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Swing into Action!
by Colorado Lending Source on 


Need help getting those birdies for your golf game? Swing into action with the help of BirdieBall, a Golden-based manufacturer that produces a limited flight golf ball you can hit anywhere, anytime. This family-owned and operated business also produces top quality putting greens so golf lovers have no excuse not to practice. Colorado Lending Source worked with Horace McCowan from KeyBank National Association to help finance an SBA 504 loan, which allowed Birdie Ball to purchase commercial real estate. Game on!

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Gleam Car Wash
by Colorado Lending Source on 

We love businesses that help the environment...


Which is why we were ecstatic to help fund Gleam Car Wash! With Gleam, customers get a sustainable car wash in a variety of ways. First, only 15 gallons of fresh water per car is used compared to an average of 80 to 140 gallons when you wash at home or at a hand wash facility. Secondly, Gleam acts as a mini water treatment plant, reclaiming almost 100% of all their water and uses solar energy to power various aspects of their business like heating water and turning on LED lights. Through the SBA 504 loan program, Josh Peebles of Collegiate Peaks Bank and Colorado Lending Source partnered to help refinance an existing loan that Gleam used to purchase the business’ property. The funds also helped with construction costs and equipment purchases. All of this has been crucial in helping Gleam succeed as an environmentally friendly neighborhood car wash. 

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This Day in History, June 14...
by Mike-ODonnell on 



Aside from the fact that it is the birthday of both President Trump and Che Guevara, commemorates the last major world conquest in 1287 by Mongolian forces when the grandson of Genghis Khan, Kublai Kahn, crushed the last resistance in southern China to found the (conquest) Yuan dynasty that ruled all of present day Mongolia, China, Korea and other adjacent areas from 1271 - 1368.


I always find it fascinating that the generally accepted view of Kublai Khan was that he made the world a better place because he promoted commercial, scientific, and cultural growth. Historians wax lyrical to explain how he supported the merchants of the Silk Road trade network by protecting the Mongol postal system, constructing infrastructure, providing small business loans to finance trade caravans, and, encouraging the circulation of paper banknotes. The peace the newly arrived Mongols imposed also apparently enabled the spread of technologies, commodities, and culture between China and the West.


Kublai expanded the Grand Canal from southern China to the north, all in the name of commerce and trade. Mongol rule was cosmopolitan too under Kublai Khan because he welcomed foreign visitors to his court, such as the Venetian merchant Marco Polo, who wrote the most influential European account of Yuan China. Marco Polo's travels would also later inspire many others, like Christopher Columbus, to seek legendary wealth and exploit many other parts of the world yet unknown.


And yet, in conquering China and Korea, then invading Japan, Vietnam and other locations in Southeast Asia, before the good life made Kublai morbidly obese, many millions upon millions upon millions of people were killed by his troops. It was the Mongolian custom to offer enemies the chance to surrender, in which case they would be saved, albeit sold into slavery, or, should any resistance be offered, every man, woman, child and often animal in a community would be killed without mercy. So progress at what cost?


This may be too deep a concept to grapple with for my two readers, given how well the Rockies baseball team is doing this season, but the concept of shooting an arrow in the air and then painting a bulls-eye around it wherever it lands, is a concept that intrigues me and begs the question “what if?” …. Indeed!


Anyway, be that as it may, probably the question that has formed on both of your lips is what has any of this to do with anything related to Colorado Lending Source? Well, nothing much, as usual, but there are some clues there for my two readers who realize that history is still a window into the future, albeit one that definitely needs a lot of soap and a goodly expenditure of elbow grease thereupon, from time to time.  


And as William Shakespeare wrote in that Scottish play (which I’m unable to name lest it bring me bad luck): “Life’s but a walking shadow, a poor player, that struts and frets his hour upon the stage, and then is heard no more; It is a tale told by an idiot, full of sound and fury, signifying nothing.”


And aren’t those words that all three of us can live by?


I know I do.

Everyday!


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The Vail Valley's Got All the Right Moves!
by Colorado Lending Source on 

The Vail Valley is the quintessential Colorado mountain playground, offering an array of year-round activities for outdoor enthusiasts. And although adventurers do their best to avoid injury, accidents happen. With the help of Movement Physical Therapy, recreational and professional mountain athletes can get back in the action in no time!


