Our Borrowing Process

The application process for borrowers is straight forward and meant to alleviate obstacles. If at any point in the process you have questions, feel free to reach out to us and we are happy to help. Below is a general guideline of the application process.

We pride ourselves in our ability to finance individuals, organizations and projects that help households and communities advance their economic opportunities, attain adequate housing and live comfortably in their homes. We understand the limitations of conventional lenders, the challenges of securing early stage and gap financing for project development, and subordinate financing with flexible loan terms for our retail borrowers.

Our Process

  1. 1
    Pre-Application Contact

    All potential borrowers are encouraged to contact IDF prior to submitting a loan application. The pre-application discussion allows the borrower to confirm the eligibility of the project and review the information needed to ensure that the application submitted is complete.

    IDF staff is available to meet with potential borrowers prior to submitting an application to discuss the proposed project and anticipated financing package.

  2. 2

    Choose from the options below that best suit your needs and that will take you to the appropriate application. At all times, it is best practice to provide all the information requested to reduce processing time.

    Applicant must submit application fee along with application for review to begin.To submit your application fee online, click here.

  3. 3
    Application Review and Approval

    Staff is usually able to estimate the time needed for review and approval based on the complexity of the project, current workload and applicable lending practices.

    Loan requests are underwritten and presented to Loan Committee and under certain circumstances the Board of Directors, for approval.

    Following approval, a commitment letter is transmitted to the borrower detailing the terms of the loan approval. The borrower accepts the terms of the approval and returns the signed commitment letter to IDF.

  4. 4
    Closing Process

    Closing arrangements are made based on the type of project and loan. Legal fees associated with the preparation of closing documents are established and paid at time of closing.

I'm an Individual Buying or Renovating

Are you looking to buy or renovate a home?

I’m a Developer

Are you looking to develop affordable housing units?

I’m a Nonprofit

Are you a nonprofit in need of a loan? 

Who We Work With


    At Impact Development Fund, we have a passion for helping people. In Colorado, there are too many under-served communities. We've made it our mission to assist these communities by providing loans to non-profits, families, and developers.


    200 E. 7th St., Suite 412
    Loveland, CO 80537


    (970) 494-2021