Colorado Lending Source | May. 21, 2015

Colorado Lending Source embarked on its fifth year of operation in 1995. During that year the organization underwent a change: a new Board of Directors had been elected, Ron Reuss was settling into his position as Executive Director, and the office relocated into a North Denver space that was large enough to accommodate the staff that was hired to keep up with the influx of SBA 504 loan applications.

Colorado Lending Source’s portfolio had grown exponentially, and was poised to continue growing. As a result, Ron crafted an expansion-centered business plan to lead the organization in 1995 and 1996. Colorado Lending Source applied for (and received) Accredited Lender Program status, which helped with the SBA loan processing and approval time, and the organization also applied to the IRS for non-profit status. The final piece to Ron’s plan was to expand the organization’s service market to additional counties, after ceaseless requests from lending partners and small business owners, which successfully happened in 1995.

One of Colorado Lending Source’s first loans in Weld county was Mariposa Plants, of Greeley. When Pamela Bricker became a partner in the business in 1984, the plant maintenance center moved into its first leased space on 23rd Avenue. With the new storefront, Mariposa Plants expanded its products to include indoor plants and accessories. In two years, Mariposa Plants had outgrown that space, so Pamela relocated the business closer to downtown Greeley and once again expanded the product line to include fresh flowers. After acquiring two additional attached spaces to support Mariposa’s lucrative flower business, a devastating fire destroyed the location in 1994. As Pamela set out to rebuild Mariposa Plants, she was determined to find a perfect location that was big enough for her business to grow into.

With the help of Colorado Lending Source, Pamela purchased a 6,000 square foot shop on 9th Street in downtown Greeley and reopened Mariposa Plants. Although the business is no longer in the location Colorado Lending Source helped finance today (yes, they relocated to a bigger space, again!), Mariposa Plants has become Greeley’s elite flower shop, and they have expanded their delivery services to 12 surrounding rural communities.