B:Side Capital and B:Side Fund
Annual Report 2022
Small Business Success Stories
Every year we highlight small business borrowers who have overcome adversity, built a thriving business, or has inspired fellow entrepreneurs, lenders, and our staff! Read on to learn more about each of these inspiring business owners and how our loan programs helped them reach new heights.
Loan Programs and Impact
SBA 504
150
Loans Approved
$387,005,388
Total Project Costs
834
Jobs Created & retained
SBA 7(a)
32
Loans Approved
$27,140,230
Total Project Costs
368
Jobs Created & retained
Inclusive Lending with B:Side Fund
The B:Side Fund team has been hard at work increasing access to direct lending. For over a decade, we have helped small businesses in a variety of industries grow their business with affordable, responsible business loans. In 2022, we provided over $2M in loans to small businesses unable to obtain traditional financing. We launched the Colorado Startup Loan Fund, in partnership with the Colorado Office of Economic Development & International Trade, and completed the initial deployment of the Economic Development Administration (EDA) Colorado Revolving Loan Fund. Check out our 2022 impact below.
Achievements:
Simplified the borrower experience and increased efficiency with new technology integrations
Launched the Spanish-Speaking Resources and Application Process
Streamlined the Loan Review Committee Process
15
Loans funded
$2,034,076
Total Project Costs
158
Jobs Created & retained
Underserved Businesses Impacted
47% WOMAN OWNED
7% VETERAN OWNED
20% RURAL BASED
27% MINORITY OWNED
40% EARLY STAGE
2022 Funding Partners
2022 Partner Lenders
Top 3 SBA 504 Lenders
FirstBank
Hillcrest Bank, a division of NBH Bank
Bank of Colorado
Top 3 SBA 7(a) Lenders
Bank of Colorado
Mountain View Bank of Commerce
Collegiate Peaks Bank
Our Award Winning Lenders
Top 504
Emerging 504
Top 7(a)
Emerging 7(a)
Trailblazing Lender
B:Side Board of Directors
"During my tenure as a Board Member of B:side Capital, I have witnessed unprecedented global economic swings from the COVID pandemic to the impact of the rapidly rising interest rates. I have been consistently impressed with the nimble responses of B:Side. This is once again evident in their SBA 504 program that limits interest rate risk for their customers and partners with banks to manage their balance sheet. Congratulations to the CEO, Chris Myers, and to the staff he is leading for staying true to their mission of providing capital for the small business community through innovative product development in the face of economic headwinds. I wish the entire staff at B:Side continued success." -Tom Francis, InBank
PRESIDENT
Tom Francis, InBank
PAST PRESIDENT
Rick Whipplewood, Whipplewood, CPAs
VICE PRESIDENT
Daniel Ryley, Arvada EDA
TREASURER
Luke Davidson, Land Title Guarantee Company
SECRETARY
Susana Salamun, Alpine Bank
BOARD MEMBERS
Jill Mendoza, Town of Superior
Kathe Mehlbach, Independent Bank (retired)
Susana Salamun, Alpine Bank
Jessen Perko, Rudy Gregory, Attorneys at Law
Matthew Brunkow, Commerce Bank, N.A.
James King, J.P. Morgan Chase
Todd Guymon, Hillcrest Bank
Kyle Sickman, FirstBank
Amy Hillman, Arizona State University
Loan Review Committees
SBA 504 Committee
SBA 504 Committee
Direct Lending Committee
Dan Bennett, Hillcrest Bank
Larry Stewart, Alpine Bank
Brian Bare, Hillcrest Bank
Scott Davenport, Independent Financial
Val Moring, Elevations Credit Union
Zion Spurgeon, Commerce Bank
Joel Krominga, JP Morgan Chase
Patrick Riley, FirstBank
Hayden Thomson, FirstBank
Ryan Panariso, ANB Bank
Jonathan Lay, Vectra Bank
Katelin Cook, Mountain Valley Bank
David Adzema, PB&T Bank
Jackie Bogdan, CrossFirst Bank
Drew Johnson, Adams Bank & Trust
Blake Zumbrunnen, Zions Bank
Ryan Hutchins, Peak Business Valuation
Mark Favro, ANB Bank
Bill Unrein, Vectra Bank Colorado
Felicia Aguilar, Premier Members Credit Union
Joe Short, First Western Trust Bank
Terry Berg, Sunwest Bank
Nathan Tervort, Hillcrest Bank
Hudson Beasley, FirstBank
Hunter Railey, Colorado Department of the Treasury
Shelbi Bauer, Alpine Bank
Brian Rose, Region 9 Economic Development District of Southwest Colorado, Inc
John Autry, Air Academy Federal Credit Union
Halden Kaneb, Huntington Bank
Joe Short, First Western Trust Bank
Ted Mentry, Independent Financial
Jay Finesilver, Finesilver Business Consulting Service
Evan Smith-Acuna, FirstBank
Stefan Katsampes, Redstone Bank
Lucas Workman, Town of Erie
Lindsey Vigoda, Small Business Majority
Sean Waybright, Evolve Bank and Trust
Lonnie Weaver, Kirkpatrick Bank
Christine Dickensheet, Dickensheet & Associates, Inc.
Benjamin Martin, Collegiate Peaks Bank, a division of Glacier Bank
Lauren Money, Vaco
Eric Donnelly, Crossroads
Matthew Nuñez, Colorado Office of Economic Development and International Trade
Matthew Propst, ANB Bank
Shane Mahoney, Community Banks of Colorado
Phuong Nguyen, Colorado Housing and Finance Authority
Thank You to Our Team
Each year brings new challenges but, with a great team, success is always within reach. Thank you to the B:Side Capital and B:Side Fund teams for remaining passionate and dedicated to supporting small businesses. We are proud to be a 2023 Best Places to Work Honoree by the Denver Business Journal.
We look forward to covering new ground in 2023!