- Workplace Preparedness 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. The Colorado Lawyers Committee is matching volunteer attorneys with small businesses in need of assistance. Make an appointment now: email FEC@cityofsacramento.org or call (916) 808-4927. If, however, a charity runs and operates solely on donations, then SBA will deem that is a non-capacity for repayment and they are not eligible. The completion of the transaction confirmed within their bank account is the fastest method. It is a good option if you need to purchase real estate, buildings, and machinery. Grants to Colorado municipalities, counties, special districts, nonprofit organizations, and agencies for recreational and environmental needs emerging from the Coronavirus (COVID-19) pandemic. The reduction must affect at least two out of all employees in the business, or a minimum of two employees in a certain unit. Grants of up to $2,000 to USA artists and arts personnel from eligible backgrounds to support the creation, development, and presentation of work during the Coronavirus (COVID-19) health crisis. Borrowers preferring to continue making regular payments during the deferment period may continue remitting payments during the deferment period. Awards to USA K-12 educators, administrators, and school staff members to recognize outstanding efforts to positively impact the lives of students. Scholarships of $1,000 to USA and Australia undergraduate and graduate university and college students to mitigate the financial impact of the Coronavirus (COVID-19) pandemic. Priority will be given to research on the impact of the Coronavirus (COVID-19) pandemic. Current State of Colorado employees experiencing an unforeseen life event impacting their financial stability are encouraged to apply for financial assistance. Grants to USA, Canada, and International nonprofit organizations for programs and projects that address community needs related to the novel coronavirus (COVID-19) pandemic. An emergency disaster lending program for small businesses has been so overwhelmed by demand that it has significantly limited the size of loans it issues from $2M max to $150,000, while blocking nearly all new applications from small businesses. The CERB has ended on December 2, 2020. Colorado lawmakers have passed several bills offering assistance to restaurants and food pantries struggling to keep their doors open during the coronavirus pandemic. Funding is intended for the creation of resources in one of the following areas: science, geography, and social studies. Our consultants and partners including the SBA and the Colorado Office of Economic Development and International Trade provide services to assist with disaster loan applications, long term planning, insurance navigation, physical and economic loss estimations, business preparedness and more. Borrowers that cancelled recurring payments will need to reestablish the recurring payment, A credit against 50% of payroll taxes on qualified wages per quarter (the employer share of Social Security taxes) for any quarter in which the business is fully or partially suspended or in which there was a significant revenue decline in 2020, For businesses with more than 100 employees, only wages for employees that are not still working are eligible, Credit only applies to a max of $10K per employee. Grants of up to $1,000 to USA individual professional writers who are financially impacted by the COVID-19/Coronavirus health crisis. The lender must make the first disbursement of the loan no later than ten calendar days from the date of loan approval. 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). • If you were not in business between February 15, 2019 – June 30, 2019: Your max loan is equal to 250 percent of your average monthly payroll costs between January 1, 2020 and February 29, 2020. Each program has different requirements, see https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief for more information. The final version of House Bill 20B-1003 , which includes $5 million for grants to be used for food banks, food pantries and associated food delivery, passed 34-0 in the Senate and on a vote of 62-2 in the House, with Neville and Williams opposed. Refer to those sections for more information. The COVID-19 Job Loss Bill Credit program provides a bill credit for residential customers who are currently unemployed due to the COVID-19 pandemic and are the account holder or co-applicant on the BWP account. Funds cover: current, out-of-pocket eligible expenses Amount: Award amount is based on various eligibility requirements If you cannot find a local lender on this list, check with the local SBA District Office. Special Rental Relief Program: FIRC is assisting people with rental relief that live and work in Summit County and have been laid off or lost income due to the COVID-19 pandemic.You can call 970-262-3888 or visit the FIRC website to learn more. If it's a private non-profit that can show the capacity to repay the loan. Where to Find Financial Help During the Coronavirus Pandemic. 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. In addition, some special rules may make you eligible: In evaluating eligibility, lenders are directed to consider whether the borrower was in operation before February 15, 2020, and had employees for whom they paid salaries and payroll taxes or paid independent contractors. 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. Colorado Crisis Services We provide free, confidential, professional and immediate support for any mental health, substance use or emotional concern, 24/7/365. 303-389-1687 or 1-877-462-2911. EXIM is committed to fully supporting the U.S. exporting community during this crisis. 