Resources for Business Owners - COVID-19
The resources below provide state and federal COVID-19 announcements, programs, and information relevant to Colorado businesses.
Energize Colorado - Attention small businesses! The Energize Colorado Gap Fund will provide more than $25M in small business loans and grants to boost small business enterprises that are the economic engines throughout the state. Sole proprietors, businesses and nonprofits with less than 25 full-time employees can apply for up to a $15,000 grant and a $20,000 loan for a possible combined total of $35,000 in financial assistance.
Restaurants: Founded in 1933, the Colorado Restaurant Association (CRA) is the leading trade organization for the state’s dynamic foodservice industry. The CRA has a frequently updated list of resources -- including quick links, operational and legal guidance, compliance information and past member emails that relate to COVID-19. Reach out by emailing CRA or calling 303-830-2972. Opt-in to the email list here for regular updates.
Paycheck Protection Program Forgivable Loans: provides small businesses with forgivable loans to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Applications open April 3
Economic Injury Disaster Loans for Small Businesses: Colorado small businesses throughout all 64 counties and on all tribal lands may seek up to $2M. Apply through SBA. Colorado SBDC has developed a comprehensive guide about this loan to answer most questions.
SBA Express Bridge Loan: This loan allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork and a faster timeline.
Alternatives To Layoffs: Thinking of laying off employees? There are other options to consider and assistance that can be provided to employers to avoid having to layoff employees.
Pandemic Unemployment Assistance: Approved by the federal government, this is assistance for Gig-workers, self-employed and independent contractors to collect unemployment benefits. If you are unemployed and in the last 18 months were self-employed and responsible to pay taxes on your income, you can file for expanded unemployment benefits called Pandemic Unemployment Assistance.