Metropolitan State 

 

University

 

Loan Program

 

Character-based loans are available between $5,000 and $50,000. To be eligible, business must be at least 50% owned by a Metropolitan State University (MSU) Denver affiliated individual.

An MSU Denver affiliated individual is defined as:

  • Students enrolled at MSU Denver with a good academic standing. Must have earned at least 90 credit hours with at least 30 credit hours earned at MSU Denver;
  • Individuals who received Bachelor of Arts, Bachelor of Science, Master’s degree, or an Entrepreneurship Certificate from MSU Denver or who completed MSU Denver’s Launch Denver program; or
  • Faculty or Staff employed by MSU Denver for a minimum of one year.

Funds can be used for startup or growth Loans will have a repayment term of 7 years with an interest rate of 8%. Loans will have a 1% origination fee.

The application process is a two part process. The loan will be provided through Alpine Bank so please complete the bank’s Financial Statement form (button link below) together with the MSU Denver application form (button link below). When both completed forms, along with requested accompanying documents, are ready to be submitted to Prairie Rose Development for review and consideration, please email [email protected] who will share a Dropbox folder by return for you to securely upload all files.

For additional information, please contact Adam Melnick, J.D., MEM, ACUE, Lecturer of Entrepreneurship, Metropolitan State University of Denver, Management Department Administration Building #530R: Te: 303.605.7208  Email:[email protected]

 

"The MSU Denver Foundation is thrilled to be a partner on this initiative. We love the idea of putting donors’ money to work in a way that leverages resources to serve more MSU-Denver-affiliated businesses. Hopefully, this access to capital will help more businesses launch, grow and serve our community!"
 
Christine Marquez-Hudson
Vice President of University Advancement & Executive Director of the MSU Denver Foundation

 

"In Colorado, 47.6% of all employees work for small businesses so a vibrant small businesses sector is critical to the future prosperity of Colorado's economy.
This partnership between MSU Denver and Alpine Bank is an incredible opportunity for affiliated MSU Denver students, staff and alumni to secure the necessary funding they need to expand their small businesses and make an even greater impact on the state.
It is an honor and a pleasure for Prairie Rose Development to participate as an intermediary through this process and we look forward to assisting and supporting many MSU Denver affiliated businesses in the months and years to come."
Mike O’Donnell
Executive Director, Prairie Rose Development Corp.