Feds release another $5.5 million for Colorado small business loans

DENVER – Colorado small business lending programs today received $5.5 million by the U.S. Treasury Department’s State Small Business Credit Initiative.

The money is the third and final disbursement of a $17.2 million award announced in October 2011, according to a release from the Colorado Housing and Finance Authority.

“With 98 businesses served and more than $72 million in private sector lending leveraged, the State Small Business Credit Initiative is doing exactly what was intended of the program – helping businesses access capital,´ said Cris White, Colorado Housing and Finance Authority’s executive director and CEO in a statement. “We are excited to…