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...
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...
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...
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...
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...
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...
2007: Expanding Out-of-State
09/24/2015
As 2007 commenced, Colorado Lending Source had positioned itself for strong future growth and a wildly successful year. The organization was now able to provide financing to small businesses across the state through three different loan programs. This led to the opening of a second location in...
2006: CLS Holdings, Inc.
09/24/2015
Since the formation of Colorado Lending Source the organization had experienced consistent growth in both its loan portfolio and employees. In 2004, the organization purchased a condominium on the 18th floor of the Denver Club Building and moved in shortly after. Although the space sufficed, the...