4.7.2022: HB22-1328: Modify Main Street Business Recovery Loan Program CLIMBER in Committee Today

4.7.2022: HB22-1328: Modify Main Street Business Recovery Loan Program CLIMBER in Committee Today

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For Immediate Release
April 7, 2022
Sheena KadiCommunications Director & Public Information Officersheena.kadi@state.co.us303-349-8113

HB22-1328: Modify Main Street Business Recovery Loan Program CLIMBER in Committee Today

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Denver, CO: TODAY, House Bill 22-1328: Modify Main Street Business Recovery Loan Program CLIMBER will be heard in the House Business Affairs & Labor Committee. 

HB22-1328 will extend the current length of the program, which is set to expire this year. This bill will also expand access to small businesses that do not currently meet the requirements to participate in this low interest rate working capital loan program. 

“We’re putting people back to work. We know the economic recovery from COVID will continue long after the health pandemic subsides. As one of the largest state-involved loan efforts in America to come out of the coronavirus pandemic, we are humbled to play this critical role in helping Colorado small businesses get back on their feet. The success of a business thriving through a financially-challenged pandemic depends on access to capital.”
Colorado State Treasurer Dave Young

"There are still many hurdles small businesses need to overcome. Since the introduction of the CLIMBER loan program, we have identified several ways to make this program more accessible. We want to be sure that Colorado small businesses, including the smallest ones, can get off the ground and see success. We never know which business will grow to be the next Fortune 500 company, but maybe one of this program's recipients will be. With the uncertainty around the pandemic, these grants are even more important to small businesses’ success.”
Co-Prime Bill Sponsor, Representative Brianna Titione (D-Arvada)

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www.colorado.gov/treasury