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Greetings!
Your friendly small business newsletter is
back with updates and human interest stories for our friends and
supporters.
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$800K in New Loan Funds for CEF
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News from the Executive
Director - Ceyl Prinster
Due to a record pace of lending, CEF
recently closed on $750,000
in new loan capital.This is our 6th round of funding from the SBA
Microloan Program. This money will be available for CEF to loan to
businesses when CEF raises the non-federal matching funds required for
the program. The State of Colorado recently helped with some matching
funds in a $50,000 grant
from the Economic Development Commission under a program administered by
CAMI - the Colorado Association for Microenterprise Initiatives. "We
are fortunate to be able to access public sector resources that will help
build our local economy", said Ceyl Prinster, CEF Executive
Director.
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Meet a Borrower - Baroness Coffee
Company
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CEF funds expansion of
local coffee business.
Back in 1995 when Baroness Coffee opened
its doors, the office coffee supplier operated out of a 3,000 sq. foot
site on the Southside of Denver. Nine years and 17,000 sq. feet later,
Delia Clark (pictured right) and John Kuffour have turned Baroness into a
million dollar company.
Read on...
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Technical Assistance - Making a
Difference
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Quesaria Mi Ranchito (My Little Ranch Cheese Factory) CEF staff provide
a 300 piece direct marketing campaign and a business valuation for
borrower.
Ramon and Ernestina Hinojos are living
examples of an American success story. Early in 2004 their start-up
factory began producing high quality Mexican cheese and dairy products
for the Denver area.
Read on...
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