Colorado Enterprise Fund receives $3M from Goldman Sachs to assist state’s small biz

Thursday November 19, 2015 0 comments Tags: Denver, Colorado Enterprise , Ceyl Prinster, Goldman Sachs

 

DENVER -- Colorado Enterprise Fund   (CEF) announced it is collaborating with Goldman Sachs’ 10,000 Small Businesses to deliver $3 million in financing and assistance to small businesses in communities across Denver and the Colorado Front Range.Colorado_Enterprise_Fund_logoUSE

As part of a national initiative, Goldman Sachs and the Goldman Sachs Foundation have pledged $3 million to support CEF, a Community Development Financial Institution (CDFI) headquartered in Denver.

CEF said the loan will increase its ability to fund loans to small businesses that are growing and creating jobs in low- to moderate-income areas.

To apply for a loan under the program, businesses must be in operation for at least two years and have more than $150,000 in revenue and at least two employees.

“CEF is delighted to partner with Goldman Sachs on its 10,000 Small Businesses initiative,” said Ceyl Prinster, CEF’s CEO. “We greatly appreciate their capacity-building support of CEF, not only with this major financial commitment but also in terms of their excellent training resources for both CDFIs and the small businesses we serve.”

CEF said small businesses are also encouraged to apply for Goldman Sachs’ 10KSB national education program.

The 10-week program is delivered in partnership with Babson College through a combination of online and in-person learning.

For more information, visit www.10KSBapply.com.