Seedco Financial in Denver

Seedco Financial was selected to partner with the city and county of Denver and other local public and nonprofit entities to create a citywide nonprofit community development financial institution. It opened its doors in June 2007 in order to provide affordable financing and technical assistance to small businesses, nonprofit organizations, and major commercial projects in low-income and economically distressed communities in the Denver area.

Seedco Financial Lending Products

• Anchor Loans that generate investment, stimulate economic development, and create jobs in low-income communities through loans exceeding $1.5 million. Typically, Seedco Financial attempts to coordinate Anchor loans with New Markets Tax Credit allocations and other economic development financial mechanisms for large-scale projects with a minimum size of $1 million.
• Mid-level commercial and facilities development undertaken by nonprofit community-based lending organizations, human services faith- and community-based organizations, and non- and for-profit real estate developers to benefit our targeted low-income communities and their residents. Seedco Financial offers loans in amounts ranging from $200,000 to $1.5 million.
• Small business lending products for businesses suffering from a lack of access to affordable capital or that do not qualify for traditional sources of lending and are located in target low-income communities. Seedco Financial offers financing to small businesses in amounts of $25,000 to $200,000.
• Micro businesses that are disconnected from mainstream financing and typically, locally-owned with few employees. Loans to micro businesses are up to $25,000.

Geographic Targets
Our lending is targeted to the following neighborhoods: Lincoln Park, Sun Valley, Villa Park, West Colfax, Five Points, Clayton, and Montbello. At the same time, we will consider projects located in other distressed areas and projects that demonstrate a substantial impact on low-income communities.

Partnerships
Seedco Financial works with businesses, banks, developers, nonprofits, and government in varying capacities. Partners may be borrowers, investors, co-lenders or technical assistance providers. For example, Seedco Financial has working relationships with the city and county of Denver, Mile High Community Loan Fund, and the Mile High United Way to link its financing and technical assistance activities with comprehensive neighborhood revitalization strategies in targeted neighborhoods. 

For more information, please contact Gemma North at (303) 297-7403 or by gnorth@seedco.org.