Colorado Enterprise Fund receives $2M in federal funds to help small biz

Tuesday September 15, 2015 0 comments Tags: Denver, Colorado Enterprise , Ceyl Prinster, CDFI Fund

 

DENVER -- Colorado Enterprise Fund  (CEF) announced it received a $2 million award from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund to support CEF’s small business lending and technical assistance programs.Colorado_Enterprise_Fund_logoUSE_1

CEF was one of four Colorado CDFIs to receive awards this year, receiving the maximum amount.

Other recipients were Mile High Community Loan Fund ($2 million), Mercy Loan Fund ($1.4 million) and LaPlata Homes Fund Inc. ($125,000).

“We are honored to receive this significant award from the CDFI Fund,” said Ceyl Prinster, CEF’s president and CEO. “This award will accelerate our ability to finance businesses that create jobs, enhance economic vitality and expand community prosperity, especially for those left behind by the improving economy.”

Since 1997, CEF has been awarded $9.1 million to continue to increase capital access for small business owners across Colorado and help develop healthy food systems.