lending institution, 40% from SBA and 10% equity from the business.

Colorado Housing & Finance Authority

Colorado Housing & Finance Authority (CHFA) CHFA\’s Business Finance Division offers small business loan programs that provide financing for working capital, machinery, equipment, owner-occupied real estate, and in some cases, refinancing of existing debt. This web site provides details of CHFA\’s finance programs.

United States Department of Agriculture Rural Development

USDA Rural Development operates over fifty financial assistance programs for a variety of rural applications.

Phillips County Local Financial Institutions

Bank of Colorado
Bank of Colorado
133 N Interocean Ave

BMO
BMO

125 S Baxter
Holyoke, CO80734
(970) 854-2297
Website – BMO.com

First Pioneer National Bank
First Pioneer National Bank
150 S Interocean
Holyoke, CO 80734
(970) 854-2227

Website: https://www.fpnb.bank/

Haxtun Community Federal Credit Union

Haxtun Community Federal Credit Union
229 S Colorado Ave
Haxtun, CO 80731
(970) 774-7396
Website – https://www.haxtuncu.com/

Holyoke Community Federal Credit Union

Holyoke Community Federal Credit Union
101 W Denver
Holyoke, CO 80734
(970) 854-3109
Website – https://hcfcu.org/

Points West Community Bank 128 S Colorado Haxtun, CO80731

Points West Community Bank
128 S Colorado
Haxtun, CO80731
(970) 774-6141

Website – https://pwcbank.com/

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