Small businesses in Colorado will get a $17-million boost through two new capital-access programs.
Making the announcement Tuesday were Gov. John Hickenlooper, the Colorado Office of Economic Development and International Trade and the Colorado Housing and Finance Authority.
Colorado Capital Access and Cash Collateral Support will help businesses with 750 or fewer employees get loans from their local banks for working capital, inventory, real estate or equipment purchases or lines of credit.
Funding for the two programs was authorized by Congress through the Small Business Jobs Act of 2010.
In October 2011, Colorado received $17.2 million through the act’s small business credit initiative program, which was designed to help states in implementing capital-access programs.
All funds must be deployed by October 2013.
Ann Schrader: 303-954-1967 or aschrader@denverpost.com
