Colorado has allocated $20 million in federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funds to help homeowners who’ve been economically impacted by the COVID-19 national emergency. Call 303-389-1687 or (877) 462-2911 As the news spreads about Corona Virus (COVID-19), many businesses have questions about whether they can shut down sites where the infection is present or conduct a preemptive shut-down of sites where there is no infection to safeguard the health of their employees. Disaster Financial Assistance with Food, Housing, and Bills These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. All downhill ski areas and resorts in Colorado are closed, as well as many visitor attractions, museums, performance venues and retail stores. Our consultants and partners—including the U.S. Small Business Administration (SBA)— provide services to assist with disaster loan applications, longterm planning, insurance navigation, physical and economic loss estimations, business preparedness and more. Grants to USA, Canada, and International eligible investigators, including those experiencing hardship related to the Coronavirus (COVID-19) pandemic, for research related to psoriasis. FIRC Energy Assistance: FIRC provides assistance with utility bills.Many are eligible! Applicants must submit an LOI prior to applying. • Certification from a representative of your business or organization that is authorized to certify that the documentation provided is true and that the amount that is being forgiven was used in accordance with the program’s guidelines for use. This assistance is not limited to COVID-19 hardships and if requirements are met for both programs, this may be stacked with the … According to the Office of State Planning and Budgeting, Colorado’s tourism industry, which supports many of the state’s small businesses, is expected to rebound more slowly than other sectors. Learn about mortgage and rental relief. You can also learn how to apply for temporary assistance. The IRS is extending the federal income tax filing deadline to July 15 as part of a growing effort to stem the financial pain from the coronavirus pandemic - announced Treasury Secretary Steven Mnuchin today.- The news has been verified via multiple news agencies. Colorado Proud has put together the following list of Colorado farmers, ranchers, retailers, chefs, restaurants, and food and beverage manufacturers providing food, products and services direct to consumers. Artistic projects may be new or ongoing. For example, if you use your PPP to cover payroll for the 8-week covered period, you cannot use a different SBA loan product for payroll for those same costs in that period, although you could use it for payroll not during that period or for different workers. Learn about mortgage and rental relief. On March 27, 2020, the president signed the CARES Act into law, which, among other things, provides broad relief for federal student loan borrowers. Businesses directly affected by COVID-19 and have suffered or are likely to suffer substantial economic injury, Business must be independently owned and operated, Businesses that offer services directly related to the businesses in the declaration, Other businesses indirectly related the industry that are likely to be harmed by losses in their community (Example: Manufacturer of widgets may be eligible as well as the wholesaler and retailer of the product), Business that is not considered small under SBA guidelines, Lending and investment concerns (except for real estate investments held for rental), Loan packagers who derive more than 1/3 of their annual volume from the preparation of applications seeking financial assistance from the SBA. And find out how the CARES Act can help your family ... Coronavirus (COVID-19) Stimulus Checks for Individuals . SMALL BUSINESS COVID-19 DISASTER RESPONSE HOTLINE: 303-860-5881 ((OPEN MONDAY-FRIDAY 8AM-5PM)), Treasury and IRS Issue Guidance on Deferring Tax Payments Due to COVID-19 Outbreak, US Patent and Trademark Office Alert: Closure of USPTO facilities to the public. For example, a borrower may obtain a loan from the Paycheck Protection Program and use those funds to pay for 8 weeks of payroll or employee retention. Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $1,000,000 with less paperwork. Sample Grants and Business Funding Documents, Glossary of Nonprofit Grant and Funding Terms, Glossary of Business Grant and Funding Terms. Here are the directions that the Colorado SBA District Office provided on how to return EIDL funds. You should consult with your local lender as to whether it is participating in the program. Grants to USA individual artists for urgent financial assistance. Colorado's Adult Financial Programs include the following programs. Yes, you are still eligible to apply for the Paycheck Protection Program even if you applied for or received an SBA Economic Injury Disaster Loan. Employees during the temporary shut-down may file a claim to collect unemployment insurance benefits as job attached claimants. An overview of the implications of the CARES Act on small business. Grants to Colorado municipalities, counties, special districts, nonprofit organizations, and agencies for recreational and environmental needs emerging from the Coronavirus (COVID-19) pandemic. 