- Colorado Office of Economic Development and International Trade (OEDIT): Tomorrow, applications open for $349B in forgivable payroll loans to help Colorado businesses meet payroll needs. Click here for a three-slide guide to the process: PREPARE, APPLY, COMPLY. The money is designated to be used for payroll, business rent, and business utilities. This program could help hundreds of thousands of businesses, but Coloradans must act quickly.
Visit choosecolorado.com for more information
Access the PPP application form here
Weekly webinars starting 4/3/20 – find your region here
- The CARES Act/Paycheck Protection Program:
Your Biggest Stimulus Loan Questions, Answered – Inc.com
- SBA Loans:
UPDATED information from the SBA (March 26) regarding the EIDL loans:
- They have launched a new website with added capacity: https://disasterloan.sba.gov/apply-for-disaster-loan/index.html
- They have added an email address if businesses would prefer to email their application (although they still recommend online application during non-peak hours of 7 pm – 7 am): email@example.com
- They have provided a list of docs for downloading, which helps in preparing docs and back-up prior to doing the actual application: available here
- The Small Business Owner’s Guide to the CARES Act – Created by the House Committee on Small Business
- NIST Funding Manufacturing Institutes to Support Pandemic Response
The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has opened a funding opportunity for rapid, high-impact projects that support the nation’s response to the COVID-19 pandemic. Using funds appropriated by the Coronavirus Aid, Relief, and Economic Security (CARES) Act signed by President Trump on March 27, 2020, NIST will award these grants through the NIST Manufacturing USA National Emergency Assistance Program with no requirements for cost matching.
- Colorado Lending Source has partnered with Kiva to create new 0% interest, 0 fee loans through the Kiva platform for US small businesses. Learn more by clicking here. If you have any specific questions, you can reach out to Rachael Sall (firstname.lastname@example.org), who is the Kiva Hub Capital Access Manager.
- COVID-19 SMALL BUSINESS EMERGENCY RELIEF PROGRAM
As small businesses experience economic impacts related to COVID-19, Denver Economic Development & Opportunity (DEDO), in partnership with Mile High United Way, is making available one-time business stabilization grants up to $7,500 for eligible small businesses. The program is currently focusing on businesses in industries primarily impacted, including retail (storefront), restaurant/food industry, personal care (barbershop, nail salon), healthcare & social assistance services (childcare & home health care providers), logistics and small manufacturing.
- The Downtown Denver Partnership has offered to lead additional fundraising efforts to match and multiple the $4 million in city resources. We ask you to connect with your networks to request support for the COVID-19 Business Relief Fund, here is a pledge form that can be communicated.