Colorado natives Scott Wacker and Megan Riddle-Wacker earned their Doctorate of Physical Therapy degrees from Regis University in 2004. After working in Denver for a few years, the husband and wife team moved to the mountains to pursue their dream of staring their own practice.

In 2010 they opened Movement Physical Therapy in Edwards, Colorado. The duo secured a Small Business Administration 7(a) loan for startup costs and working capital with the help of FirstBank and Colorado Lending Source. After seven successful years in business the Wacker's had the opportunity to purchase the building they were leasing. Again they turned to FirstBank and Colorado Lending Source, but this time for an SBA 504 Commercial Real Estate loan.

Movement Physical Therapy specializes in rehabilitation, injury prevention, and human performance, and offers progressive techniques like the Medical Golf Evaluation, the Melt Method, and trigger point dry needling. The Wacker's believe in building relationships to ensure health success, therefore patients meet with the same specialized Doctor of Physical Therapy each appointment, rather than PT Assistants and Aids, making the business unique from other physical therapy practices.

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Today, May 17th is National Walnut Day...
by Mike-ODonnell on 

but even though a specific nut is mentioned as a component of this incredibly agrarian celebratory occasion, the day itself can be loosely considered a metaphor for nuts of all different stripes, descriptions and convictions. And don’t we have a lot of them these days? (How did you know I was in Washington DC last week?)


From a historical perspective, the day is also one that represents an incredibly diverse stream of historical events that, each in its own small way, shaped who we are and where we are today. This can be considered the essence of chaos theory but forget the butterfly flapping its wings bit because these events were substantially more substantial.


For example, on May 17th in 1395, the battle of Rovine was fought between the Wallachian army and the Ottomans (you know, the sofa people) during which prince Mark “Polo” Mrnjavcevic, one of the mightiest Serbian knights of all time, was killed. His death inspired epic poems, myths, legends, and, even a fandom that still persist even through today.


On this day too, in 1590, Anne of Denmark was crowned queen of Scotland despite the language barrier, a native preference for haggis, and, the knobby-knee-revealing short skirts that ll the Scottish men were wearing that year.

In 1805, Muhammad Ali (and you wondered where that name came from?) became the Wali of Egypt; Aristides won the first Kentucky Derby in 1875; televised hearings into the Watergate scandal began in 1973; and, in 1984, Prince Charles called a proposed addition to the National Gallery in England a “monstrous carbuncle on the face of a much-loved and elegant friend” causing modern architects everywhere to clamor for his head.

So many significant, life-changing events that truly get to the nut of the problem we imagine we face today.


Anyway, be that as it may, probably the question that has formed on your lips is what has any of this to do with anything related to Colorado Lending Source? Well, nothing much, as usual, but there are some clues there for my two regular readers who realize that history is still a window into the future, albeit one that needs a jolly good wash from time to time and a lot less hail.

 

And as William Shakespeare once wrote: To thine own self be true, and it must follow, as the night the day, thou canst not then be false to any man.”

And aren’t those words that all three of us can live by?


 I know I do.


Everyday!

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On this day in history, in 1111...
by Mike-ODonnell on 

Henry V of German was crowned the Holy Roman Emperor. And I only mention this because the year 1111 is an incredibly amazing year from a nerdy, mathematical perspective (which is the way I am looking at from way over here next to the potted geranium) and I’m sad that I won’t be around for 2222 which will be the next incredibly amazing year that no one here today will be able to experience either.


Now given the precipitous arrangement of single digits, you would expect great things to have happened in 1111 but, no, the historical record is pretty short on amazing happenings that year.


Yes, Henry V, the younger son of Henry IV, who had been crowned the King of Germany in 1099, did become the Holy Roman Emperor. But that was only because his older brother was a bit of a rebel and didn't toe the line according to the dad so had missed out on that kingship – it was a bit like the recent situation in North Korea where the dictator dad preferred Kim Jong-un to his older brother, who subsequently albeit “accidentally” bit the galvanized steel water carrying implement while passing through an airport in Malaysia the other week. But I digress.


