more about Revolving Loan Funds

Would your business like to move to Downtown Colfax, expand, renovate, offer new services, etc., but are having difficulty finding traditional funding to make your dream happen?

Colfax Main Street offers low-interest loans for proposed projects that will create new jobs, help businesses maintain and expand, and create new business options for the community, therefore increasing Colfax’s economic vitality.

Loan payments and interest are paid back into a cumulative fund to be loaned out again to another Colfax business venture!

Colfax Main Street's Revolving Loan Fund

Revolving Loan Fund

USDA prohibits discrimination in all its programs and activities on the basis of race, color, national origin, sex, disability, age, reprisal or retaliation for prior civil rights activity. (Not all prohibited bases apply to all programs.) Recipients are required to notify applicants with disabilities and Limited English Proficiency (LEP) persons of their right to free language assistance and accommodations and provide free language assistance and accommodations upon request. To file a program discrimination complaint, complete the USDA Program Discrimination Complaint Form, AD-3027, found online at http://www.ascr.usda.gov/complaint_filing_cust.html and at any USDA office or write a letter addressed to USDA and provide in the letter all of the information requested in the form. To request a copy of the complaint form, call (866) 632-9992. Submit your completed form or letter to USDA by: mail: U.S. Department of Agriculture, Office of the Assistant Secretary for Civil Rights, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410; fax: (202) 690-7442; or email: program.intake@usda.gov . This institution is an equal opportunity provider.

De conformidad con la Ley Federal de Derechos Civiles y los reglamentos y políticas de derechos civiles del Departamento de Agricultura de los EE. UU. (USDA, por sus siglas en inglés), se prohíbe que el USDA, sus agencias, oficinas, empleados e instituciones que participan o administran programas del USDA discriminen sobre la base de raza, color, nacionalidad, sexo, credo religioso, discapacidad, edad, creencias políticas, o en represalia o venganza por actividades previas de derechos civiles en algún programa o actividad realizados o financiados por el USDA. Las personas con discapacidades que necesiten medios alternativos para la comunicación de la información del programa (por ejemplo, sistema Braille, letras grandes, cintas de audio, lenguaje de señas americano, etc.), deben ponerse en contacto con la agencia (estatal o local) en la que solicitaron los beneficios. Las personas sordas, con dificultades de audición o con discapacidades del habla pueden comunicarse con el USDA por medio del Federal Relay Service [Servicio Federal de Retransmisión] llamando al (800) 877-8339. Además, la información del programa se puede proporcionar en otros idiomas. Para presentar una denuncia de discriminación, complete el Formulario de Denuncia de Discriminación del Programa del USDA, (AD-3027) que está disponible en línea en: How to File a Complaint. y en cualquier oficina del USDA, o bien escriba una carta dirigida al USDA e incluya en la carta toda la información solicitada en el formulario. Para solicitar una copia del formulario de denuncia, llame al (866) 632-9992. Haga llegar su formulario lleno o carta al USDA por:
 correo: U.S. Department of Agriculture Office of the Assistant Secretary for Civil Rights
1400 Independence Avenue, SW, Washington, D.C. 20250-9410; fax: (202) 690-7442; correo electrónico: program.intake@usda.gov. Esta institución es un proveedor que ofrece igualdad de oportunidades.

Please review The Colfax Main Street Revolving Loan Fund informational brochure PDF listed on this page. We ask that you would first fill out the Pre-Application Form and submit the form to Colfax Main Street for eligibility review. A representative from Colfax Main Street's Economic Vitality Team Loan Committee will direct you to fill out and submit an Application Form if you meet the pre-application requirements. If you have questions, feel free to contact the Colfax Main Street office or email colfaxmainstreet@gmail.com. Please print and submit physical pre-applications and applications to The Colfax Main Street office at 20 Howard Street P.O. Box 62. Colfax, Iowa 50054.

The Colfax Main Street Revolving Loan Fund

*This is not the City of Colfax's Architectural Design Standards; please contact Colfax City Hall.

Need design advice for your historic commercial property or business storefront?
Check out the Main Street Iowa Downtown Design Guide.

Main Street Iowa Downtown Design Guide

Design Assistance Request Form

Main Street Iowa offers free design services for properties and businesses within the designated Colfax Main Street District. Their design specialists are available to consult with property or business owners to ensure building facades, signage, and more are compliant with historic preservation standards; The City of Colfax's Architectural Design Standards; and cohesively work within our historic downtown business district. We recommend using this free service before exterior remodel projects.

Please contact our Executive Director at colfaxmainstreet@gmail.com to discuss your project before you apply.

Main Street Design Services

11  N Walnut Street | 1,200 Square Feet

Potential storefront in a historic 1893 building. This is a large 1,200 Sqft space with a lot of potential.

121 N Walnut Street | 3,200 Square Feet
2 Storefronts

Two large 3,200 Sqft recently renovated storefronts in at historic 1950s building that are blank slates for exciting new local businesses! 

17 E Howard Street | 1,000 Square Feet

19 E Howard Street | Private Offices

Office space for 3 offices, a breakroom, conference room, and lobby inside of a historic 1902 building! This space could also be easily converted into retail space. 

CoMingle is a coworking space that offers private office rental and coworking spaces for short term leases. They are perfect spaces if you need a small space, just starting your business, or want a workspace away from home!

Make Downtown Colfax your small business's new home. Downtown Colfax is looking for exciting retail, restaurant, and service businesses. These properties are available for rent or purchase. Please contact the property owner for more information regarding specific properties. 

Available Properties

Colfax, Iowa Area Market Information

Colfax Economic develoment guide

Arnett Muldrow and Associates created an economic development guide for Colfax as part of their comprehensive branding services for Colfax Main Street in 2024.

Market STudies and Strategies 2021

Colfax Main Street volunteers conducted local surveys and gathered market data to create strategies for economic success in Downtown Colfax.

2025 Market snapshot

Main Street Iowa provides Colfax Main Street with a 'snapshot' of market and demographic data for the Colfax area. 

Curious about Colfax's market information? Main Street Iowa provides Colfax Main Street with various market information tools.

Market Data

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Revolving Loan Fund