Questions to ask before starting a business
08/11/2017
You have an idea for a business, but where do you begin? Before jumping into the technical logistics of starting your company, there are several questions you should ask…
New COO & CFO Announced
04/05/2017
FOR IMMEDIATE RELEASE: Colorado Lending Source, the state’s not-for-profit small business lender, has appointed China Califf as Chief Operating Officer and Karol Jones as Chief Financial Officer to the organization.
2014: The Blake Street Building
12/18/2015
By 2014, Colorado Lending Source hardly resembled the grassroots organization it once was. Nearly 280 loans were being approved through three loan programs, membership was at an all time high, and education and entrepreneurship were at the forefront of the organization’s future. There were also...
2015: The 25th Anniversary
12/18/2015
2015 marked Colorado Lending Source’s 25th Anniversary. The one time, one-man organization evolved to become the top Certified Development Company in Colorado, and top ten in the nation, with an outstanding portfolio of over 1,300 loans and more than a half billion dollars. Surviving twenty-five...
2011: The First Colorado Main Street USDA Loan
11/25/2015
In 2011, Colorado Lending Source was awarded a $300,000 loan from the U.S. Department of Agriculture as part of the new Intermediary Relending Program (IRP). With an additional contribution of $150,000 from Colorado Lending Source’s own funds, the Colorado Main Street Loans Program made its debut...
2012: The First Colorado Main Street SBA Loan
11/25/2015
In conjunction with the Small Business Jobs Act, the Small Business Administration introduced an Intermediary Lending Program (ILP) to help meet the needs of small businesses suffering from a lack of credit due to poor economic conditions and changes in the financial market. Through a competitive...
2013: The Ice House Entrepreneurship Program
11/25/2015
In 2013 small business surged as the nation recovered from the Great Recession. There were nearly 28 million small businesses in the country, and over 556,000 in Colorado alone. Colorado Lending Source assisted 52 startup businesses attain financing in 2013, historically the most ever for the...
2010: The Small Business Jobs Act
10/20/2015
In September of 2010, President Obama signed into law the Small Business Jobs Act. As the most significant piece of small business legislation in over a decade, the new law provided critical resources to help small business drive economic recovery and create jobs. As a result, Colorado Lending...
2008: The Financial Crisis
10/20/2015
In 2008, the nation was brought to its knees as the Financial Crisis, and then the Great Recession, changed the financial industry forever. Colorado Lending Source had just finished its most successful year historically, and had major plans to secure the position of top Certified Development...
2009: The First 7(a) Loan
10/20/2015
As the Great Recession deepened into 2009, Colorado Lending Source’s loan volume continued to decrease. With the uncertainty of the economy’s recovery, Executive Director, Mike O’Donnell decided to shift the organization’s focus to education, community involvement, and once again, a new way to...