{"id":2456823,"date":"2020-04-06T11:42:00","date_gmt":"2020-04-06T17:42:00","guid":{"rendered":"https:\/\/www.aspentimes.com\/?p=323884"},"modified":"2020-04-06T11:42:00","modified_gmt":"2020-04-06T17:42:00","slug":"carbondale-expands-loan-program-offers-loans-for-coronavirus-affected-businesses","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kspn\/local-news\/carbondale-expands-loan-program-offers-loans-for-coronavirus-affected-businesses\/","title":{"rendered":"Carbondale expands loan program, offers loans for coronavirus-affected businesses"},"content":{"rendered":"
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Sign encouraging residents to practice social distancing in downtown Carbondale.<\/strong>
Thomas Phippen\/Glenwood Springs Post Independent<\/em><\/figcaption><\/div>\n<\/figure>\n

As businesses across the nation struggle to stay afloat during the coronavirus pandemic crisis, Carbondale has repurposed an existing loan program to help out.<\/p>\n

The initial idea of the Carbondale Revolving Loan Fund<\/a><\/i> was to provide startup or expanding businesses with a low-interest loan of up to $25,000.<\/p>\n

Kula Yoga, Aloha Mountain Cyclery, restaurant Silo and other Carbondale businesses have benefitted from the loan program.<\/p>\n

\u201cGiven what\u2019s happened, we thought it might be of use to some of these existing businesses who kind of need a bridge funding while they\u2019re kind of closed down or severely restricted in what they could do,\u201d said Colin Laird, loan program coordinator and director of the Third Street Center.<\/p>\n

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