Page 73 - 2014_15CommunityRpt_FlipBookPDF

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2012 private lenders to support creditworthy small
businesses who are struggling to access loans.
business finance Since the program’s inception, the funds have
programs begin as generated $60 million in private sector financing
part of ssbci to Colorado businesses and have impacted more
than 2,000 jobs throughout the state.
With a goal of encouraging more private
lending activity in Colorado, CHFA partnered ID Sculpture, formerly known as Integrated
with the Colorado Office of Economic Design Solutions of Gunnison, was a recipient
Development and International Trade (OEDIT) of a CCS loan. Owner Andris Zobs says the CCS
in 2012 to design capital access programs program was one of the first steps that allowed
funded through the federal State Small Business his company to start a new phase of growth. In
Credit Initiative (SSBCI). With these funds, CHFA 2014, Colorado was named fourth in the nation
began to administer the Cash Collateral Support for most deployment of SSBCI resources by
(CCS) and the Colorado Capital Access (CCA) percentage of allocation.
programs. The funding requires leveraging with

ID Sculpture, a business customer in Gunnison