Business Adapt-ABILITY Loan Program
If you’re a Wheat Ridge business owner, this program is designed to augment your business’ ability to adapt to unplanned business expenses associated with the COVID-19 pandemic. Learn more and download the application here.
Localworks Improvement Loan Program
If you’re a Wheat Ridge homeowner with ideas of renovating a room or envision new landscaping for your front yard, Localworks has a loan program for helping your vision become reality. Our program is perfect for energy improvements or structural, mechanical and electrical repairs. Plus, any improvement to your home helps increase the value of your property.
This low-interest loan program is also available to Wheat Ridge business owners interested in making dramatic and visible changes with the goal of improving the economic vitality and appearance of your commercial property. We can provide funding to help with your building’s façade facelift for customer attraction and curb appeal, or interior renovations to remain compliant with building codes and avoid fines.
Eligibility: Any resident or business within the city boundaries of Wheat Ridge.
Loan Term: 5 Years (amortized over 20 years)
- Year 1: 0%
- Years 2-5: 1% below WSJ Prime Rate [Final payment ballooned at end of year 5]
- Years 6-10 (if loan extension is requested): 1% above WSJ Prime Rate
Approval Criteria and Process: Evidence of sufficient cash flow to repay loan, and sufficient collateral to secure the debt. Personal guarantees are required. Code compliance and permit(s) with the City of Wheat Ridge are required. Localworks performs an underwriting process and site visit. Final loan approval will be made by the Localworks Loan Committee.
*If you have problems downloading the file, please call the office at (720)259-1030.