Adam Melnick | Feb. 06, 2019

FOR IMMEDIATE RELEASE
February 1, 2019  

Colorado Lending Source’s Economic Impact, 2019 Board of Directors, and Small Business and Lender Awards revealed during 2018 Annual Meeting

 
DENVER, CO — On January 31, 2019, Colorado Lending Source held its Annual Meeting, a celebration of small business ownership, entrepreneurship, and the incredible community of resources that support those business owners and entrepreneurs across the state of Colorado.  At the Annual Meeting, Colorado Lending Source elected its 2019 Board of Directors, described its economic impact in 2018, and revealed the recipients of their Small Business Excellence and Top Lender awards.

This year, Colorado Lending Source’s Annual Meeting celebrated and acknowledged Colorado’s unparalleled small business community.  Executive Director, Mike O’Donnell emphasized during the event:

A community is a place where attitudes, interests and goals are shared. From our flagship SBA 504 loan program, the assistance we provide to local community banks to help them facilitate SBA guaranteed loans, and the direct loans we offer to pre-bankable, and early stage small business.

Mike O'Donnell

And, Colorado Lending Source is truly a critical component of that small business community.  In 2018, the non-profit economic development company facilitated the funding of 221 loans totaling $331,674,205.97 while helping business owners create 1,747 jobs across the state.  Of those 221 loans, 83.2% went to underserved business owners including $15,361,000 in rural communities

Colorado Lending Source presented five Small Business Excellence Awards that included Caring Kids Preschool, Vail Mountain Coffee & Tea Co., Transworld Business Advisors – Rocky Mountain, Denver Ted’s, and Western Rise.  Zach Martinucci, co-founder of Rebel Bread Community Bakery, won the Ice House Entrepreneurship Achievement Award as a graduate of Colorado Lending Source’s Ice House entrepreneur development program. 

Award winning partner lenders included Larry Cavanaugh and Connie Meine from Citywide Banks as Top SBA 504 Partner Lenders and Sean Ashby and Landon Johnson as Top SBA 7(a) Partner Lenders. Rock Canyon Bank received the award for Top SBA 7(a) Partner Bank and FirstBank was recognized as the Top SBA 504 Partner Bank. Jim Ocken of Mountain View Bank of Commerce took home the first-ever Legacy Award for his dedication to SBA lending.

Colorado Lending Source’s membership also elected the incoming Board of Directors:

Board Officers: 

Erin Beckstein
Crazy Good Marketing

Rick Whipple
WhippleWood CPAs PC

Tanner Tweten
FirstBank

Niall Mooney
Commerce Bank, N.A.

Board Members:

John Adair
Micro Imaging Solutions

Daniel Ryley
Arvada Economic Development

Rob Osborn
Exel Energy

Tim Kraich

James King
J.P. Morgan Chase

Luke Davidson
Land Title Guarantee Company

Yuriy Gorlov
Aurora EDC

Todd Guymon
Quail Creek Financial

Gil Selinger
Fairfield and Woods, P.C.

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