We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The Innosphere will refer qualified startup companies to its early-stage loan pool to fill their purchase orders or to build inventory.
Home State Bank made a low-interest loan of $250,000 from its Community Reinvestment Act program to the Colorado Enterprise Fund, which will administrate the fund. Colorado Enterprise Fund also will set aside as much as $250,000 in additional funding for the loan pool.
Innosphere companies already have begun to receive loans from the fund.
“As an entrepreneur, having access to this kind of capital is a big help because it solves our supply-chain issue,´ said Gordon Coombes, CEO and founder of Canvasback Enterprises LLC.