Anyway, young Henry V had previously promised to respect the fact that his dad was the Holy Roman Emperor because being the King of Germany should have been enough of a distraction, so Henry V had sworn on a stack of bibles that he wasn’t going to meddle with the dad’s gig. But, as fate would have it, he ended up being talked into changing his mind (kids today!) and thought that sounded more fun than what he was doing. A few battles later, the dad was subsequently forced to step down and died, likely of a broken heart, soon after. After a few more wars with the locals, during which time Henry V had the opportunity to dress down Svatopluk the Lion (what a great name!) amongst other memorable notables, Henry headed for Rome so he could be crowned the Holy Roman Emperor as his dad’s replacement.


The Pope and the boys in red had some different ideas, so Henry’s soldiers seized the Pope and 16 cardinals, there was a bit of a scuffle, and, Henry V took a sword in the arm. He recovered quickly (it was only a flesh wound) but was a bit miffed so he and his boys kidnapped the Pope, carried him back to Germany in a pre-Pope-mobile era conveyance, and, made him crown Henry V as the Holy Roman Emperor at a little ceremony (no flowers by request) on April 13, 1111.


In a happy little twist of fate, Henry V later married Matilda, the daughter of Henry I of England (family reunions must have been challenging with all those Henrys) and died of cancer in 1125 whereupon his body was buried in the Cathedral at Speyer, and, his heart and bowels (the best bits) in the Cathedral of Saint Martin, Utrecht. He left no successors so he was the last of the Henrys even though his illegitimate daughter, Bertha “don’t call me big” (almost) Henry, married Ptolemy II of Tusculum. But that is a whole other story.


The only other things going on in 1111 according to some semi-reliable sources included: the Crusaders and Turks fighting to a stalemate in Syria (sounds familiar); the Berbers cutting a rug in Coimbra; and, Alfonso VII ascending to the throne of Galicia, a country that no longer exists (along with Alfonso).


Anyway, be that as it may, probably the question that has formed on your lips is what has any of this to do with anything related to Colorado Lending Source? Well, nothing much, as usual, but there are some clues there for my two readers who realize that history is still a window into the future, albeit one that needs a good wash from time to time.  


And as William Shakespeare wrote in Romeo and Juliet: “These violent delights have violent ends and in their triumph die, like fire and powder which, as they kiss, consume.”


And aren’t those words that all three of us can live by?  


I know I do. Everyday!

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On this day in history, the Ides of March, March 15th 44 BC
by Mike-ODonnell on 



Julius Caesar was stabbed to death during a meeting with about 60 or so senators at the Theatre of Pompey.


(You would have thought that Lincoln would have taken note of this.)


Anyway, Caesar's death was the final event in a political crisis that triggered a civil war that resulted in the rise to sole power of his adopted heir, Augustus. On the fourth anniversary of Caesar's death, in 40 BC, Augustus executed 300 odd senators as part of a series of actions taken to avenge Caesar's death, which just goes to show that political actions often have repercussions. Or, to say it another way, beware of “unintended consequences” or they might sneak up on you in the rotunda when you least expect it.


Although March was the third month of the Julian calendar, in the old Roman calendar it was the first month of the year so keep that in mind when celebrating the Ides of March. You may be doing that in the wrong month.


The series of holidays observed by the Romans from the first through to the Ides of March (aka the 15th of March) often reflect their origin as New Year celebrations because the Romans did not number days of a month sequentially from the first through the last day. Instead, they counted back from three fixed points of the month: the Nones (5th or 7th, depending on the length of the month), the Ides (13th or 15th), and the Kalends (1st of the following month). Many banks use the same method for calculating when loan payments are due. And how much interest to charge a borrower.


The Ides occurred near the midpoint of each month; on the 13th for most months but on the 15th for March, May, July, and October. The Ides were supposed to be determined by the full moon, reflecting the lunar origin of the Roman calendar. Therefore, in the old Roman calendar, the Ides of March would have been the first full moon of the New Year.


Of course, the Ides of each month were sacred to Jupiter, the Romans' supreme deity. Jupiter's appointed mortal high priest led the "Ides sheep" in procession along the Via Sacra to the arx, where it was sacrificed. This is really not much of a life for an ambitious sheep to look forward to. Then again, in those days before PETA, there weren’t that many career opportunities for ambitious sheep. Thanks for mutton.


