Access to Capital
The Federal and State government have many resources available to assist businesses with access to venture capital.
Small Business Administration
The Small Business Administration has many tools available to assist with financing options including loans, grants, bonds and venture capital.
Certified Capital Companies Program
The state has 6 Certified Capital Companies (CAPCOs) that make loans and provide equity to Colorado businesses. CAPCOs' minimum and maximum investment may generally range from $100,000 to $3.3 million. The CAPCOs are independently operated and make the funding decisions. State approval is limited to ensuring that businesses receiving funding meet minimum specified requirements.
Colorado Venture Capital Authority
The Venture Capital Authority (VCA) has selected a fund manager (High Country Venture, LLC) and established a fund (Colorado Fund 1) to provide seed and early-stage capital to businesses. The minimum and maximum investment size may generally range from $250,000 to $3.375 million; however, High Country Venture, LLC has indicated a preference for investments ranging from $500,000 to $2 million. High Country Venture, LLC is independently operated and makes funding decisions.
Colorado Enterprise Fund
The Colorado Enterprise Fund (CEF) is the state’s top nonprofit lending institution and a respected alternative lending source specializing in loans for small business and start-ups unable to receive traditional bank financing. For almost 40 years, in partnership with banks, foundations, government agencies and industry leaders, we’ve provided more than $38 million in loans to over 1600 businesses to help create or retain over 10,000 jobs in Colorado. Committed to providing more than just a loan, we offer in-house business training, coaching and resources to all our borrowers to ensure they succeed and their communities thrive.
State approval is limited to ensuring that businesses receiving funding meet minimum specified requirements.