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business lending how chfa supports
business finance
CHFA supported 411 businesses from $75,000 to $250,000, or 25
across Colorado in 2015. Combined, percent of the loan amount, whichever CHFA helps business owners
these businesses impact 4,878 is less. The total amount of private access the capital they need
jobs. Several factors led to this sector lending leveraged through CCS to grow and create jobs.
achievement, including demand for in 2015 was $7,784,250. We serve both for-profit
CHFA-administered programs that and nonprofit businesses,
provide access to capital, conduit bond CHFA’s conduit tax exempt bond and have unique programs
issuances, and funding for healthy programs resurged in 2015. CHFA for manufacturers, rural
food grocers. issued $10 million in Industrial businesses, and healthy food
Development Bonds benefitting grocers. Using a variety of
The Colorado Credit Reserve (CCR) Arvada manufacturer WANCO. CHFA’s resources, such as bonds,
program continued to advance Mini Bond program was introduced New Markets Tax Credits, and
community development by helping to more participants in urban and revolving loan funds, CHFA
small businesses access capital from rural communities. leverages greater investment
their lenders. Given the program’s in our state – and because
success, the Colorado General The Colorado Fresh Food Financing we partner with lenders
Assembly authorized an additional Fund (CO4F) gained momentum in and economic development
$400,000 for the program in 2015. 2015 as CHFA deployed $1,027,818 in professionals, we ensure
CHFA estimates these funds will loans and grants to healthy food retail that our resources meet
leverage more than $8 million in operations in underserved Colorado Colorado’s unique needs
private sector lending. communities. Limon Stop & Shop while supporting established
Supermarket held an open house to community relationships.
Cash Collateral Support (CCS) program highlight upgrades made with its
participation was also significant last CO4F grant, and the first new store CHFA is proud to help our
year. CCS helps small- and medium- build supported by CO4F, Farmers customers reach new heights
sized businesses access capital that Fresh Market in Ignacio, celebrated its by investing in their dreams
would otherwise be unavailable due grand opening. of entrepreneurship. We
to collateral shortfalls. In 2015, CHFA know strong communities
increased the deposit amount cap make strong economies and
we are proud to play a role.
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