Bulletin Board

State Puts Loan Money Behind Recycling Efforts

When the rubber gets too old to hit the road in Colorado, a loan program steps in to help small businesses take those worn tires and find other uses for them.

At the end of October 1996, the Tire Recycling Program had collected about $4.6 million by assessing a $1 fee on each consumer who purchased new tires and left the old ones behind. A little less than half that amount remains available for business loans of up to $250,000 for equipment, real estate or working capital.

Start-up and existing for-profit or nonprofit firms that can prove they want to or do reuse waste products such as paper, plastic, cardboard and tires are eligible to apply for loans. Entrepreneurs can apply any time; loan applications are evaluated monthly. For more information, contact the Colorado Housing
and Finance Authority at (303) 297-7329.

This article was originally published in the February 1997 print edition of Entrepreneur with the headline: Bulletin Board.