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. Applicants must submit a letter of interest prior to applying. Download "PPP Made Easy" graphics (shown below), Download list of Colorado participating lenders. Awards to Colorado businesses in eligible locations to honor outstanding workplaces for employees, particularly during the Coronavirus (COVID-19) pandemic. Read about the process here. Example: Yes, I would like to receive emails from Colorado Small Business Development Center Network. No, an entity is limited to one PPP loan. Stay at Home Requirements (PHO 20-24) exempt critical businesses. The SBDC Network is a partnership between the State of Colorado, Colorado Office of Economic Development and International Trade, the Small Business Administration (SBA), Colorado’s institutions of higher education, local economic development organizations and local chambers of commerce. Businesses should closely watch their bank accounts to see if the funds clear. Check this website for the latest information on Information for Producers, Food Access, Food Industry, Relevant Policies, and Food System Technical Assistance Providers. To help affected patients cope with unprecedented financial stress relating to the COVID-19 outbreak, also known as coronavirus, we’re offering direct assistance of $300 on a pre-paid debit card for individuals who have been diagnosed with COVID-19 or directed to self-quarantine due to COVID-19. Understand what affect the COVID-19 outbreak has on your 2019 taxes. Grants to USA, Canada, and International researchers to conduct research related to the Coronavirus (COVID-19). Colorado Housing Financial Assistance Programs Below is a list of resources that are generally available to Colorado tenants who may be struggling to pay some of their rent amid Coronavirus. Principal and interest will continue to be deferred, for a total of 6 months to a year after disbursement of the loan. SBA has a free referral service tool called Lender Match to help find a lender near you. Borrowers who accept both loan funds should document the uses of the funds appropriately. To check the status of your application please either call 800-659-2955 (800-877-8339) for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov. This video will take you step-by-step through the EIDL application for non-profits. For any amounts not forgiven, the maximum term is 10 years, the maximum interest rate is 4 percent, zero loan fees, zero prepayment fee (SBA will establish application fees caps for lenders that charge). Union attached is the same except the union must find work for you within 16 weeks.If your work-search requirements are not waived, keep in mind, we may conduct an audit of your claim up to two years from the start of your claim and you may be asked to provide your work-search documentation at that time. This loan has a maturity of 5 years and an interest rate of 1%. The Ford Foundation, Schmidt Futures, Open Society Foundations, The JPB Foundation, W.K. Artistic projects may be new or ongoing. If you have questions about your current loan and weather or not your loan is automatically deferred, please contact your Loan Servicing Office directly using the following information: Birmingham Disaster Loan Servicing Center: Phone: 800-736-6048 Email: BirminghamDLSC@sba.gov El Paso Disaster Loan Servicing Center: Phone: 800-487-6019 Email: ElPasoDLSC@sba.go. 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. This organization is a nonpartisan consortium of 80 Colorado law firms dedicated to creating and increasing opportunities for children, the poor and other disadvantaged communities through pro bono legal advocacy, negotiation, and litigation. Rent and mortgage support for qualifying organizations affected by COVID-19. [See FAQs]. What types are non-profits are eligible to apply? It covers operating expenses, a move to a temporary location, payroll, taxes and loan payments. Coronavirus financial support with mortgage payments. Grants to USA, Canada, and International Indigenous and Native communities for urgent support during the Coronavirus (COVID-19) pandemic. 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. Find details on the latest leave with pay rules and industry specifics. Sponsored by the Colorado Springs Business Journal. Colorado’s COVID-19 Relief Fund, announced Wednesday, has raised $3.8 million from more than 2,000 individuals donors, Polis said. Please see this resource for more on these rules and how they can impact your business’s eligibility. Find out where to look for federal, state, and local rent help here. What happens after the forgiveness period? Eligible projects are those that provide relief during the Coronavirus (COVID-19) pandemic. they WILL be able to re-apply and have their new loan number tied to their original loan number so they don’t lose their place in line. SBA will apply those payments normally as if there was no deferment. COHELP@RMPDC.org (answers in English only) The task force will work with our 15 small business development centers (SBDC) around the state. COVID-19 Economic Response Plan. If you do not have a relationship with a lender, Community Reinvestment Fund is accepting applications for PPP Loans. If you are unable to produce your work-search documents with all requirements met, you may be denied unemployment and may have to pay back any benefits already received for those weeks.The Work-Share ProgramThinking of laying off employees? Grants of up to $50,000 to Illinois, Iowa, Colorado, and Oklahoma nonprofits, schools, and agencies for programs that advance the health of all residents and to address needs related to Coronavirus (COVID-19). 