Exponential Impact, together with the City of Colorado Springs, announced on Apr. 2 that applications are now being accepted for the Summer 2026 Small Business Loan Program under the Survive and Thrive initiative. The program offers low-interest, non-collateralized loans of up to $50,000 and an eight-week entrepreneurial support course to help small businesses in El Paso County grow. Applications will be accepted through May 1.
The program aims to provide local businesses with access to capital as well as mentorship, education, and community resources that may not be available through traditional financing methods. Shawna Lippert, Economic Development Manager at the City of Colorado Springs, said, “The City of Colorado Springs is excited to continue its partnership with Exponential Impact to support our small business community through the Survive and Thrive Small Business Loan Program. Local businesses are encouraged to consider the opportunity to access the capital, mentorship, education, and community this program offers.”
Eligible applicants include small businesses based in El Paso County with fewer than 50 full-time employees and at least six months of operating revenue. The loan is intended for those looking for growth opportunities or facing challenges accessing conventional loans.
Max Cupp, Executive Director of Exponential Impact said: “We’re looking forward to another powerful cohort this summer. Survive and Thrive offers more than just funding. It provides lasting community connections, personalized mentorship, and real-time support for business challenges.” Participants must complete an eight-week curriculum featuring mentor groups and expert-led sessions on topics such as finance, leadership, marketing, operations, and personal development.
Sessions will take place Wednesdays from July 8 through August 26 between 1:00 p.m. and 3:00 p.m., followed by a graduation event on September 2 from 5:00 p.m. to 7:00 p.m. Accepted businesses will receive a three-year loan at a fixed interest rate of five percent.
Brian Laycock from Urban Animal Brewing described his experience: “as a first-time business owner and first time experiencing this type of Program… I have not only learned many useful skills… but also many others in my position that I can reach out to for advice… This will allow me to create a better environment for both my staff and customers… I highly recommend this Program…”
More information about applying can be found at XISurviveAndThrive.com.