And in addition to this well attended monthly sacrifice (and who doesn’t like a good lamb burger?), the Ides of March was also the occasion of the Feast of Anna Perenna, a goddess whose festival originally concluded the ceremonies of the New Year. The day was enthusiastically celebrated among the “common people” with picnics, drinking, carousing, poetry readings, discos, corn hole tournaments, and, revelry with revels. There was also, reportedly, a ceremony which involved people beating an old man dressed in animal skins and driving him from the city in an Uber … although the historical record is a little vague on the actual means of driving the old man out of town. It could have been a Lyft or one of those roller skate cars …. or even a #2 ox cart. This ceremony may have been a New Year festival figuratively representing the expulsion of the old year OR it may simply have been a ruse for the Romans to get rid of some of their less desirable and somewhat smelly elderly citizens.


Anyway, be that as it may, probably the question that has formed on your lips is what has any of this to do with anything related to Colorado Lending Source? Well, nothing much, as usual, but there are some clues there for my two readers who realize that history is a window into the future.  


And as Steve McQueen once said: “I hope you find what you’re looking for.”


And aren’t those words that all three of us can live by?  

I know I do.

Everyday!



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A Wheelie Good Time
by Colorado Lending Source on 

By finding a niche in the market and overcoming obstacles, Kesha Leets, owner of Cycology Studio, opened the first boutique cycle studio in Colorado Springs. Her determination, grit, and fortitude were essential characteristics in making her dreams come true, despite hearing the word “no” from various lenders.


Moving to Colorado Springs from New York City, Kesha could not find a gym that fit her needs and she missed the accessibility of spin studios in the Big Apple. Getting to know her new town, she realized that the culture of Colorado Springs would embrace the idea of a fun, hip, and specialized cycle studio; it didn’t take long before Kesha recognized a gap in the market and wanted to capitalize on it.


From her love of cycle class, Kesha searched for financing to open her own boutique spin studio, Cycology Studio. She approached a bank, but they required a 30% down payment for startups, and she could not come up with the large amount of cash. Despite the roadblock, Kesha was determined to live out her dream and continued to look for other options.


Eventually Kesha came across Colorado Lending Source’s Community Advantage loan program; however she needed either a bank referral or rejection letter to be eligible. While she sought financing elsewhere, Senior Community Advantage Loan Officer, Danielle Westblade, provided her with the knowledge and resources to guide her through everything. Kesha mentioned, “Eventually being recommended back to Colorado Lending Source, I met all requirements and moved forward with Danni. She made the process smooth and consistent.”


With a bank referral letter and guidance by Danni, Kesha was able to finance the startup costs of her business with only a required 10% down payment. (Kesha ended up injecting a total of 20% into the business.) The loan also gave her a six-month interest only period that allowed for construction to be completed and the studio to gain customers before full loan payments were required.


Without financing from the Community Advantage loan program, it’s unclear if Cycology would have come to fruition. But on October 24, 2016, the doors officially opened and Kesha’s aspirations were finally realized. Thanks to her perseverance and will power, Colorado Springs cycle enthusiasts can now have a wheelie good time, all year around!

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Sustainable Hydroponics & Organic Garden Supply
by Colorado Lending Source on 

Hydroponics, the technique of growing plants in nutrient rich water rather than soil, has been around for centuries. Ancient Egyptian hieroglyphics depict hydroponic gardens along the Nile River, and it is believed that the Hanging Gardens of Babylon were one of the first hydroponic systems ever.

 

Recently hydroponics has reappeared across the globe, especially in arid climates, developing communities, and rural regions, where it can be difficult to farm and garden, or easily obtain fresh food from local grocery stores. Colorado’s Western and Mountain communities have been faced with these challenges for years, but with the opening of Sustainable Hydroponics & Organic Garden Supply in Rifle, farmers and gardeners can now grow the best fruits, veggies, flowers and herbs all year round!

 

Justin Stevenson grew up playing in the dirt and his profound interest in gardening and landscaping fueled his decision to earn a double degree in biology and chemistry.  After graduating he was drawn back to gardening and got a job at The Grow Store in Lakewood, where he first learned about hydroponics. Justin was fascinated by hydroponic gardening and quickly became the store’s go-to-guy on the subject. However, he longed for a life in the mountains, so he left the Front Range for the western town of Silt and became an eighth grade science teacher, where he introduced hydroponics into the classroom.

