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Colorado Lending Source | Jun. 18, 2015

In 1998, Colorado Lending Source Executive Director, Ron Reuss, was elected to the Board of Directors for the National Association of Development Companies (NADCO). He joined the Expansion of Marketplace committee, whose primary objective was to improve the SBA 504 loan program and make it more accessible to underserved markets.

Ron’s NADCO position influenced Colorado Lending Source’s operations in 1998, as he embarked on a mission to support Colorado’s underserved small businesses. An internal Revolving Loan Fund was created, with which the organization would create small supplementary loans to help businesses that had marginal loan applications. Colorado Lending Source also applied for Premier Certified Lending Partner (PCLP) status, which would make speedier turn around times for SBA 504 loans. Lastly, a Strategic Planning Committee, consisting of Board members and staff, was formed to help guide the organization’s outreach to small businesses that fell into the SBA’s public policy goals, including minority, veteran, and woman owned businesses, and businesses located in rural communities or business revitalization districts.

Located in a business revitalization district in Fort Collins, Triple Crown Sports began in 1982 when husband and wife team, David and Annette King, organized their own softball tournament after being frustrated with others. One event turned into three events, and slowly the business grew to produce over 600 events in 400 cities. In 1998, Triple Crown Sports acquired a SBA 504 loan to purchase and renovate a building for their headquarters.

Triple Crown has developed into one of the world’s premier amateur sporting organizations. Basketball, roller hockey, soccer tournaments, baseball, and fast pitch softball have been added to the list of events and are played in seven different countries. Each year Triple Crown also organizes five collegiate basketball tournaments, including the Women’s NIT. The company began broadcasting its own events in 2004, and six years later created TCTV. Triple Crown has now partnered with CBS, resulting in nationally televised broadcasts and live webcasts of their events throughout the year.