February 1, 1998

Loans a challenge for small businesses

By

Three months after Dave Wiloweit started a greeting card business with money borrowed

from family and friends, he discovered he didn’t have enough money to keep his doors open.

With no track record, collateral or revenue history, commercial banks weren’t interested in

loaning him money.

After being turned down more than once, he found his way to the Colorado Enterprise Fund,

which makes micro-loans — loans $25,000 or less — to small businesses that commercial banks

consider too big a risk. The fund loaned him $10,000.

Today,…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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