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Colorado Lending Source | Apr. 23, 2015

In 1993 Colorado Lending Source was well on its way to becoming the states premier certified development company. Loan fundings nearly doubled from the previous year, a new employee was hired to help Rudy Bianchi with administrative duties, and the Board of Directors began discussing the organization expanding its market into other Colorado counties.

While Colorado Lending Source became more diverse, the small businesses receiving financial help did as well. The 10 loan projects funded in 1993 varied in size, product, and owner, yet they all shared the common goal of growing their business.

One of those small businesses was Engineering Economics, Inc., a full service building commissioning firm. Started by veteran Peter Sabeff in 1984, he grew his company into a successful business and needed somewhere to call headquarters. He had his eye on a building in Golden, CO, and in 1993, with the help of Colorado Lending Source and JPMorgan Chase, Peter used an SBA 504 loan to purchase the space, retrofit it to the company’s needs, and obtain new equipment. An immediate result of the project was hiring 23 new employees two years later, but that was only the beginning.

Engineering Economics Inc. has transformed from a local small business to one of the nations leading institutions. As a founding member of the Building Commissioning Association, they have helped lead the way in LEED Commissioning, Sustainability Consulting, and Energy Services. The 100% veteran-owned company is a pre-approved contractor for the U.S. Federal Government under the General Services Administration. This allows Engineering Economics to be hired quickly by any federal agency, so Peter and his company continue to serve the country.

Their expertise has been used in the development of airports, stadiums, manufacturing facilities, museums, state municipality buildings, universities, and data centers. They have worked on projects across the country and even on a military base in Guam. In Denver specifically, Engineering Economics was selected to commission the design and construction of the LEED certified Skaggs School of Pharmacy and Pharmaceutical Research on the University of Colorado Anchutz Medical Campus.

Today, Engineering Economics has expanded to 17 offices in 11 states. They have worked on over 400 buildings, totaling 170 million square feet and a combined excess project cost of $31 billion. Furthermore, the company has grown to over 70 internal employees and helps to create additional jobs when they hire construction companies to do their commissioning work.