Colorado providing funds for business loans
DENVER – Gov. Bill Ritter and Treasurer Cary Kennedy say $40 million is being made available for loans for Colorado small businesses, manufacturers and agriculture.
The governor says the new investments will help Colorado businesses and families through the economic downturn and will be an important part of Colorado’s recovery.
Kennedy says her office will invest $10 million of state funds in a state lending program for agriculture and small business. The other $30 million will come from federal bonds that are administered by the Colorado Housing and Finance Authority.