2022
Expanding Our Reach
The B:Side Fund team has been hard at work increasing access to direct lending, grants, and program-related investments. For over a decade, we have helped small businesses in a variety of industries grow their business with affordable, responsible business loans. In 2022, we provided over $2M in loans to small businesses unable to obtain traditional financing. We launched the Colorado Startup Loan Fund, in partnership with the Colorado Office of Economic Development & International Trade, and completed the initial deployment of the Economic Development Administration (EDA) Colorado Revolving Loan Fund. Check out our 2022 impact below.
As a 501(c)3, B:Side Fund has been able to re-imagine the lending system in a way that increases accessibility and promotes transparency. We created an intentional credit policy with flexible collateral requirements, converted to an online application, and built out a robust network of resources and referrals for small businesses. By streamlining our systems and utilizing powerful new technologies, we have set the foundation for more impactful direct lending in the future. Check out the impact we have had in 10 years of direct lending below.
2022 Year Impact
$2,034,076
Total Project Financing
15
Loans FINANCED
158
Jobs Created or Retained
We care about financial inclusion
49% Female owned
6% Veteran owned
43% Rural owned
23% minority Owned
41% Startup or Early Stage
Annual Reports
Before our B:Side Fund days, were were known as Colorado Lending Source, plugging away at helping small businesses grow and prosper for over 30 years. That’s why it’s still important to highlight who we are and where we came from. Take a peek at our archive of Colorado Lending Source Annual Reports.
2022 Annual Report
