The state of small business in strong in Colorado and much of this momentum is due to recent growth of small business, which accounts for 96% of all businesses in the state. For nonprofit lenders like Colorado Enterprise Fund (CEF), this trend is good news since strong small business growth produces strong, economically-diverse communities where more jobs are created and retained, and prosperity is a reality for more people.
As a community development financial institution (CDFI) certified by the US Department of the Treasury, CEF believes in the power of entrepreneurship to transform lives and communities. Since 1976, CEF’s mission has been rooted in accelerating community prosperity through financing of entrepreneurs and small businesses. By developing Colorado’s small businesses and the communities they call home, CEF creates economic opportunity.
Recognized in 2014 as a Top Company award winner by Colorado Biz magazine, CEF is committed to providing access to capital - from microloans to the SBA Community Advantage program - to meet the needs of a wide range of new and existing businesses needing more flexible rates and terms than most financial institutions can provide.
But CEF does more than provide its borrowers financing because data shows small businesses need more than money to successfully start and grow. CEF’s in-house technical assistance program, Business Acceleration Services (BAS), addresses this need by offering professional on-site consulting and training on key business topics at minimal or no cost.
CEF partners with several agencies and foundations to support its BAS program including the US Small Business Administration, The Denver Foundation and the Kenneth King Foundation. With over half of its borrowers being minority and low income business owners, this combined funding helps CEF serve more borrowers with expanded bilingual business advising, coaching and industry-specific resources.
CEF has helped over 380 borrowers since 2011 with initial business assessments, followed by additional training and one-on-one coaching. A recent survey completed by CEF borrowers gave the BAS program high marks with the “skills, knowledge and responsiveness of BAS” consultants being rated highest among six attributes of the program.
CEF offers small businesses more so they and their communities can thrive with increased economic activity, job creation and a better quality of life. Small business is critical to our state and CEF is critical to small business.
Let us know how we can help your new or expanding small business with flexible financing and customized technical assistance. Contact our Director of Lending, Alan Ramirez, at 720.473.4053 or email@example.com or apply online: http://www.coloradoenterprisefund.org
About Colorado Enterprise Fund:
Founded in1976, CEF, independently or in partnership with other lending institutions and investors, provides loans up to $500,000 to finance small businesses and start-ups that are unable to secure funding through traditional channels. With a mission to accelerate community prosperity by financing and supporting entrepreneurs and small businesses, CEF has provided over $40 million in loans to more than 1500 businesses to help create or retain over 17,000 jobs in the state since 1990. For more information, visit: www.coloradoenterprisefund.org.