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Colorado Enterprise Fund

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Description

Colorado Enterprise Fund offers specialized SBA financing options tailored to small businesses seeking growth capital, working capital, or equipment loans. With a focus on supporting local entrepreneurs, it provides flexible lending solutions that cater to a variety of business needs. The fund emphasizes community development and economic growth within Colorado, making it an ideal partner for small business owners looking for reliable financial assistance. Their services include SBA 7(a) loans, which are designed to help businesses expand, purchase inventory, or refinance existing debt. The organization also offers microloans and other small business financing programs to foster local enterprise. Located in Denver, Colorado Enterprise Fund is committed to serving diverse industries, with a particular strength in retail, manufacturing, and service sectors. They aim to provide accessible funding options with competitive terms and personalized support to help small businesses succeed and thrive in their local markets.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.3
Google Review Count
82
Question 1
What is this place and what can I find here?
Answer 1
This is the Colorado Enterprise Fund, a lender providing SBA loans, microloans, and small business financing to support local entrepreneurs and small businesses across Colorado.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure personalized service, but walk-in consultations may be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The office operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for consulting; however, standard loan interest rates and fees apply for approved financing.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is open to small businesses and entrepreneurs within Colorado, regardless of residency, provided they meet the qualification criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required to qualify for SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.
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