Colorado enterprise fund - CO

The Colorado Enterprise Fund received a $645,620 project grant from the Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) effective July 1, 2025, through June 30, 2026. As a certified Community Development Financial Institution (CDFI), the Colorado Enterprise Fund will utilize this funding to provide microloans up to $50,000 to startup, newly established, and growing small business concerns in Colorado, with a particular emphasis on underserved entrepreneurs including women, minority, and low-income business owners. Eligible loan proceeds are restricted to working capital, inventory, supplies, furniture, fixtures, machinery, and equipment.

In addition to direct lending activities, the grant supports marketing, management, and technical assistance services to prospective and current microborrowers, as well as training for the organization's staff. The Colorado Enterprise Fund maintains sub-award partnerships, including with the City of Boulder, to extend microfinance and supportive services to local entrepreneurs. This award reflects the SBA's continued investment in intermediary lending infrastructure to address capital access challenges in economically distressed and historically underserved communities.