7(a) loans are an affordable loan product of up to $5 million for borrowers who lack credit elsewhere and need access to versatile financing, providing short-term or long-term working capital and to purchase an existing business, refinance current business debt, or purchase furniture, fixtures and supplies. Find details on the latest leave with pay rules and industry specifics. The Colorado Office of Economic Development and International Trade (OEDIT) has put together a list of over 100 different funding options for small businesses. Colorado’s call line for general questions about the novel coronavirus (COVID-19), providing answers in many languages including English, Spanish (Español), Mandarin (普通话) and more. Canada Emergency Response Benefit (CERB) Closed. Applicants must contact program staff prior to applying. Current State of Colorado employees experiencing an unforeseen life event impacting their financial stability are encouraged to apply for financial assistance. Colorado workers affected by COVID-19 closures eligible for assistance Matt York/AP An employee enters a closed Converse shoe store Monday, March 15, 2020, in Phoenix. Read about the process here. Utility Bill Payment Assistance. Learn about the help you can get through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The loans range from $100,000 to $300 million. All financial support and services for individuals, businesses, and industries affected by the COVID-19 outbreak. Understand what affect the COVID-19 outbreak has on your 2019 taxes. COVID-19 Economic Response Plan. Statement Requesting to Repay/Return EIDL Loan and/or EIDL Advance; Business Name and EIN(s), if applicable. COVID-19-related Housing Assistance Concerning assistance for individuals facing a housing-related hardship due to the COVID-19 pandemic, and, in connection therewith, transferring money received from the federal government pursuant to the "CARES Act" to the eviction legal defense fund and the housing development grant fund to provide such assistance and making an appropriation. How is the forgiveness amount calculated? Executive Order D 2020 017 “Ordering Coloradans To Stay at Home Due to the Presence of COVID-19 in the We know that many students have been impacted financially by the circumstances surrounding COVID-19. Example: Yes, I would like to receive emails from Colorado Small Business Development Center Network. If you wish to begin preparing your application, you can download a sample form to see the information that will be requested from you. SBA has a free referral service tool called Lender Match to help find a lender near you. Find coronavirus financial support for your business Coronavirus (COVID‑19) support is available to employers and the self-employed, including sole traders and limited company directors. Mar - May 2020, May - Jul 2020) • Experiencing reduced monthly salary of at least 30% for a period of at least 3 consecutive months (e.g. Now is the moment for us to come together to support our state and buy local food, groceries and goods. Stay up to date on workshops, events and more. Applicants must submit an LOI prior to applying. The Caring For Others COVID-19 Financial Assistance Program is designed for individuals and families who's income has been directly effected by COVID-19 i.e., the specific employer has laid them off, furloughed, reduced their hours or they've fallen ill due to contracting COVID-19. The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. A bill providing financial assistance to food pantries also got an extra $2 million through a Senate amendment. help rural residents, businesses and communities affected by the COVID-19 outbreak. The purpose of this program is to provide support to businesses as they face the impact of COVID-19. The United States Department of Agriculture provides a list of government programs that offer financial assistance for food. The Rural Theaters COVID-19 Support Initiative will provide $320-400,000 in financial assistance to remote theaters across Colorado, which constitute the heart of Main Street in so many rural communities. They may wish to then dedicate their entire EIDL funds towards working capital, notes payable and accounts payable that do not duplicate the funds provided through the Paycheck Protection Program. How to return EIDL Advance or EIDL loan funds? The U.S. Chamber has compiled CDC’s coronavirus recommendations for businesses and workers across the country. Yes, they should re-apply to the quick version of the EIDL. How does PPP work with EIDL Grants and Small Business Debt Relief Program? The Ford Foundation, Schmidt Futures, Open Society Foundations, The JPB Foundation, W.K. