First Southwest Community Fund (FSWCF) was created in 2015 by First SouthWest Bank to provide risk mitigating gap funding. FSWCF is headquartered in Alamosa, CO but serves rural Colorado in its entirety. Unlike the rest of the state, rural Colorado has not felt the same levels of increased economic prosperity post-recession. In fact, Colorado’s three persistent poverty counties lie in the rural south.
FSWCF has a primary mission of supporting tangible economic opportunities throughout rural Colorado by making much needed non-traditional capital (loans) available to emerging and existing businesses, which in turn create, retain and grow jobs. Often times, it is the FSWCF loan that enables a bank to get to a “yes” while staying within the parameters of its loan policy.
By promoting economic development in distressed communities, FSWCF helps create and retain jobs while encouraging the development of critical community infrastructure.