Colorado Enterprise Fund (CEF), a member of the Friends of the SBA Microloan Program, is turning 40! The organization, which is a private non-profit lending institution offering loans to small businesses in Colorado, provides technical assistance and capital to help promote business development and growth. In fact, CEF has loaned over $49 million to more than 1,700 businesses since 1976, helping create and retain more than 14,500 Colorado jobs.
Continuing to build on its history of success, CEF announced a new partnership with the City of Loveland, which resulted in the creation of the Loveland Microloan Fund. The Fund will provide financing for small businesses that do not qualify for traditional banking financing in the Loveland, Colorado. Loveland granted an initial $150,000, which CEF will match. Eligible small businesses may receive up to a $50,000 loan to cover business related activities such as start-up expenses, equipment and inventory purchases, operations, and property improvements. For more information and to learn how to apply, please click here.
In recognition of the 40-year milestone, the organization launched a social media campaign in October, sharing 40 stories over 40 weeks. Help them celebrate by following the conversation on Twitter (#CEF40stories40weeks) or check out their great posts on Facebook.