Region 9 receives approval for additional loan funds through the Community Development Block Grant

The CDBG is one of several sources of funding for the Region 9 Business Loan Fund program that provides “gap” financing to support job creation and retention in La Plata, Archuleta, Montezuma, Dolores and San Juan counties. In addition to larger loans of $100,000 or more, the CDBG program provides micro-loans to small businesses. So far, this CDBG contract has funded 9 businesses totaling almost $500,000.

For more information on the Business Loan Fund, visit www.scan.org or contact Jenny Stollar at 247-9621 or [email protected].