Proceeds cannot be used to acquire fixed assets. GreenLine Program GreenLine is intended to finance the short-term, cyclical, working capital needs of a small business. Loan advances will usually be made against a borrower's certified level of inventory and accounts receivable. The initial terms for the line of credit can be up to 5 years but is set by the bank. This program is designed to assist individuals with disabilities and public or private nonprofit organizations for the employment of the handicapped.
Financing is available for starting, acquiring or operating a small business.
HAL-1 applicants must provide evidence that the business is operated in the interest of disabled individuals. The programs are funded either through issuance of taxable or tax exempt bonds, from other CHFA borrowings, or from CHFA's own internal resources. CHFA's Commercial Division offers financing for working capital, machinery, equipment, owner-occupied real estate, and in some cases, refinancing of existing debt. In the case where there is a bank partner, the process can be performed simultaneously with the bank. This program is available to Colorado businesses engaged in any commercial enterprise or agriculture production.