Cleaning of visibly dirty surfaces followed by disinfection is a best practice measure for prevention of COVID-19 and other viral respiratory illnesses in community settings. If you are job attached, your work-search requirements may be waived, but you must be available to return to work during this time frame. From financial aid compliance to leasing arrangements and business liability, small businesses across our state face complex challenges and most small businesses need legal resources and expertise to make informed decisions. The reduction must affect at least two out of all employees in the business, or a minimum of two employees in a certain unit. If you receive calls, emails, or other communications claiming to be from the Treasury Department and offering COVID-19 related grants or stimulus payments in exchange for personal financial information, or an advance fee, tax, or charge of any kind, including the purchase of gift cards, please do not respond. … 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. The clock does not start again. No, an entity is limited to one PPP loan. “SB20B-001 allocated $35.15 million to specifically our division of local government to provide small businesses in Colorado relief,” said … Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease. The State of Colorado has allotted $37 million for direct relief payments to small businesses located in an eligible county that is subject to, and in compliance with, severe capacity restrictions pursuant to public health orders. Governor Jared Polis signed into law Senate Bill 20B-001 on Monday, Dec. 7, 2020. The subject of the email should be EIDL Advance Confirmation and the email must contain: Several entities are starting grant programs to specifically assist businesses being affected by COVID-19. Grants up to $7,000 are available for certain El Paso County small businesses considered to be especially hard-hit by the COVID-19 pandemic. We just received word that EIDL applicants with 2000 series app numbers should reactivate their applications now that the portal has reopened for Agriculture. Debt Relief Options for Small Businesses Affected by Coronavirus (COVID-19) Small businesses are feeling the effects of the novel coronavirus pandemic, also called COVID-19. However, the Paycheck Protection Program loan funds and the Economic Injury Disaster Loan funds cannot be used for the same purpose. Visit this website for the latest information for employers and workers. Refer to those sections for more information. 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. To check whether your business is considered small, you will need your business’s 6-digit North American Industry Classification System (NAICS) code and 3-year average annual revenue. Complete copy, including all schedules, of the most recent Federal income tax return for principals, general partners or managing members, and affiliates (see filing requirements for more information), If the most recent Federal income tax return has not been filed, a year-end profit-and-loss statement and balance sheet for that tax year, A current year-to-date profit-and-loss statement, Additional Filing Requirements (SBA Form 1368) providing monthly sales figures (This is especially important for Economic Injury Disaster Loans), Small businesses that submit complete loan packages could receive the money within three (3) weeks, Incomplete information and verification of collateral will delay the approval process, Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at, Paper loan applications can be downloaded from, Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339) for the deaf and hard-of-hearing) or by sending an email to, To check the status of your application, please visit this. For questions of your current loan & eligibility. Many hotels are providing room service. Every business will face an unexpected disruption at some point. Click the load more button to see all videos. are not eligible for EIDL assistance regardless of 1/3 criteria above. Eligibility: The applicant business must be physically located in a declared county and suffered working capital losses due to the declared disaster, not due to a downturn in the economy or other reasons. A barbershop owner sued Colorado Gov. The Colorado Office of Economic Development and International Trade (OEDIT) has put together a list of over 100 different funding options for small businesses. For more information, visit Kiva’s website. All Are Welcome complied a list of available resources to undocumented communities. Which SBA loans are eligible for debt relief under this program? If your Economic Injury Disaster Loan was not used for payroll costs, it does not affect your eligibility for a Paycheck Protection Program loan. Neither the government nor lenders will charge small businesses any fees. State of Colorado COVID-19 Resource Page . Depending on your business’s situation, the loan size will be calculated in different ways (see below). Funding is intended for applicants in eligible industries that have been heavily impacted by the pandemic. Education . By assisting small businesses, the task force hopes to indirectly support the more than 400,000 Coloradans who have filed for unemployment due to the pandemic. Boulder County Small Business Grant Program. Pikes Peak Small Business COVID-19 Relief Program. The Colorado Lawyers Committee is matching volunteer attorneys with small businesses in need of assistance. The 504 Loan Program provides loans of up to $5.5 million to approved small businesses with longterm, fixed-rate financing used to acquire fixed assets for expansion or modernization. Please consult their website or contact them for more information.Governor Polis has restricted Colorado restaurants and bars from providing dine-in service through April 15. If you have working capital need beyond what is provided by PPP, you can apply for additional assistance through the EIDL program. (You can unsubscribe anytime), 1600 Broadway, Suite 2500Denver, CO 80202303-892-3840info@coloradosbdc.org, Colorado Office of Economic Development and International TradeA Division of the CO Governor’s Office – Jared Polis. If you wish to begin preparing your application, you can download a sample form to see the information that will be requested from you. The SBA will automatically pay the principal, interest, and fees of current 7(a) loans for a period of six months. 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