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OPI Loan Basics

  • Owner equity required for loans.
  • Term of loan not to exceed 10 years.
  • Interest rate +/- 2 points on New York Prime.
  • Collateral requirements and personal guarantees based on individual applications.
  • $50 application fee due at application submittal.
  • 2% origination fee due at loan closing.
  • The business is required to create or retain one job for every $20,000 borrowed for most loan funds.
  • At least 51% of jobs must be filled with income-qualifying individuals for most loan funds.

Downloads

Fillable BLF Loan Application (pdf)

Download

Personal Financial Statement (xlsx)

Download

Cash Flow Spreadsheet (xlsx)

Download

SCORE Business Mentorship

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Additional Business Support

Business Consulting

Business Consulting

Business Consulting

Otero Partners, Inc. (OPI) is partnered with the Small Business Development Center (SBDC) to provide business consulting services to new and existing small businesses.

Connect with SBDC

SCEDD

Business Consulting

Business Consulting

 Supporting economic development in southern Colorado – Baca, Bent, Chaffee, Crowley, Custer, Fremont, Huerfano, Kiowa, Lake, Las Animas, Otero, Pueblo, and Prowers. 

Connect with SCEDD

SECED

Business Consulting

SECED

Promoting redevelopment, attraction of businesses, expansion of tourism, and economic growth of member counties: Baca, Bent, Crowley, Kiowa, Otero and Prowers. 

Connect with SECED

Otero Partners, Inc.

Otero Partners, Inc.

13 West 3rd Street (RM 212), La Junta, Colorado 81050, United States

719-241-4992 dberg@oterogov.org

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Otero Partners, Inc.

719-241-4992

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