New location to provide convenient access to borrowers in Colorado Springs and surrounding areas
Denver, Aug. 13, 2019 – Colorado Enterprise Fund (CEF) announces the opening of a new satellite office located in Colorado Springs. The office will serve current and prospective borrowers throughout Colorado Springs and surrounding areas in El Paso and Pueblo Counties.
Colorado Enterprise Fund’s main office is housed in Denver and the lending organization serves the entire state of Colorado with additional satellite offices located in Ft. Collins, which serves Larimer and Weld Counties.
“With this office in Colorado Springs, we will be able to better serve our new and prospective borrowers in Southern Colorado, and help them and their communities to grow and thrive,” says CEF President and CEO Ceyl Prinster.
CEF is a nonprofit lender that has served Colorado small businesses for more than 40 years, providing loans and business coaching to those unable to obtain traditional bank funding. In total, Colorado Enterprise Fund has dispersed more than $85 million in start-up and growth capital to over 2,400 businesses, with 84% of borrowers being low-income, women or minorities. Through this loan support, CEF has created or retained over 21,296 jobs in Colorado.
Cumulatively, CEF has provided the following in Southern Colorado:
- 172 loans closed
- $4.6M loaned to small businesses
- 49 loans went to startups
- 90 loans went to low-income owners
- 47 loans went to minority-owned businesses
- 91 loans went to women
- Six jobs per loan were created or maintained
“Southern Colorado is one of the fastest-growing areas of the state with small business as a key economic driver. We are thrilled to open our new office and work with our local partners to provide the capital needed to meet the loan demand in this region,” said Prinster.
The office will be managed by CEF Community Loan Advisor, Cory Arcarese, who started with CEF in May of 2019. For more information or to schedule an appointment, Cory can be reached at (719) 374-8303 or [email protected].
The office address is:
4 S. Wahsatch Avenue, Suite 210 G
Colorado Springs, CO 80903
About Colorado Enterprise Fund
Founded in1976, Colorado Enterprise Fund (CEF) provides loans up to $500,000 to finance small businesses and start-ups unable to obtain funding through traditional banks. CEF has dispersed $85 million in startup and growth capital to more than 2,400 businesses and created or retained more than 21,000 jobs in the state. A non-profit Community Development Financial Institution (CDFI), CEF is based in Denver with lending and advisory services available statewide. For more information, visit: www.coloradoenterprisefund.org
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