Q2
2016

ISSUE
No. 2


national small business week in colorado

May 1-7 was National Small Business Week (NSBW) across the country. In Colorado, CEF and other partners of the  US Small Business Administration celebrated the big impact of small businesses with statewide workshops, events and stories in the news . In Denver, we participated in events highlighting the one-day visit of SBA Administrator Maria Contreras-Sweet, photos from which can be viewed here.
 
We appreciated this annual opportunity to showcase the impact of our small businesses through various media and to present a new CEF workshop,  Start-up Financing for the First-time Entrepreneur, at the Commons on Champa in Denver to 28 entrepreneurs.  To see pictures of the NSBW celebrations in Denver featuring our CEF staff and bor rowers on CBS4, 9News and elsewhere throughout the week, please visit our online photo  gallery

borrower buzz | camp bow wow 

Heidi Ganahl - Founder
Dogs deserve the best of care when away from their humans.  That's how Heidi Ganahl and her late husband, Bion, felt when they sought high quality pet care for their two dogs. When they couldn't find any, they decided to create their own vision for a doggy day care service complete with a fun camp theme, exclusive services. and 24/7 access.
 
Heidi started with one location in 2000 but quickly franchised her concept as her business idea caught on. Click here to read how Camp Bow Wow became a national leader in the pet care industry and an SBA Wall of Fame winner this year.

partner profile | adams county

Colorado Enterprise Fund (CEF) is proud to announce the creation of a microloan fund with the Adams County Board of Commissioners (County), Adams County Economic Development (ACED), and the North Metro Small Business Development Center (SBDC) to provide access to capital for small businesses and start-ups residing in this 1184 square mile area northeast of Denver. The County granted an initial $500,000 to be matched by CEF with an additional $500,000 to launch the new loan fund with $1 million starting this spring. 

The purpose of the Adams County Microloan Fund is to provide access to capital for small businesses that don't qualify for bank financing but are capable of repaying debt. The Fund will facilitate business creation and retention in the County in collaboration with County resource partners to promote entrepreneurship and business innovation, and will encourage small business ownership that supports community prosperity and economic self-sufficiency. CEF has similar funding  partnerships with the cities of Arvada, Boulder, Loveland and Longmont, and with Weld County, where small businesses are integral to the local economy and character of these fast-growing Front Range communities.
 
The Adams County Microloan Fund will provide small business loans up to $50,000 for five years. Businesses must have their primary office or operations located in, or owners who reside within, County limits. Loans can be used for start-up expenses, equipment and inventory purchases, operations, tenant finish and property improvements, as well as for the purchase of a business or franchise. Loan applications will be reviewed by a committee of bank and financial professionals organized by ACED and approved or denied following CEF's standard loan procedures and processes. Businesses can apply online directly to CEF or be referred by ACED members, banks, or the SBDC to apply.
 
Thank you, Adams County, ACED and North Metro SBDC, for partnering with CEF to support the continued growth of small businesses in Colorado's Front Range communities.  

 
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