DENVER - Colorado bankers and lenders Wednesday unveiled a consortium effort aimed at helping small businesses navigate their way to critical funding sources by way of a newly created website.
Claiming it to be the first time nationally that private and public agencies have worked together to help small businesses obtain financing, Colorado Bankers Association chief executive Don Childears said SmallBizLending.org was the brainchild of happenstance.
"It was at our board meeting in November that someone brought it up," Childears said following the announcement at the Capital. "I suppose we merely presumed people knew how to do this, that they understood how to get financing for their business."
The approach is unique in that it doesn't set aside a pool of money designated for small business lending — as typically occurs to spur growth — but pools resources to help those companies find funding that already exists.
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