PROGRAM history

Exponential Impact’s Survive & Thrive Program began out of an acute need to support businesses that were struggling with the adverse effects of the COVID-19 pandemic. As financial first-responders, XI distributed $2.3 million in low-interest, non-recourse loans to 132 small businesses in Colorado Springs before any federal funding was disbursed, resulting in $156 million in economic impact.

In addition to access to funding, Survive & Thrive provided local businesses with access to programming, mentorship, and community. Since 2020, XI has completed another 2 iterations of the Survive & Thrive program which has had a significant impact on the City of Colorado Springs.

SURVIVE AND THRIVE PROGRAMS

Survive and Thrive Accelerate COS Revolving Loan Fund (RLF) is an initiative led by Exponential Impact, in partnership with the City of Colorado Springs, who’s core competency is in pairing funding with holistic programming to support sustainable growth. The purpose of Survive and Thrive RLF is to provide support and growth infrastructure to business owners to make necessary pivots and develop scaffolding for future city-wide prosperity. The primary goals of the program are to offer an accessible program to accelerate economic growth, provide capital and expertise to local businesses, and create/retain jobs.

The Crisis Response COS Program is a comprehensive initiative designed to support our local small business community in navigating through unexpected crises that threaten their operational stability and future growth. Recognizing the wide array of challenges that can constitute a crisis, the program defines a crisis as any uncontrollable event or sequence of events that significantly disrupts the normal operations of a business. This can range from natural disasters, such as floods and earthquakes, to any significant event that poses a threat to the business's ability to operate effectively.

THE SURVIVE & THRIVE STORY

  • “This city seems so big that it can make someone feel insignificant. This program brought us together in a way that makes me feel like I belong here.”

    -Carlos Gonzalez (Carlos Gonzalez Insurance Agency)

  • “Community is everything! The people in this program, those of you who put this program together, and everybody who volunteered their time to teach us something to help improve our businesses...it means the world to us!”

    Heather McBroom, CEO - Precision Services

  • “THANK YOU FOR TAKING A CHANCE ON ME. IT WON’T GO TO WASTE! THE SUPPORT FROM SURVIVE & THRIVE HAS BEEN ABOVE AND BEYOND WHAT I COULD ASK FOR.”

    Aleta Rhone, Owner - Rhone River Wellness XI Survive & Thrive 2020

Congratulations to our 2022 Grant Award Recipients

Survive&THRIVE 2022 REVIEW

Click here for more information about the Survive and Thrive: Accelerate COS Loan Program

For any additional questions please contact coral@exponentialimpact.com