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our record growth in 2016

We're proud to announce we ended our 40th anniversary year on September 30 with historic increases in growth and impact from our small business loan programs and technical assistance services. Both the dollar volume and the number of loans we closed in 2016 made it a record year for us. To get the details, click here. We thank everyone for their support of CEF. Happy Holidays!

borrower buzz | system 76
Carl Richell 
Co-Founder and Owner
C apitalizing on opportunity is what entrepreneurs do best. For Carl Richell, harnessing the power of open source software in a custom hardware product was a novel idea in 2005. So he and his business partner started System 76, a Denver-based computer manufacturer that specializes in building laptops, desktops, and servers for creators . The company is known for its support of open-source software, including Ubuntu, the only installed operating system it offers. Now a self-funded operation, Carl recalls it wasn't always that way.  To learn how Carl financed his business from start-up to success with help from CEF , click here .

ColoradoGives Day - Dec 6 | schedule your donation now
As a 501(c) 3 nonprofit lender, Colorado Enterprise Fund depends on various funding sources, including individuals, to fulfill its mission of accelerating community prosperity by financing under-resourced entrepreneurs. To help us serve more low-income, minority- and women-owned businesses in Colorado in 2017 , click here to schedule your donation by Dec 6. Thank you!

partner profile | First National Bank Colorado
Colorado Enterprise Fund (CEF) has a long history of working with First National Bank (FNB) Colorado, partnering with them for many years as an investor in a CEF fund to finance startups housed in Innosphere, a technology incubator in Fort Collins. The Innosphere Innovation Fund has helped 16 businesses.  FNB has also invested in CEF's Boulder Microloan Fund , a business vitality initiative between CEF, the City of Boulder and local banks. Since it was founded in 2009, the Boulder Microloan Fund has provided $3.4 million in loans to 75 businesses. Although both funds are designed to help businesses that are too risky for banks, they have had an outstanding loan repayment rate of over 98%.
Because of this success, FNB recently increased its investment in CEF from $625,000 to $2 million to help CEF expand its impact with new and existing small businesses in northern Colorado and metro Denver. This new investment, known as an equity equivalent (EQ2), is an equity-like, long-term, subordinated, unsecured loan with low interest-only payments from CEF to FNB. The EQ2 financial tool provides funding to mission-based lenders like CEF to fund small businesses that don't qualify for traditional bank financing. CEF will use this $2 million investment from FNB to support its lending activities in Adams, Boulder, Broomfield, Jefferson, Larimer and Weld counties.
First National Bank is a subsidiary of First National of Nebraska. First National of Nebraska is the largest privately owned banking company in the United States. First National of Nebraska and its affiliates have more than $21 billion in assets and 5,000 employees. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.

Thank you,  First National Bank Colorado, for partnering with CEF to increase access to capital for small businesses in Colorado. 

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