Program Summary
OEDIT is committed to serving diverse Colorado businesses and also offers several capital programs that are statutorily mandated to reach a diverse pool of businesses that were negatively impacted by the pandemic and have been historically underserved. To provide wide-spread awareness and use of these resources, OEDIT is dedicated to increasing outreach efforts and helping businesses navigate accessing capital. To achieve this goal, OEDIT assembled a network of partners who have an established history of supporting specific populations defined by their geographic and/or demographic status.
The outreach efforts and technical assistance opportunities are in support of a number of capital programs including: Colorado Startup Loan Fund, CLIMBER, Colorado Credit Reserve, Cash Collateral Support, and the Colorado State Small Business Credit Initiative.
Overview
Type: Outreach and technical assistance
For: Small businesses
OEDIT division: Business Funding & Incentives, Business Support
OEDIT is excited to highlight the following list of partners, the clients they are best equipped to serve, and their unique offerings.
| Partner | Client Specialty | Offerings | Contact |
|---|---|---|---|
| Black Business Initiative | Indigenous and Black communities Denver Metro, San Luis Valley | Equal focus of technical assistance and outreach | Jice Johnson |
| Community Enterprise Development Services | Islamic-compliant lending, BIPOC, Korean, Somali and Ethiopian communities, non-English speakers Denver Metro, Ft. Collins, Weld, Morgan | Primarily technical assistance with some outreach | Carly Williams |
| Overwrite | Immigrant, Migrant, Hispanic, Asian/SEA, African and Black communities Denver, Aurora, Colorado Springs | Primarily technical assistance | Nosa Iyare |
| Prairie Rose | Underserved communities, Spanish speakers Western Slope, Durango, Eastern Plains Lending institutions | Equal focus of technical assistance and outreach | Mike O'Donnell |
| Startup Colorado | Underserved communities Weld County, Golden Plains, Central Plains, Southeast Colorado, Pueblo, San Luis Valley, Southwest Colorado, Central Western Slope, Northwest Colorado, Rocky Mountain Resort, Upper Arkansas, and Raton Basin | Equal focus of technical assistance and outreach | Brittany Romano |
| Wezesha Dada Center | Immigrant, Migrant, Diaspora, Refugee and Black communities Pueblo, Eastern Plains, Denver, Aurora, Colorado Springs Lending institutions | Primarily technical assistance with some outreach | Maya Wheeler |
OEDIT partners have knowledge on the specific requirements and best practices for the following programs below. If there is a program that you would like added to this list, please reach out to the program manager.
- Colorado Startup Loan Fund: The Colorado Startup Loan Fund provides loan capital to mission-based lenders to provide loans to Colorado entrepreneurs and small business owners needing capital to start, restart, or restructure a business, and those who are not able to obtain a loan from traditional lenders.
- CLIMBER: These loans provide up to $250 million in working capital loans to Colorado small businesses negatively impacted by the COVID-19 pandemic.
- Colorado Credit Reserve: This credit enhancement is for businesses that typically struggle to get access to a bank loan.
- Cash Collateral Support: This credit enhancement helps small and medium-sized businesses in Colorado access loans that they would otherwise not get because they do not have enough collateral.
- Colorado State Small Business Credit Initiative: As a part of the federal American Rescue Plan Act, the federal government passed the State Small Business Credit Initiative (SSBCI) bill to fund small business credit support and investment programs.
Contact
