Financing Your Business with Colorado Enterprise Fund - Federal Reserve Bank … · Average loan...
Transcript of Financing Your Business with Colorado Enterprise Fund - Federal Reserve Bank … · Average loan...
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Financing Your Business with Colorado Enterprise Fund
1888 Sherman Street, Suite 530
Denver, CO 80203
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Colorado Enterprise Fund (CEF) is the
state’s top nonprofit lending resource
for small businesses and start ups
unable to obtain bank financing
Certified by US Department of the
Treasury as a community develop-
ment financial institution (CDFI)
Funded in part by banks, foundations,
government agencies, nonprofits and
the CDFI industry since 1976
AERIS-rated for community impact,
financial strength and performance
Creating big opportunities for small business. www.coloradoenterprisefund.org 2
our mission
our history
To accelerate community
prosperity by
financing and
supporting
entrepreneurs
and small
businesses.
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Average loan size
~ $35,748
Smallest loan = $1,000 Largest
= $500,000
400 Loans Under Management
in 2014
our organization
Creating big opportunities for small business. www.coloradoenterprisefund.org 3
2014: 18 staff
Loan Prod in
2014:
207 loans –
$7.4 million
12 jobs assisted per
loan in 2014
98% repayment rate
in 2014
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Average loan size:
$35,000+
Loans range from
$1,000 -$500,000
400+ loans under
management in 2014
our organization
Creating big opportunities for small business. www.coloradoenterprisefund.org 4
2014: 18 FTE staff
serving the state
$35 million loaned
since 1990
2014: closed 200
loan for $7.6
million
12 jobs assisted
per loan in 2014
98% repayment
rate in 2014
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Loans 2014
52% start-ups
51% women
26% minority
our clients
Creating big opportunities for small business. www.coloradoenterprisefund.org 5
Restaurants
Breweries
Salons
Retail Stores
Tech Firms
Manufacturing
Food trucks
Contractors
Service providers
Day Care
Outdoor Products
ate in 2013
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our programs
Business Financing
Loan Amount: Up to $500,000
Term loans and revolving lines of credit
Flexible loan terms and collateral
Reasonable interest rates and fees
Start-up businesses up to $75,000
Special Focus Programs - healthy foods, flood, fire, Department of Transportation (DOT), Pronto, SBA 7(a) Community Advantage
Creating big opportunities for small business. www.coloradoenterprisefund.org 6
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our options
Financing for most business uses
including:
– Working capital
– Equipment or inventory purchases
– Business property improvements or purchase
– Purchase of franchise or existing business
– Gap financing for real estate
– Healthy foods financing
– Other business needs
Creating big opportunities for small business. www.coloradoenterprisefund.org 7
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our services
Business Acceleration
Services
One-on-one business counseling
Business Progress Assessments
Training workshops
Specialized consulting
Connecting with other resources
Creating big opportunities for small business. www.coloradoenterprisefund.org 8
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The Crunchy Grocer
Creating big opportunities for small business. www.coloradoenterprisefund.org 9
First retail grocer financed under
CEF’s Healthy Foods Fund program First SBA 7(a)
Community
Advantage Loan
$153,400
• Natural foods Store
• Opened 11/13 • Loveland CO • 18 employees • 9 FTE • Open daily 8-8
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Maria Empanada
Creating big opportunities for small business. www.coloradoenterprisefund.org 10
Latina-owned business expansion
from family bakery to restaurant
Equipment Loan: $61,460
• Ethnic food - Argentinian
• Opened 4/14
• Denver CO
• 12 employees FT and PT
employees
• Open daily 7:30a-8:30p
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our benefits
Convenience
Online application, onsite staff, one-stop shop
Strength and Integrity
Serving Colorado for 38 years, nationally
known, financially sound and strong
Loan Application & Referral Process
Fast and convenient online loan application
Call us with questions or to discuss deals
Creating big opportunities for small business. www.coloradoenterprisefund.org 11
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connect
Your CEF Loan Contact:
Alan Ramirez
720-473-4053 Direct
Get information and apply online at:
www.coloradoenterprisefund.org
Creating big opportunities for small business. www.coloradoenterprisefund.org 12
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