Business Briefs – 2/8/2008

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M.S. Society selects board

Michael W. King, a partner at Brownstein Hyatt Farber Schreck P.C., has been elected chairman of the board of trustees of the Colorado Chapter of the National Multiple Sclerosis Society.
Angela Kennedy of GHP Financial Group will serve as treasurer and Jan Steiert of Electrum USA Ltd. is secretary.
The state chapter was founded in 1959 and provides programs and advocacy to help and empower more than 70,000 Coloradoans affected by M.S. annually.

Rural lending initiative

The U.S. Small Business Administration’s Colorado District Office has launched an initiative aimed at fostering economic development throughout the state by making it easier for small community banks to use SBA products to finance small businesses.
Rural Lender Advantage is part of the agency’s 7(a) Loan Guaranty Program and will encourage small, rural lenders to offer SBA loans by streamlining the application and approval processes. The program is currently open to any SBA participating lender making 20 or fewer SBA loans a year. Eventually, the program will become available to any lender who meets the eligibility requirements.
The pilot will operate in Region VIII, covering Montana, North Dakota, Colorado, South Dakota, Utah and Wyoming.
The key features of Rural Lender Advantage include:

  • A shorter, simplified application for loans of $350,000 or less.
  • An estimated, expedited loan processing time of three to five days for routine loans.
  • Only limited, key, financial documentation is required.
  • An SBA guaranty of 85 percent if the loan is $150,000 or less; 75 percent if the loan is larger.
  • A new, user-friendly 7(a) loan Web-based portal designed to meet the needs of small/rural lenders for SBA loans of $350,000 or less.
  • A simplified SBA loan questionnaire to help small or occasional SBA lenders understand eligibility criteria.
  • Specialized assistance for rural lenders about complex eligibility issues (affiliates, aliens, etc).

The new service is intended to increase SBA’s market penetration in rural areas.
For more information, visit www.sba.gov/co or call (303) 844-2607, ext. 223.

Landscape excellence

The Associated Landscape Contractors of Colorado recognized two Colorado Springs landscapes during its annual Excellence in Landscape Awards banquet.
Nature’s Way Waterscapes Inc. won an Award of Excellence in the Water Features category for the fountain at the Corporate Financial Center.
Landtech Contractors Inc. won an Award of Excellence in Landscape Maintenance for its work at Pine Terrace.

White, Tarver honored

White Construction Group and Tom Tarver of Greiner Electric have received the Dick Goodman Community Service Award from the Rocky Mountain Chapter of the Associated Builders and Contractors.
The award recognized work completed for the Brandon Burke project, which involved renovating a mobile home for a disable veteran in Castle Rock.
The scope of services included making the home handicapped accessible and providing new finishes throughout.

Export nominees sought

Applications are being accepted from Colorado companies for the Governor’s Award for Excellence in Exporting. The wards recognize companies that demonstrate a commitment to international trade.
Export businesses of any size or industry may apply. Winners will be recognized at World Trade Day on May 1.
Completed applications are due by March 28. For more information, or to request and application, contact Thomas Binet at Thomas.binet@state.co.us or (303) 892-3813.

New recycling center hours

The Electronic Recycling Center at 601 S. Wahsatch Ave., Unit B, is now open from 9 a.m. to 1 p.m. on Saturdays.
Regular hours at the center, which is operated by Community Intersections, are 8 a.m. to 4 p.m. Monday through Friday.
For more information, call 219-3996.

PPWFC Woodland Park office

The Pikes Peak Workforce Center has opened a satellite office in the Woodland Park Library at 218 E. Midland Road.
The office, the second in Teller County, will be open from 10 a.m. to 7 p.m. the first and third Tuesdays of every month. A career consultant will be available to answer questions about occupational training or retraining, labor market information and to provide referrals to other agencies.
The other Teller County location, in the Cripple Creek Aspen Mine Center, is open the second and fourth Tuesdays of every month.

Cheyenne Mountain award

Cheyenne Mountain Resort has earned the 2008 Paragon Award from Corporate Meetings & Incentives, marking the 17th time the resort has been recognized by the magazine.
The magazine’s readers annually choose the properties that best handled their meetings and have the best incentive programs. Fifty properties were honored for the quality of their meeting services, atmosphere, facilities and recreational amenities for 2008.
Cheyenne Mountain Resort is operated by Benchmark Hospitality International, which is based in The Woodlands, Texas.