Denver, January 12, 2015 – Colorado Enterprise Fund (CEF) has been awarded a $30,000 Community Grant from the Economic Opportunity Fund of The Denver Foundation to maintain and grow CEF’s small business lending program in 2015. This funding will focus on expanding CEF’s capacity-building entrepreneurial development services (business technical assistance) to minority and low income business borrowers who account for over half of CEF’s borrowers.
“We are honored to receive this special grant award from The Denver Foundation,” said Ceyl Prinster, President and CEO of CEF. “CEF is focused on building economic equality through small business development and this grant allows CEF to directly respond to the unprecedented demand for equitable access to responsible capital and business technical assistance. The Denver Foundation’s support of our work helps us create more opportunities for entrepreneurial success and jobs across Colorado.”
The grant award from The Denver Foundation stated: “Since 1976, Colorado Enterprise Fund (CEF) has been a critical part of the ecosystem supporting Colorado’s socially and economically disadvantaged entrepreneurs and small business owners. CEF’s pairing of quality technical assistance both before and after a loan is made with loan products that are accessible to lower-income borrowers makes it a valued partner with entrepreneurs who are working to transform their lives and the lives of their families and communities through successful small business ownership.”
About The Denver Foundation:
The Denver Foundation is a community foundation that inspires people and mobilizes resources to improve life in Metro Denver. In 2013, the Foundation and its donors awarded more than $47 million in grants. The Denver Foundation has three roles: stewarding an endowment to meet current and future needs for Metro Denver, working with community leaders to address the core challenges that face the community, and managing more than 1,000 charitable funds on behalf of individuals, families, and businesses. For more information, visit www.denverfoundation.org.
About Colorado Enterprise Fund:
Founded in1976, CEF, independently or in partnership with other lending institutions, provides loans up to $500,000 to finance small businesses and start-ups that are unable to secure funding through traditional channels. With a mission to accelerate community prosperity by financing and supporting entrepreneurs and small businesses, CEF has provided close to $40 million in loans to more than 1500 businesses to help create or retain over 16,500 jobs in the state since 1990. For more information, visit: www.coloradoenterprisefund.org.