financing your business with colorado enterprise fund - federal reserve bank … · average loan...
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Financing Your Business with Colorado Enterprise Fund
1888 Sherman Street, Suite 530
Denver, CO 80203
Colorado Enterprise Fund (CEF) is the
state’s top nonprofit lending resource
for small businesses and start ups
unable to obtain bank financing
Certified by US Department of the
Treasury as a community develop-
ment financial institution (CDFI)
Funded in part by banks, foundations,
government agencies, nonprofits and
the CDFI industry since 1976
AERIS-rated for community impact,
financial strength and performance
Creating big opportunities for small business. www.coloradoenterprisefund.org 2
our mission
our history
To accelerate community
prosperity by
financing and
supporting
entrepreneurs
and small
businesses.
Average loan size
~ $35,748
Smallest loan = $1,000 Largest
= $500,000
400 Loans Under Management
in 2014
our organization
Creating big opportunities for small business. www.coloradoenterprisefund.org 3
2014: 18 staff
Loan Prod in
2014:
207 loans –
$7.4 million
12 jobs assisted per
loan in 2014
98% repayment rate
in 2014
Average loan size:
$35,000+
Loans range from
$1,000 -$500,000
400+ loans under
management in 2014
our organization
Creating big opportunities for small business. www.coloradoenterprisefund.org 4
2014: 18 FTE staff
serving the state
$35 million loaned
since 1990
2014: closed 200
loan for $7.6
million
12 jobs assisted
per loan in 2014
98% repayment
rate in 2014
Loans 2014
52% start-ups
51% women
26% minority
our clients
Creating big opportunities for small business. www.coloradoenterprisefund.org 5
Restaurants
Breweries
Salons
Retail Stores
Tech Firms
Manufacturing
Food trucks
Contractors
Service providers
Day Care
Outdoor Products
ate in 2013
our programs
Business Financing
Loan Amount: Up to $500,000
Term loans and revolving lines of credit
Flexible loan terms and collateral
Reasonable interest rates and fees
Start-up businesses up to $75,000
Special Focus Programs - healthy foods, flood, fire, Department of Transportation (DOT), Pronto, SBA 7(a) Community Advantage
Creating big opportunities for small business. www.coloradoenterprisefund.org 6
our options
Financing for most business uses
including:
– Working capital
– Equipment or inventory purchases
– Business property improvements or purchase
– Purchase of franchise or existing business
– Gap financing for real estate
– Healthy foods financing
– Other business needs
Creating big opportunities for small business. www.coloradoenterprisefund.org 7
our services
Business Acceleration
Services
One-on-one business counseling
Business Progress Assessments
Training workshops
Specialized consulting
Connecting with other resources
Creating big opportunities for small business. www.coloradoenterprisefund.org 8
The Crunchy Grocer
Creating big opportunities for small business. www.coloradoenterprisefund.org 9
First retail grocer financed under
CEF’s Healthy Foods Fund program First SBA 7(a)
Community
Advantage Loan
$153,400
• Natural foods Store
• Opened 11/13 • Loveland CO • 18 employees • 9 FTE • Open daily 8-8
Maria Empanada
Creating big opportunities for small business. www.coloradoenterprisefund.org 10
Latina-owned business expansion
from family bakery to restaurant
Equipment Loan: $61,460
• Ethnic food - Argentinian
• Opened 4/14
• Denver CO
• 12 employees FT and PT
employees
• Open daily 7:30a-8:30p
our benefits
Convenience
Online application, onsite staff, one-stop shop
Strength and Integrity
Serving Colorado for 38 years, nationally
known, financially sound and strong
Loan Application & Referral Process
Fast and convenient online loan application
Call us with questions or to discuss deals
Creating big opportunities for small business. www.coloradoenterprisefund.org 11
connect
Your CEF Loan Contact:
Alan Ramirez
720-473-4053 Direct
Get information and apply online at:
www.coloradoenterprisefund.org
Creating big opportunities for small business. www.coloradoenterprisefund.org 12
