A Letter From Our CEO
Happy 2023!
As we reflect on all that we have achieved in 2022 and look toward the new year, I am filled with gratitude for each and every one of our Board Members, Loan Review Committee Members, and most importantly, our incredible staff. Their combined dedication, hard work, and commitment to our shared vision has been instrumental in driving B:Side’s success and the small business communities we serve.
I am particularly proud of our efforts to establish and embody the B:Side Way, our internal set of beliefs that has helped to solidify our brand and set us apart in the market. From the "Rock your Socks" campaign to the deployment of the full Economic Development Administration (EDA) award we received in 2020, we have made significant strides in building a cohesive and authentic brand that reflects who we are as a company.
I am excited about the progress we have made developing internal efficiencies and hiring our first Relationship Manager, which are important steps in delivering the highest level of quality to our small business owners and partner lenders. I am also grateful to everyone who supported our lobbying efforts for continued 504 funding and ensured we had a seat at the regulatory table.
Moreover, I am proud of the progress we have made in becoming a more agile and adaptable team, as this will serve us well as we expand into new territories. We are well on our way to becoming the largest and best run CDC in the Western U.S.
Looking ahead to 2023, I am excited to focus on growing our market share in Colorado, Arizona, New Mexico, and Utah to help further support small businesses' access to critical funding options. Not only are we able to partner with lenders under the SBA 504 and 7(a) programs in these states, we also have funding up to $75,000 under our direct lending options in Arizona, New Mexico, and Utah as we continue growing our presence outside of Colorado.
We will continue to develop and embrace the B:Side Way, cultivate leadership at every level, and deepen our team's hard and soft skills. Additionally, we will work to dramatically grow the B:Side Fund as part of our long-term strategy.
And finally, we will navigate an uncertain and challenging macroeconomic environment by focusing on developing relationships and deepening our organizational intelligence.
With our collective talent, drive, and determination, we will achieve even greater success in the year ahead, all in support of helping small businesses grow and prosper. In the meantime, be on the lookout for our 2022 Annual Report, which will highlight our partner lenders and the impact we made together on the small business community. Additionally, we have just launched two new blogs that I encourage you all to peruse. We have made it easier for lenders to access relevant SBA information on our B:Side Capital website in addition to providing even more small business resources to entrepreneurs and business owners on B:Side Fund’s website.
Thank you for being a part of this journey and for your continued commitment to our mission.
Sincerely,
Christopher Myers
CEO, B:Side Capital & B:Side Fund
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