The City of Boulder, in partnership with local participant lenders, has created the Boulder Owner-Occupied Loan Pool.  The purpose of this program is to help businesses remain in Boulder by becoming owners of their business location versus renters. The Loan Pool provides a source of capital to facilitate the purchase of owner-occupied business real estate.

How Does It Work?
The loan program is designed to lower the down payment for owner-occupied real estate to 5% for business real estate purchased in the City of Boulder.  Loans will  be made in conjunction with the U.S. Small Business Administration’s “504” loan program (SBA-504).

Who Can Apply?
Eligible businesses are Primary Employers who purchase or build a facility in the City of Boulder. “Primary Employers” are defined as those who derive 75% or more of their revenue from outside of the county of Boulder. Borrowers also must be SBA-504 eligible.

SBA 504 loans are intended for small and medium-sized for-profit businesses, defined as follows: business net worth of not more than $7 million and/or net income, after taxes, not to exceed $2.5 MM for the last 2 years. The operating company must occupy at least 51% of the total square footage of the project building(s) if an existing structure is purchased and at least 60% for a new structure. Costs of expansion and renovation of the owner-occupied part of the building can be included in the SBA 504 financing.

Find Out More...
If you have more questions or would like to apply for the Boulder Owner-Occupied Loan Pool, please contact us by email at Lewis@BoulderLoanPool.org or by phone at:

303-565-8840

Participants: