chfa eNews

Three Reasons to Sign up for CCR

#1: It’s easy to do your part

Successful small businesses are the backbone of a strong economy. The Colorado Office of Economic Development knows this, and they have provided $2.5 million in additional funding for this program. By signing up for the CCR program, banks may register loans of $500,000 or less to small businesses within the community, helping them finance working capital, lines of credit, real estate projects, and/or equipment purchases.

#2: We’ve got you covered

The reserve account, held at the participating bank, is funded by a fee charged to the borrower along with the CCR fee paid by CHFA. Each time a participating bank registers a new loan in the program, a fee is deposited into the bank’s CCR loan loss reserve account, offsetting future losses, all at the bank's discretion. Additional funds are deposited to the account for registered loans made to women/minority-owned businesses and businesses located in Enterprise Zones.

#3: Participation is free

And loan registration is streamlined; no extra training or staffing is needed. However, if you would like to meet with CHFA representatives to learn more about the program we would be happy to visit you personally or conduct a webinar for your office.

To learn more, please visit www.chfainfo.com/business and click on “Colorado Credit Reserve” on the left side of the page. You may also email us at ccr@chfainfo.com to become a participating lender today!


Business Finance eNews 08.10.2009	Three Reasons to Sign up for CCR #1: It’s easy to do your part Successful small businesses are the backbone of a strong economy. The Colorado Office of Economic Development knows this, and they have provided $2.5 million in additional funding for this program. By signing up for the CCR program, banks may register loans of $500,000 or less to small businesses within the community, helping them finance working capital, lines of credit, real estate projects, and/or equipment purchases. #2: We’ve got you covered The reserve account, held at the participating bank, is funded by a fee charged to the borrower along with the CCR fee paid by CHFA. Each time a participating bank registers a new loan in the program, a fee is deposited into the bank’s CCR loan loss reserve account, offsetting future losses, all at the bank's discretion. Additional funds are deposited to the account for registered loans made to women/minority-owned businesses and businesses located in Enterprise Zones. #3: Participation is free And loan registration is streamlined; no extra training or staffing is needed. However, if you would like to meet with CHFA representatives to learn more about the program we would be happy to visit you personally or conduct a webinar for your office. To learn more, please visit www.chfainfo.com/business and click on “Colorado Credit Reserve” on the left side of the page. You may also email us at ccr@chfainfo.com to become a participating lender today!