In 2015, Colorado recorded a record year for small business funding. According to the Denver Business Journal, small businesses in the state secured a whopping $710 million in funding from the Small Business Administration. The total surpassed the previous fiscal year by $47 million.
Small businesses in Colorado acquired 1,754 total funding backed by the Small Business Administration. The biggest beneficiaries of small business funding were the retail and construction trade. The state also saw plenty of diversity in small-business lending with many funding going to minority-owned businesses. Funding sizes varied in the state with 590 funding approved at $50,000 or less, which totaled around $13 million. Small businesses employ 97 percent of the private workforce in Colorado with two out of every three jobs created through the private sector. Small business funding is used for a variety of company-related endeavors. Some owners take out a funding because their businesses are struggling to stay afloat and they need a saving grace to prevent bankruptcy. Others use their funding to expand on their companies and provide upgraded services to their customers. Before choosing to take out a funding, you’ll want to create a plan for the money. Know how much you’ll need as part of the funding and what the money will be spent on.
Besides hosting the largest startup event in the US, Colorado’s startup scene is very welcoming, especially for tech industry ventures. In 2015, Colorado ranked 4th in the nation in real GDP growth. Employment growth in Colorado ranked 8th nationally in September 2016. Colorado has the 8th lowest unemployment rate in the nation at 3.6%. As of 2016, there were 2,891.5 thousand people in the Colorado labor force.
The economy of Colorado is ranked 20th largest in the United States in 2008. According to The Bureau of Economic Analysis, the gross state product estimates for 2008 was $248.6 billion. Colorado‘s per capita personal income in 2003 was $34,561, putting Colorado 8th in the nation
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Denver is the largest city in Colorado. It’s the gateway to the Rocky Mountains. Many people from around the nation fly into Denver and then begin exploring the rest of the state. Denver also plays home to people working in the natural resources sector, First Down Funding is one of the top funders in the area.
Colorado Springs is one of the most scenic areas of Colorado. For this reason, the city’s local economy benefits from an influx of tourism every year. The area is extremely popular with small business owners. If you are thinking to start a business in Colorado Springs you should consider First Down Funding.
Aurora is another beautiful city in Colorado. The local economy benefits from the surrounding Air Force base and local medical centers. There are tons of great small business lenders in the area, First Down Funding is one of the top funders in Aurora.
Fort Collins is another city in Colorado that benefits from its proximity to mountains and hiking trails. It’s a great place to move a family – it’s much more affordable than other areas in Colorado. If you are thinking to start a business in Fort Collins you should consider First Down Funding.
While the largest employer in Lakewood is the government, there are still various private businesses in the area. First Down Funding is one of the top funders in the area.
The best time for your company to take out a funding is when you need a large lump sum of cash for business expenditures. Some use their funding money to improve marketing and advertising to bring in new clients. Others use their funding-obtained money to expand on their shops and properties, improving services for customers. When taking out a small business funding, you need a clear goal in mind so that the money benefits you. Many entrepreneurs apply for funding, receive the money and then spend it on frivolous things that aren’t advantageous to their companies. Before spending any money, have a solid objective for your business and know where every penny of that funding is going to be spent.
First Down Funding Offers quick processing and next day funding business funding in Colorado
First Down Funding specializes in structuring and approving cash advances for small to medium-sized business owners in Colorado just like you. We have a large selection of merchant services that are designed to immediately help with all of your business’ needs. Our continuous growth allows us to give personal attention to each client’s specific needs and offer creative solutions. First Down Funding provides alternative business funding as well as the advice you need to keep your business thriving.
Small business funding application is different from personal funding. If your company is older and well-established, you should have no problem taking out a funding. You’ll need documentation of sales and expenditures associated with your company. This lets First Down Funding know if you’ll have the funds to pay back the funding.
We’ve designed our process to provide businesses with the funding they need safely, securely and easily:
Fast & Simple Experience: Our online application and approval processes are straightforward and highly effective. With our easy application process and fast approval rates, we make it so that you can get the funding you need, when you need it.
Focused on Working Capital: Working capital is the financing your business needs on-demand to proceed with day to day options. We make it so that you can attain these funds within 72 hours of your approval.
Service & Support: Our business financing services are personalized so that your business’s unique needs are met. We work with you personally to ensure you are supported at every turn.
If you have a good idea and a little bit of business savvy, a small business startup funding can serve as the cornerstone to your fortune. Whether it’s a traditional business funding, credit line, commercial mortgage, construction funding or business credit card, First Down Funding can provide the funding you need to become your own success story.
Our support for small businesses extends well beyond startup funding. Visit our blog to read about valuable information for small business owners including:
We Help Small Businesses With Working Capital Funding For Short & Long Term Projects
Denver, officially the City and County of Denver, is the capital and most populous municipality of the U.S. state of Colorado. Denver is located in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains. The Denver downtown district is immediately east of the confluence of Cherry Creek with the South Platte River, approximately 12 mi (19 km) east of the foothills of the Rocky Mountains. Denver is named after James W. Denver, a governor of the Kansas Territory. It is nicknamed the Mile High City because its official elevation is exactly one mile (5280 feet or 1609.3 meters) above sea level.
Denver is also a hub for chef-owned restaurants and was featured in the fifteenth season of Bravo’s hit TV show “Top Chef.” Stroll among the Victorian buildings and boutique shops of Larimer Square and take your pick of culinary talent, then indulge yourself with the many offerings from locally sourced products. Denver is at the forefront of the food hall revolution, including Avanti F&B, where seven rotating casual dining concepts share space with two craft bars and a patio with spectacular views of downtown;
Denver is also known for something other than its high altitude: beer. With more than 100 breweries and tap rooms in the metro area, there is endless variety from pale ales, one-off firkins and daring ingredients, created by a community of passionate artisans crafting some of the most adventurous beers in the country. The Denver Beer Trail, a collection of more than 30 of Denver’s top beers, can be your guide to this hoppy heaven.
At First Down Funding, we keep our applicants in the know during the entire process from start-to-finish, and many applicants receive an answer in just minutes.
Once you’re approved, we process our alternatives to short-term small business funding fast, and sometimes our customers see the funding in their account as soon as the end of the next business day. Helping business owners obtain the funding they need to grow in such a short time span is an amazing feeling for us.
Our customers love sharing their experiences with First Down Funding, and thanks to their testimonials, we have been rated 4.8 starts in google reviews.
If you would like to learn more about our types of short-funding options for small businesses, call First Down Funding today at (866) 644 1353.