DENVER, CO — On January 31, 2019, Colorado Lending Source held its Annual Meeting, a celebration of small business ownership, entrepreneurship, and the incredible community of resources that support those business owners and entrepreneurs across the state of Colorado. At the Annual Meeting, Colorado Lending Source elected its 2019 Board of Directors, described its economic impact in 2018, and revealed the recipients of their Small Business Excellence and Top Lender awards.
This year, Colorado Lending Source’s Annual Meeting celebrated and acknowledged Colorado’s unparalleled small business community. Executive Director, Mike O’Donnell emphasized during the event:
“A community is a place where attitudes, interests and goals are shared. From our flagship SBA 504 loan program, the assistance we provide to local community banks to help them facilitate SBA guaranteed loans, and the direct loans we offer to pre-bankable, pre-pre-bankable and early stage small businesses, everything we do at Colorado Lending Source is about community. Without community, we have nothing. And, because of our community, there is no better state to launch or grow a small business.”
And, Colorado Lending Source is truly a critical component of that small business community. In 2018, the non-profit economic development company facilitated the funding of 221 loans totaling $331,674,205.97 while helping business owners create 1,747 jobs across the state. Of those 221 loans, 83.2% went to underserved business owners including $15,361,000 in rural communities.
Colorado Lending Source presented five Small Business Excellence Awards that included Caring Kids Preschool, Vail Mountain Coffee & Tea Co., Transworld Business Advisors – Rocky Mountain, Denver Ted’s, and Western Rise. Zach Martinucci, co-founder of Rebel Bread Community Bakery, won the Ice House Entrepreneurship Achievement Award as a graduate of Colorado Lending Source’s Ice House entrepreneur development program.
Award winning partner lenders included Larry Cavanaugh and Connie Meine from Citywide Banks as Top SBA 504 Partner Lenders and Sean Ashby and Landon Johnson as Top SBA 7(a) Partner Lenders. Rock Canyon Bank received the award for Top SBA 7(a) Partner Bank and FirstBank was recognized as the Top SBA 504 Partner Bank.
Colorado Lending Source’s membership also elected the incoming Board of Directors:
Crazy Good Marketing
WhippleWood CPAs PC
Commerce Bank, N.A.
Micro Imaging Solutions, LLC
Arvada Economic Development
J.P. Morgan Chase
Land Title Guarantee Company
Quail Creek Financial
Fairfield and Woods, P.C.