 

Yet Justin’s passion for hydroponics was stronger than his passion for teaching, and in 2016 he decided to leave his job to open his own hydroponics store. Perfectly situated along I-70, Sustainable Hydroponics & Organic Garden Supply offers products ranging from hydroponic grow systems to nutrients, water purification machines and tented greenhouses, and so much more. Justin’s store is perfect for commercial growers and hobbyist growers alike, as he also provides educational training on the subject of hydroponics.

 

Justin worked with Colorado Lending Source to obtain a Community Advantage loan to help him open the business and purchase initial inventory, as well as furniture and fixtures for his new store. Now, thanks to Justin and Sustainable Hydroponics & Organic Garden Supply, farmers and gardeners can grow fresh fruits and veggies all year round!


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On this day in history, February 15th 590...
by Mike-ODonnell on 

Khosrow II was crowned king of Persia, and was the last great ruler of the Sasanian Empire, reigning, as he did, from 590 to 628, and ruling over huge swaths of land and even huger swaths of peoples.


Although Khosrow is unlikely to be featured on any US postage stamp anytime soon, his story is worthy of a HBO mini-series because it contains all the ingredients that those who enjoy the follies of the rich and apparently famous, would find fascinating.


His two uncles (= his mother’s two brothers) decided to waste their brother-in-law by first blinding and then killing him, and then they decided, in penance for their evil deeds, to put his 20 year-old son, Khosrow, on the throne. This annoyed one of the ex-dad’s senior army commanders who raised his own army and defeated the usurpers at a battle near the Sasanian capital of Ctesiphon. The miscreants fled and sought help from Rome (the one based in Constantinople) to regain it. They eventually helped out and then Khosrow and the two uncles wrestled control back the next year. Things settled down a little from there and the two uncles were given plum jobs in the cabinet and everyone thought it was a “happier ever after” moment in the making. But Khosrow soon began to regret the murder of his dad, what with the dogs running to the uncles now, and he began to ask the ultimate question, “to be, or not to be”, and paced the palace hallways late into the night questioning himself and checking things off on an imaginary clipboard. It wasn’t too long before Khosrow decided to right the wrong and put out the order to arrest and kill the two uncles.


He was able to get to one of them but once the other learned of his brother’s fate, he (a) wrote a rude letter comparing Khosrow to the rear end of a domesticated hoofed mammal of the horse family and (b) assembled his own army and had a popular uprising. It wasn’t until after several indecisive military encounters and a year after the eventually consummated and contrived murder of the remaining uncle, that the remnants of the popular people’s rebellion against Khosrow were finally quelled.


A period of quiet ensued during which, for a bit of variety, he had the Arab king of the Lakhmids of Al-Hira executed for not allowing Khosrow to marry his daughter, before launching, in 602, a full scale invasion of the Byzantine empire, Armenia, Egypt, and everywhere else in Asia Minor that he could get to by camel. On one of his sorties, he reportedly captured and carried off the “true cross” from Jerusalem in 614. His empire reached its zenith in 618 and then slowly went into decline, as is the wont of most empires, under military pressure from all sides.


Eventually Khosrow was captured in 628 and executed by one of his sons who reportedly had him shot to death, slowly, by arrows. This later became a Valentine’s Day tradition.


Did I mention that at one time Khosrow had a “shabestan” (also referred to as an inner sanctum or harem) in which over 3,000 concubines resided? Probably not as it isn’t really relevant to this story and may not have even been true because it has never being legitimately substantiated in the historical record.  


What has this to do with anything related to Colorado Lending Source? Well, nothing much, as usual but there are some clues in there for my two readers who sometimes think that everything will always be rainbows and unicorns.  


The bank default rate on C&I loans has doubled over the last six quarters at the same time that the default rate on commercial real estate loans has halved. There may be something in the wind. Turn slowly into it and have a good sniff next time the opportunity presents itself. (But keep upwind of pot growing facilities when doing so.)


And as Kermit the Frog is famously quoted as saying: “Always be yourself. Never take yourself too seriously. And beware of advice from experts, pigs and members of Parliament.”


And aren’t those words that all of us can live by?  I know I do. Everyday!


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