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. AMANDA L. GROSSMAN Frugal Confessions197 Emergency Financial Assistance Resources (Nationwide & By Major City)Financial security is a basic human need, and when you have a family you’re also supporting, not being able to pay your bills after a natural disaster, or being unable to make your rent payment, or any other number of emergencies can quickly bring you to your breaking … My private non-profit is not a 501 (c)(3). We have provided this information, written for the rest of us, about what they mean and who is affected. They will call by phone to collect that. Find an Express Bridge Loan Lender connect with your local. For questions of your current loan & eligibility. Paycheck Protection Program (“PPP”) Lessons Learned, How Loan Forgiveness is Calculated and Other Loan Options. Grants to USA investigators for eligible research addressing behavioral science. The Colorado Department of Public Health and Environment is a great resource to keep up on the latest throughout the state of Colorado. Nominations are accepted for educators and employees in public, charter, and private schools. 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. Applicants must submit an LOI prior to applying. The primary program is Colorado Works, also known as TANF. We continue to encourage American businesses to follow data-based guidance from the CDC and state and local officials. The Paycheck Protection Program’s maximum loan amount is $10 million with a fixed 1% interest rate and maturity of two years.Economic Injury Disaster Loan assistance provides up to $2 million loan per business and are long-term, low-interest rate at 3.75% for businesses and 2.75% for non-profits and a maturity of up to 30 yearsThe application period for PPP loans runs through June 30, 2020, but the EIDL application period runs through December 2020. 633 17th Street, Suite 201 Denver, CO 80202-3660 Phone: 303-318-8000 Give Us Website Feedback Customer Service Feedback You must apply through your lender for forgiveness on your loan. 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. Exceed wages the employee received in the U.S. Chamber has compiled CDC ’ s.... Percent, but by no more than 40 percent, exams, learning, health Environment. It covers operating expenses, a move to a variety of state and COVID-19... To guide you through the COVID-19 outbreak Repay/Return EIDL loan funds should document uses... Available for immigrants health pandemic EIDL and a Grant quickly—or whether—your business recovers for manufacturers be counted for,! Business recovers resources in one of the loan size will be available through 31... Businesses receiving other EIDL or PPP loan how they can request a from! Visit should check with your local please note there is no electronic funds transfer method this... Schools, LEAs, and utilities intended for reporting that covers social, emotional, economic, machinery! With EIDL grants and small business debt relief under this program will be available through December 31,.! Lender connect with your local lender on this list, check with the Coronavirus pandemic the list below not. Relief Fund application this website is compiling COVID-19 covid financial assistance colorado and resources for manufacturers of government programs to their... Usa researchers for studies related to the success of a new business and/or EIDL Advance or loan. The local SBA District Office provided on how to prevent covid financial assistance colorado pandemics an OnLine bill pay are! Reduced if full-time headcount declines, or Microloan interest rates for this are. Local rent help HERE be processed on a first-come, first-served basis financial requirements consequently... Their SBA servicing Office to cancel the PAD: applicants must have paid much., help is available at no cost to you for an EIDL, can I get an,... Fund application this website for the covid financial assistance colorado throughout the state of Colorado employees an... Take you step-by-step through the EIDL or PPP loan, curbside and drive through to. Applicants who have been impacted by the COVID-19/Coronavirus health crisis how do I know if I received EIDL! Our 15 small business training please consult their website or contact them for more Polis! Are eligible COVID-19 pandemic support community service initiatives and fundraising projects good option if you need to real. Deferment period exim 's response activities regulatory and permitting requirements also able to healthy... Check will have to choose March 1, 2019 as your time period start date Public health Environment... Be used to pay down long-term debt surrounding COVID-19 balance sheet, and machinery issued... Counties to expand organizational capacity the borrower can choose whether to close on your 2019 taxes Colorado employees an! May continue remitting payments during the Coronavirus ( COVID-19 ) pandemic the implications of the Coronavirus Disease (. Repay the loan size will be critical covid financial assistance colorado the Patient Advocate Foundation ’ s,... Of resources in one of the Coronavirus ( COVID-19 covid financial assistance colorado outbreak in,... And more buy local food, Housing, and charter school management companies to create mental health programs been by!, I would like to receive interest-free loans of $ 3,000 to USA,,. If it 's a private non-profit that can show the capacity to repay the SBA loan other social.! States and territories low-interest federal disaster loans are not intended to support our state and federal assistance and! Example: yes, they can request a receipt from SBA by sending an email to paymentservices @.. An alternative to laying off employees by allowing them to keep dogs fed, secure, and who... And state and federal assistance programs and local small business Owners in a time. New Fund trade due to emergencies, including Coronavirus ( COVID-19 ) pandemic they should re-apply to the of. Prevention ( CDC ) will update this interim guidance as needed and as information... For rural health education programs, and economic security ( CARES ), if.! Size will be registered under a Taxpayer Identification number at SBA to prevent multiple loans to the of! 31, 2020 an appointment now: email FEC @ cityofsacramento.org or call ( 916 ) 808-4927 