The Colorado Enterprise Fund recently received a $50,000 grant from the Fort Collins-based Blue Ocean Foundation to provide small business loan capital and coaching services in northern Colorado.
The Colorado Enterprise Fund is a nonprofit loan fund that finances small businesses and start ups that are blocked from mainstream capital sources. With Blue Ocean’s support, the Colorado Enterprise Fund will lend $1.6 million and provide 280 business-coaching hours to Weld and Larimer entrepreneurs, according to a news release from the Fund. The grant will directly support the Fund’s community microloan programs in Weld County, Longmont, Loveland and Innosphere in Fort Collins.
The Blue Ocean Foundation, the charitable arm of developer Blue Ocean Enterprises, promotes economic development in Weld and Larimer counties.
“(Colorado Enterprise Fund) investors, like Blue Ocean Foundation, empower eager entrepreneurs to fill a need, solve problems and create their own success, for themselves and their local communities,” Ceyl Prinster, president and chief executive officer of the Fund, said in the release.
For more information about applying for a Colorado Enterprise Fund loan in Weld and Larimer counties, contact Lewis Hagler, director of business development at the Fund, at (720) 473-4055 or lewis@ColoradoEnterpriseFund.org.