Page 13 - 2018 CHFA Community Report

business lending

Hays and Strode, P.C., CHFA business finance customer, Rifle

strengthening colorado’s economy businesses
supported

CHFA offers many finance programs to support businesses and
nonprofits throughout Colorado. From manufacturers to farmers, to $48.9M
service providers and grocery retailers, CHFA serves many types of
organizations that all play an important role in Colorado’s economy.
In 2018, CHFA invested $48,926,899 in business finance, which invested
directly helped create or retain 4,287 jobs.

colorado credit reserve 4,287
leverages $100 million
jobs directly
Colorado Credit Reserve (CCR), a capital access program for small- impacted
and mid-sized businesses, surpassed the $100 million mark in loans
supported since 2009. CCR is administered by CHFA and funded by
the Office of Economic Development and International Trade. The
program is designed to encourage banks to extend credit for loans 749
up to $500,000 by creating a reserve account at each participating
lender. To date, 3,034 loans have been registered into the CCR
program, leveraging $110.6 million in lending. businesses and
nonprofits

cash collateral support 23%
The Cash Collateral Support (CCS) program, which helps
businesses with collateral shortfalls access capital, continued women-owned
to leverage private-sector lending in Colorado. The CHFA-
administered program supported 588 businesses and leveraged 29%
$18.9 million in financing in 2018. To date, CCS has leveraged minority-owned
$135.8 million in lending, creating or retaining 3,201 jobs.
7%

minority and
women-owned

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