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, is designed to encourage Eligible Employers to keep employees on their payroll, despite experiencing economic hardship related to COVID-19, with an employee retention tax credit (Employee Retention Credit). Eligible applicants include musicians,... In-kind grants of free software licenses to USA, Canada, and International nonprofit organizations and charities to promote innovative solutions to manage the COVID-19/Coronavirus health crisis. Awards to USA K-12 educators, administrators, and school staff members to recognize outstanding efforts to positively impact the lives of students. During the coronavirus pandemic, you may qualify for additional help with food and bills. In addition, the navigator maintains a comprehensive database of federal, state and local regulatory and permitting requirements. The reduction must affect at least two out of all employees in the business, or a minimum of two employees in a certain unit. The Colorado SBDC Network is here to help businesses who have been affected by recent disasters in Colorado including response to the current health crisis. The deferment will NOT cancel any established. In this application, you must include: • Documentation verifying the number of employees on payroll and pay rates, including IRS payroll tax filings and State income, payroll and unemployment insurance filings. Website links include information on: In addition, the navigator maintains a comprehensive database of federal, state and local regulatory and permitting requirements. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief, EIDL Application Instruction Video for non-profits, EIDL Application Instruction Video for 1099, Instruction Video for Business Affiliates, Additional Restaurant Reopening Guideance, America's Small Business Development Center Guide for Re-Entry, Denver Metro Chamber of Commerce Plan for Re-Entry, Denver Metro Chamber of Commerce Webinar for Re-Entry, Salons/Spas/Sole Practitioners Guide for Safe Re-opening, Colorado Small Business Navigator & COVID-19 Small Business Hotline, Colorado SBDC COVID-19 Disaster Response Webinars, Small Business Emergency Response Roundtable Webinar, Colorado Department of Labor and Employment (CDLE), Colorado Department of Labor and Employment (CDLE) - Emergency Leave With Pay, Colorado Department of Public Health and Environment, Colorado Public Health & Executive Orders Explained, Colorado Office of Economic Development and International Trade, Business Interruption Insurance-Advocate for Yourself, Colorado Housing Financial Assistance Programs, Colorado COVID-19 Resources for Undocumented Communities, Centers for Disease Control and Prevention (CDC), U.S. Small Business Administration - Process for Accesses Relief Lending, CDC Environmental Cleaning and Disinfection Recommendations, U.S. Chamber of Commerce Coronavirus Response Toolkit, U.S. Customs and Border Protections Trade Updates, Export Import Bank of the United States Resources, Coronavirus and Forbearance Info for Students, Borrowers, and Parents, HR 6201 Families First Coronavirus Act - Overview Employer Paid Leave Requirements and Tax Credit Provisions, What You Should Know About the ADA, the Rehabilitation Act, and COVID-19, Rapid-Response Layoff-Transition Services, Families First Coronavirus Response Act: Questions and Answers, Form to Contact Colorado Unemployment Customer Service, U.S. Travel Association: Emergency Preparedness and Response: Coronavirus (COVID-19), Colorado Restaurant Association Angel Relief Fund, Craft Emergency Relief Fund (Artists' Emergency Resources, CBCA Resources to Support the Arts during Coronavirus, Additional CBCA Resources to Support the Arts during Coronavirius, 9 Options If Your Small Business Can't Pay Its Bill Due to Coronavirus, 10 Business Tips for Responding to COVID-19, Checklist for Managing in Times of Financial Difficulty, Deferments on SBA 7a, 504, and Microloans, Create Your New Financial Survival Scenario Now, Keeping Your Business Together in a Crisis Financial Health, Deferral of Employment Tax Deposits and Payments through 12/31/20, Recording of the latest Colorado Department of Agriculture town Hall, Food Security Task Force: Created to identify barriers that need to be removed or opportunities to activate to ensure food security across the supply chain, CSU Food systems: COVID -19 Research and Resources, Manejo del Cash Flow en Momentos de Crisis, Préstamos de Desastre del SBA ante el COVID-19, Asistencia de Desastre de la SBA en Respuesta al Coronavirus, Recursos de Preparación de Emergencia ante COVID-19 para Pequeños Negocios, Préstamo de Impacto Económico por Desastre Instrucciones para Completar la Solucitud, Will be repaid in full or in part by proceeds from the EIDL loan. 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