Applications open for Accelerate COS

COLORADO SPRINGS, Colo. (SCBFD) – Applications are open through May 31 for Accelerate COS, a Survive & Thrive small business loan program offered by Exponential Impact and the city of Colorado Springs.

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Businesses with fewer than 50 employees and headquartered in El Paso County are eligible.

Exponential Impact supports founders and startups by equipping them with resources and expertise, then strengthening their connections to create rich environments of innovation and collaboration.

Accepted businesses will secure a three-year loan of up to $50,000, with interest of 2% the first year, 3% the second year and 4% in year three, or 0% interest if paid in full during the first year. They will also receive personalized mentorship and education throughout the eight-week Survive & Thrive program.

According to an April 29 release, this program is ideal for businesses seeking growth opportunities, planning to hire and train employees, redefining their business model or experiencing barriers in accessing traditional financing.

Exponential Impact is sponsoring weekly information sessions during the application period that will provide a comprehensive overview of the program and the application process. More information: exponentialimpact.com/accelerate-cos.

This news comes to you from the Southern Colorado Business Forum & Digest, a Business & Economic Development publication of Colorado Media Group. Send your news to editor@coloradomediagroup.com.

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