Do you consider yourself an Entrepreneur? Are you a person who organizes and manages a business with considerable personal risk? Due to the nature of our business, we work with Entrepreneurs of all kinds. Some are small business owners that are just getting their business up and running, others are established Entrepreneurs with 10+ years under their belt growing their business and expanding into multiple locations. In either case the founder/owner(s) still carry significant personal risk if something where to go wrong. No matter what their business size, all Entrepreneurs have one thing in common. They are the leaders and motivators of their business.
In SBA’s Fiscal Year 2016 which ended September 30th, program partners helped 182 entrepreneurs and their businesses obtain SBA 504 loan approval. This was an increase of 13 loans compared to 2015 FY numbers. In Fiscal Year 2016, Preferred Lending Partners helped 24 entrepreneurs and their business obtain loan approval to finance their own building and other large fixed assets
Some additional fun facts about Colorado’s small business community, were shared by Patti Green from Accutrend Data. This information is regarding businesses in Colorado in 2014 and 2015, as the 2016 calendar year has not yet wrapped up.
- New Businesses Registration has increased by 17,422 new businesses in 2015 from 2014
- In 2015 Colorado reported having 15,489 women owned businesses, this is nearly 5,000 more than 2014
- Of which 2,473 of them were located in the Denver Metro area.
These leaders often turn to resources for assistance such as websites, trade associations, SBA and other friends and family members that have owned their own ventures. Utilizing your resources can truly help your business succeed, however, knowing where to turn can sometimes be difficult. Below is a link to the 50 best websites for entrepreneurs to visit. We’d like to point out that both SBA and Score program (which we are strongly connected to) are listed as resources.
On November 26, 2016 show your support to fellow entrepreneurs for Small Business Saturday. Show your local small business owners how much you appreciate what they do!