Colorado Lending Source Shares Impact on Small Business and Celebrates Partners at 2020 Annual Meeting and Awards Ceremony
During Colorado Lending Source’s virtual Annual Meeting and Awards Ceremony on January 28, 2021, the organization shared their economic impact in the wake of one of the most challenging years for small business. They shared insights from top lender awardees, highlighted small business success stories, recognized the incoming 2021 Board of Directors and introduced Chief Executive Officer, Chris Myers.
Colorado Lending Source is a critical component of the small business community and that was especially evident this past year. In 2020, the non-profit economic development organization helped 1,610 entrepreneurs navigate hardship, including administering over 700 Paycheck Protection Program along with other disaster recovery loans and grants. Moreover, it was a record-breaking year with 197 approved loans and a total project financing of over $278 million under the SBA 504, SBA 7(a), Community Advantage, and Colorado Main Street loan programs.
The Small Business Excellence Awards were given to six businesses that included Flavor of India, Vortic Watch Company, Copper Door Coffee Roasters, Geyser Systems, Dope Mom Life, and Preserve.
Colorado Lending Source partnered with 48 different lending institutions in 2020. This year their Lender Awards were given to Elizabeth Rogge with Pueblo Bank & Trust as the Top SBA 504 Bank, Kyle Sickman with FirstBank as the Top SBA 7(a) Bank, Ralph Miller with 5Star Bank as the SBA 504 Emerging Bank, and Tony Thompson with Alpine Bank as the SBA 7(a) Emerging Bank. Additionally, Scott Applegate with the Bank of Estes Park was recognized as the 2020 Trailblazing Bank.