The Small Business Administration approved Colorado Lending Source as a “Premier Lender” under its Premier Certified Lender Program (PCLP) in 1999. With this title, Colorado Lending Source was able to expedite the SBA 504 loan approval process, as well as handle the foreclosure and liquidation process of these loans. By year-end, 44% of all of Colorado Lending Source’s loan approvals were for PCLP loans.
Syntes Language Group was one of the first small businesses to receive a PCLP 504 loan. The business also incorporated Colorado Lending Source’s new objective of assisting small businesses representative of underserved markets.
Beatriz Bonnet, a native of Uruguay, purchased Syntes Language Group in 1988 after working as an interpreter and translator for the company. Under her leadership, Syntes Language Group has become one of the nations most respected language translation firms. Beatriz relocated Syntes to Denver in 1995, and in 1999 she used a PCLP 504 loan to purchase an office condo in Centennial, Colorado.
Syntes Language Group provides interpretation, localization and consulting services, in over 100 languages, to a wide range of corporate, professional and government clients around the world. The company has also created in-house language software to assist with basic translation. Over 30 people are employed full time, and an additional 2,500 translators, interpreters, and technicians are contracted each year. In recent years, Beatriz and her company have earned countless accolades, including the Enterprising Woman of the Year Award from Enterprising Woman Magazine, Top Minority-Owned Business from the Denver Business Journal, Top 10 Fastest Growing Denver Area Private Companies, and the first ever Empresaria Latina Award at the Latino Small Business Summit.