2017: Reinvigorating the Colorado Main Street Loan Program
07/12/2018
Repeatedly Colorado Lending Source was named a top 10 Certified Development Company for Small Business Administration 504 and 7(a) lending, but that wasn’t enough for Executive Director, Mike O’Donnell. He felt there was more the organization could do to fulfill its mission and help small...
What's the Hold Up?
07/10/2018
Rules. Regulations. Documents. Financials. Often times these words can be intimidating to small business owners. However, the process of getting a Small Business Administration (SBA) loan doesn’t have to be scary! Understanding what you need up front allows for a swift approval process that will...
2018 Impact Updates!
06/29/2018
Small business is the backbone of the U.S. economy. And having the freedom to be your own boss is definitely something to be celebrated. So in light of Independence Day, we're celebrating the success of our small business borrowers!
We Care About Financial Literacy
06/11/2018
To Regulate or Not to Regulate Banks? That is the Question. Given that the U.S. economy is the strongest in the world, you might expect that the U.S. banking system would be very sophisticated and efficient, the result of some thoughtful grand design. But it isn’t. It is the result of a long...
No Risk, No Reward...
05/25/2018
Mark Zuckerberg once said, “The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is a guaranteed to fail is not taking risks.”
Honey who shrunk the entrepreneurs?
05/07/2018
It is a well-documented fact that the relative number of new small businesses hiring employees is declining each year. At the same time, an increasing number of go-it-alone solo entrepreneurs are emerging as the gig economy heats up and people start side-businesses in addition to holding down...
First Quarter 2018 Western Slope Impact
04/12/2018
We love helping businesses across Colorado, especially on the Western Slope! Check out our impact from the first three months of 2018:
Finding the Community Advantage
04/10/2018
How financing your dreams helps us fulfill our mission to foster the economic growth of diverse small businesses. We became a lender 28 years ago, and since then have worked to help ensure Colorado is a great place to start and grow a business. Today, we offer four small business loan programs to...
SBA 7(a) Policy Updates
04/09/2018
SBA Notice 5000-17057 Dated 4/3/2017 this Notice revises and clarifies several policies in SOP 50 10 5(J), with changes effective immediately. Here's a summary of the key points: Credit Elsewhere and Owner Liquidity: Lenders are now required to consider the liquidity of owners of 20% or more of the...
The New SBA 504 25-Year Debenture
04/04/2018
The Small Business Administration announced on Tuesday, April 3rd that they will begin accepting applications for the SBA 504 25-year Debenture.