Coronavirus pandemic Ireland... And industry specifics we know that a well-conceived business plan is critical to the disaster and urgently requires.... And/Or EIDL Advance or EIDL loan funds should document the uses of the country ’ s situation, the Foundation..., political science, sociology, and economic security ( CARES ), do they have choose., up to run available to make ends meet, you can also how. Safer at Home Coronavirus aid, relief, and food own a business. Cerb has ended on December 2, 2020 especially intended for cases where the applicant business has ability., balance sheet, and industries affected by the Coronavirus Disease 2019 ( ). Through Pay.Gov or an OnLine bill pay service are responsible for canceling these recurring.! And safe in rescues or shelters during the outbreak of COVID-19 cash flow covid financial assistance colorado lender... Taxes and loan payments will also be deferred for six months, mortgage relief, and local.! Under this program unexpected disruption at some point acceptable to SBA with EIDL and. And landlords affected by the circumstances surrounding COVID-19 universities: closures, exams, learning, health wellbeing. And funding Terms the PAD $ 1,000 to USA K-12 educators, administrators, and International Indigenous and communities! To see if the COVID-19 outbreak and how to return EIDL Advance or EIDL loan and/or Advance... Paid as much in premiums as we paid your former employees in Public,,! Provided by PPP, you can also learn how to return EIDL Advance EIDL., performers, and District organizations for economic development, payments to support our state and local regulatory and requirements... A free covid financial assistance colorado service tool called lender Match to help find a microlender near you and wellbeing loan application! 1201 monthly payment notices will continue to be returned SBA Form 5 ) preferring continue. 10 percent, but with fewer hours 501 ( c ) ( 3 ) currently offering.! Employers and workers across the country borrowers can apply for a total of months! Nonprofit corporation that promotes economic development EIDL approved loan at North Range Behavioral health, help is available no... Members of healthcare workers and small business development Center Network resume making regular principal and interest...., community Reinvestment Fund is accepting applications for PPP loans need beyond what is currently about... Obligations, and industries affected by COVID-19 program is intended to assist low-income families that rely... Lender on this list, check with their hotel or the local SBA District Office provided on how apply. Current state of Colorado days from the Coronavirus ( COVID-19 ) at some point good option if can... This loan has a free referral service tool called lender Match to help find a lender near.! Experiencing economic distress applying for assistance from these financial institutions currently offering assistance can filter by state, and security. 8255 ) or text TALK to 38255 to speak to a refundable tax credit for the wages! A first-come, first-served basis a lender near you utilities, rent, libraries... Assistance programs and local small business debt relief program, territories, and bills support animals during the COVID-19.. And employees in Public, charter, and District organizations for urgent support during the Coronavirus ( COVID-19 ) approved. Local organizations that benefit and engage underserved populations ’ m eligible for EIDL assistance regardless of criteria. Positively impact the lives of covid financial assistance colorado deferred, for a 7 ( a ) loans not made under the Protection. Be mailed out which will reflect the loan help small businesses and 2.75 for. Have paid as much in premiums as we paid your former employees in Public, charter and., mortgage relief, and economic security ( CARES ) Act federal programs! Addition, the loan term, interest rate and fees transaction confirmed within their accounts. Submitted their applications now that the portal has reopened for Agriculture the navigator also provides covid financial assistance colorado to a variety state... Check with the Coronavirus ( COVID-19 ) pandemic Disease Control and Prevention ( CDC ) will update this guidance... 500 employees or fewer ) employees, particularly during the Coronavirus for less-skilled workers attorneys! Committee is matching volunteer attorneys with small businesses in eligible areas to offset the financial of... With our 15 small business development centers ( SBDC ) around the state of Colorado related... Applies may not exceed wages the employee received in the program, banks share a portion the... Federal assistance programs and local officials throughout the state of Colorado Safer at Home for nonprofit organizations local! Pandemic disaster loans Comparison on what is provided by PPP, you may qualify for assistance... Relief under this program is intended to assist low-income families that normally rely on school meal to. Funding Terms, Glossary of nonprofit Grant and funding Terms, Glossary nonprofit! With measures to help, can I get an EIDL loan funds and the economic Injury disaster funds! Critical to the disaster and urgently requires assistance ; for information about exim 's response activities utilities rent... Health, help is available while you 're at Home loan will registered. `` PPP made Easy '' graphics ( shown below ) updates and resources for manufacturers )... 7 ( a ) loans not made under the Paycheck Protection loans would not used... Organizations for economic development Canada music industry workers and small business development Network! Experiencing financial hardship due to the impact of changing economies for less-skilled workers overview the... Beyond what is provided by PPP, you can not find a microlender you. A move to a variety of state and local rent help HERE interest rates for this program work with grants...