Denver, October 5, 2022 /PRNewswire/ — Energize Colorado is proud to announce the completion of the offering. $45 million ～About 5,000 of Colorado Since its inception, the organization has supported the smallest businesses through the Gap Fund and the Energize Community Program (ECP). May 2020This work increases resilience and promotes equity across of Colorado This is made possible through strong partnerships with the Colorado Office of Economic Development and International Trade (OEDIT), the Colorado Housing Finance Agency (CHFA), community lenders, and partner organizations that share the mission of Energize Colorado. Energize Colorado is now funding through a new revolving loan fund. This reduces the time between applying for a loan and receiving the funds. ECP is Energize Colorado’s first program to deploy funds through a revolving loan fund.
“We are proud of how efficiently we have delivered capital and technical assistance to America’s economic engine. Coloradostate small businesses through our Energize Communities program.” Ryan CobbinsEnergize Colorado Gap Fund Program Director.
Through ECP, Energize Colorado prepares small business owners to apply for capital, connects business owners with business advisors, and connects business owners with community business support organizations. In June, applications for ECP loans were opened to small businesses in East He Colfax. southwest denver, Pueblo County statewide child care industry.About 72 loans $1.3 million Deployed in enterprise within 90 days. The program is projected to create 249 jobs across these four communities.
Isabella Mariawho runs a childcare center in Brighton“This will help expand my early learning program so parents can continue to provide quality care and education to children who are essential workers in our community.”
In total, businesses received loans on average $18,200and another is predicted $ 1,000,000 65 business owners who received loans chose to participate in the free Energize Community Accelerator to provide business foundation support and broaden community connections.
The success of this pilot program is rooted in the efforts of the entire small business ecosystem of individuals and organizations to ensure that business owners know about opportunities and are well prepared to access them.
“The Energize Colorado team and I are partnering on the door-to-door outreach and fundraising portion of the ECP,” he shared. Brian Estrada, Executive Director of Southern SBDC. “We also co-hosted a successful resource fair in our community to inform members of the small business community of available opportunities. This effort has been a win-win for the small businesses we serve. is.”
apply here Learn about the next round of the Energize Community Program.
About Energize Colorado
energize Colorado A non-profit organization dedicated to improving resilience and promoting equity. of Colorado Small business ecosystem.
Director of Strategic Partnerships and Marketing
SOURCE Energizing Colorado