Boulder business loan fund now taking applications

Boulder businesses can apply for loans of $5,000 to $25,000 through a program of the $500,000 Boulder Development Fund that was created by legislation following the closure of the Montana Developmental Center.

The Boulder Revolving Loan Fund’s purpose “is to help stimulate economic development activity by assisting the private sector to attract new businesses, create or retain jobs, and provide access to capital for Boulder businesses,” according to a news release provided by Tom Harrington of the Jefferson Local Development Corporation.

“Higher amounts could be considered if a business request demonstrates a significant economic benefit to the City of Boulder,” the news release states.