Lakewood Reinvestment Authority Meeting Agenda Packet September 2025
Revolving Loan Fund Partnership with Colorado Enterprise Fund
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Description
Lakewood Reinvestment Authority continues its revolving loan fund partnership with Colorado Enterprise Fund, pledging $650,000 to support local businesses. Two loan applications were conditionally approved under revised 2025 program terms, with funds intended to revitalize commercial properties and reduce blight.
Contract Details
Contract Amount
$650,000 pledge (matched by $500,000 from CEF)
Vendor
COLORADO ENTERPRISE FUND
Agency
City of Lakewood, CO
Contract Type
FINANCIAL_SERVICES
Document Date
September 15, 2025
Contract Term
Ongoing partnership, loans of 3–7 years per applicant
Renewal Info
Partnership has been ongoing since its initial implementation; revised in 2025 to improve utilization. Individual loans have 3–7 year terms.
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