CEF reports largest lending year in organization’s history

DENVER — The Colorado Enterprise Fund, in its review of 2020 activities, reported that the organization experienced its largest lending and funding year ever and had unprecedented demand for its small business loan programs and technical assistance service, particularly in response to the COVID-19 pandemic. CEF was founded nearly 45 years ago.

In the fiscal year that ended Sept. 30, the nonprofit lending institution provided a total of nearly $32 million in loans to 1,115 Colorado small businesses. Of those loans, $18 million was provided in the form of Paycheck Protection Program loans via the CARES Act to 779 small business…