All loan applications are presented to the Colorado Water Resources and Power Development Authority Board of Directors for approval. Application deadlines are firm, and incomplete applications may delay Board consideration. Applicants should coordinate with their project manager, CWRPDA staff or DOLA staff to determine the appropriate application deadline to ensure Board action in a timely manner.
- Direct Loans (Less than $3 million) Direct Loan applications are accepted at seven deadlines throughout the year. It is expected to take approximately 6 months from application to execution of the loan (If approved).
- Leveraged Loans (More than $3 million) Loans that are over $3 million are connected to a Bond issuance and are considered “Leveraged Loans”. Leveraged Loans have two sales a year one in the spring and one in the fall. The loan application deadline for the Spring bond issue is January 15th and the fall bond issue application deadline is June 15th.
Please follow the directions below to identify the correct loan application date for your project and see when the estimated loan closing could be or Click here if you would like to download a PDF of the loan application dates to est. loan closing dates.
First click below if your estimated loan amount is under or over $3 million
Second click the available loan application deadline to get the estimated financing schedule below
Is your project above or
below $3 million?
Projects above $3 million currently have two loan application deadlines, January 15th and June 15th
Estimated Financing Schedule
Applicable Loan Application
Deadlines under and over $3 million
January 15th Loan Application
March Authority Board Meeting
May - July
If approved. 2-4 months closing
*These are estimated closing dates for initial planning purposes only. Loan closing dates may be adjusted depending on the community’s time frame and negotiation of the loan.