REVOLVING LOAN FUNDS AVAILABLE

TERMS RELAXED DUE TO COVID-19 CRISIS

 
Committee Will Fast Track Applications - All Local Businesses Encouraged To Apply
 
Lyons, CO, March 18--The Town of Lyons Revolving Loan Fund (RLF) Advisory Committee announces that approximately $85,000 is available at favorable terms for licensed Lyons businesses whose principal office is in the Town of Lyons or the Lyons planning area.
 
The committee has agreed to relax the loan terms given current events. Of note:

• Loans will carry 0% interest
• 12-month term
• First payment will not be due until July 15, 2020
• Value of loan can be up to $10,000

 
In addition, existing RLF borrowers can take advantage of a 60-day moratorium on repayments, effective immediately.
 
Applications will be handled in strict confidence and reviewed by a committee of seven Lyons-area residents.
 
For more details or to apply, please see the rules and standards document and the application document.
 
Please contact the RLF committee chair, Mike Porter mike.porter@pobox.com or  773-633-0503 with any questions. Applicants who would like to speak with a trustee about the terms or the program should contact Caleb Roberts at croberts@townoflyons.com