equity fund

equity fund

Colorado Loan Fund for Social Equity Licensees

Loans are available to Colorado Social Equity license holders.

It’s open:

2023 application window for zero and low-interest loan funding for cannabis businesses based in Colorado and holding a state social equity license.

Apply between April 24th, 2023 and June
30, 2023 at midnight Mountain time.

Here's what you need to know

Cannabis Business Office (CBO) within the Colorado Office of Economic Development & International Trade launched the Cannabis Business Loan Program for CO Social Equity Licensees. The CBO has partnered with NuProject, a mission-based lender, to provide low-interest loans to Colorado state-licensed social equity licensees with operating and revenue-generating cannabis businesses.

New to loans? Not sure if a loan is right for your business?
 Our capital counselors are ready to coach you through the process.


Loan Details

Loans are available ranging from $50,000 to $150,000. 6% interest for all loans.
Loan terms will range from 36 months to longer depending on business’ projected ability to repay.
We expect to fund 2 to 3 loans in Fall 2023.
Loan process includes providing financial documents, including balance sheet, profit & loss statement, 2021 and/or 2022 tax returns, and projected financials for business after funding. (We can help you in create required documents) There will be subsequent funding rounds for this program before April 2024. Next funding round will open Late Summer or Early Fall 2023.
We encourage you to complete the pre-application early as the sooner we establish a relationship the sooner we can support your business on a path to funding for growth.



Apply for this loan if your business is:
51% owned by Colorado Social Equity Licensees.Marijuana Enforcement Division defines licenses that qualify under this program as:
Revenue-generating business with a minimum of 18- months of sales (sales do not need to be consecutive). Able to show how the business will use loan funds to directly increase revenue within 12 months of funding. What we don’t check is your credit history or require a cash match or down payment.


How to apply

 Interested applicants first  complete a shorter pre-application as step 1.  Our lending team will  select 3 to 4 clients to proceed with the full loan application process and potential funding.
Our lending model is different. We assess loan fit based on owner character, market conditions, and business’ projected cashflow after funding. The lending application process is centered in our value to support your business’ success.
 In step 2, we’ll ask you to complete a full application, submit additional financial documents, including a balance sheet for each of the prior 12 months and cash flow projections for 24 months following funding. We’ll meet with you over several meetings to dive into market assumptions use of funds, and your businesses prior financial history.

Need help completing a 2022 Profit and Loss statement? Have questions about the loan? Meet with us.

Want to ask a quick question? Email loans@nuproject.org

Faith Anderson

VP of Finance & Operations

Faith has more than 20 years of finance and accounting experience with non-cannabis and cannabis, companies. Her cannabis finance experience includes accounting lead for a handful of companies and five years as head of finance for a vertically-integrated cannabis company in Maryland. Faith knows cannabis finance inside and out and has a passion for helping new business owners understand their financials. Faith believes all cannabis businesses should protect themselves by having rigorous and compliant accounting. She also wants to help our clients heal from their money trauma. Schedule a meeting with Faith.

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