The Business Incubator Center of Grand Junction will receive a $750,000 State grant.
The grant, approved by the Governor’s Financial Review Committee last week, will be used to help small businesses to access finance through the Business Loan Fund (BLF) of Mesa County, which is operated by the Incubator Center.
The fund will consider loan requests from applicants who have been denied financing from other lenders in order to finance their needs in terms of inventory, equipment, building improvement, working capital or real estate.
The program is even designed to help small businesses to develop important management tools to improve chances for success. Under this point of view, the Incubator Center can assist SMEs with business and strategic planning and cash flow projections.