The Region 9 Economic Development District of Southwest Colorado has provided $226,000 in no- and low-interest loans to 36 businesses throughout Southwest Colorado, protecting at least 128 jobs in the region.
Region 9 has provided two rounds of funding for loans between $1 and $10,000. Loans were made to seven Archuleta County, nine Montezuma County, one Dolores County and 19 La Plata County applicants. The San Juan Development Association was able to fund eight Silverton businesses through their internal microloan fund which Region 9 staffs.
These businesses received funding: Alpine Aerial Acrobatics, Durango Space, Will Built, IV Fluid, Blackwood Tattoo, Aldrich Art, Cliffside, Dancing Raven, Elk Point Lodge, Enliven, Euphoria Salon, Incognito Salon, Ohana PT, Old Gold, Peaks & Tides, Performance Auto Repair, Remedy, Ski Barn, Enterprise Bar 7 Grill, Pagosa Mountain Sports, Hotel SOCO, In Balance PT, Pagosa Management, Cross Fit Pagosa, Crawford, Cabe’s Automotive, KB Insurance, Mancos Brewing, Moose & More, Top Line Floors, Rudosky Golf, Lambert Livestock, RJN and Luna Mesa.
Region 9 was able to make their available funds go further with help from Montezuma County, town of Pagosa Springs, the Pagosa Springs Community Development Corporation, Coldwell Banker, Dolores County Development corporation and contributions to the Enterprise Zone Business Support Fund, including Coldwell Banker.
Region 9 has also waived April and May interest payments and deferred principal for all loan clients.
For more information, email laura@scan.org.
