COVID-19 Grant, Loan, and Relief Opportunities
*NEW Cañon City CARES Act COVID-19 Grant Fund
The application has been closed and we are reviewing applications.
*NEW Outdoor Heater and Capacity Sustainability Grants
Industry Advisory Group Application
Please consider joining an IAG for your industry! If interested in joining, please complete this application. Selection will depend on the number of people interested and the size of the industry groups.
Fremont County Public Health Orders and Variances - Dec 4, 2020
For more information please contact FCDPHE at 719-276-7450 or the Fremont County Information Hotline at 719-276-7421.
State guidance to employers and places of public accommodation regarding equal opportunity employment and reasonable accommodations due to the presence of covid-19.
What Are We Doing?
The City is working diligently to provide up to date opportunities for assistance to small businesses and displaced workers during the current COVID-19 situation. We will post these opportunities as they arise. Please reach out to the City’s Grant Writer - Brandi Fowler (email Brandi or call: 719.276.5295) for any additional information or help in submitting any of these options. The City does not guarantee funding. The opportunities are from outside agencies and you will be redirected to an external site. We will update as new opportunities arise.
The Adolph and Esther Gottlieb Emergency Grant program is intended to provide interim financial assistance to qualified painters, printmakers, and sculptors whose needs are the result of an unforeseen, catastrophic incident, and who lack the resources to meet that situation. Each grant is given as one-time assistance for a specific emergency, examples of which are fire, flood, or emergency medical need. The maximum amount of this grant is $15,000; an award of $5,000 is typical.
Applicants should be aware that this is a grant program, and that each application is considered on its merits within the criteria of the program. While we attempt to provide assistance to as many applicants as we can, the filing of an application is not, nor should it be perceived as, a guarantee of funding.
Eligibility: To be eligible for this program, an artist must be able to demonstrate a minimum involvement of ten years in a mature phase of his or her work. Artists must work in the disciplines of painting, sculpture or printmaking. Each application will be reviewed by the Directors, who will exercise their discretion in considering it, and will determine the amount of each award. Applicants should note there is a set amount appropriated for these grants each fiscal year; once this budgetary limit has been reached, the Foundation will not be able to judge any additional requests on their merits.
This Google sheet helps Colorado’s small businesses find alternative funding sources beyond EIDL, PPP, and other federal loans and programs. OEDIT will be updating this sheet regularly and are aware that resources can change on a day-to-day basis. If you come across any resources that are no longer active, please email us at firstname.lastname@example.org.
Beauty Changes Lives is providing $1000 relief grants to beauty professionals with the help of CND™ and the Horst M. Rechelbacher Foundation. Both brands are repurposing funds originally intended for scholarships to instead go to benefits for licensed and aspiring beauty professionals who’ve been financially affected by the coronavirus pandemic.
The Colorado Outdoor Winter Dining Grant Program assists Colorado-based restaurants that are experiencing financial hardship because of the Covid-19 crisis and state and local regulations limiting the number of customers in indoor spaces. Recipients must use the grant funds to purchase items needed to maintain outdoor dining spaces for patrons during colder weather.
The FSWCF COVID-19 Rapid Response & Recovery Loan Fund has been established to offer affordable loans to rural Colorado businesses and nonprofits affected by the COVID-19 crisis, with the goal to protect jobs and invest in our communities in the short, medium and long-term. See press release and flyer for more information.
- Small businesses ($37 million)
- Arts and cultural organizations ($7.5 million)
- Minority-owned businesses ($4 million)
It also provides state assistance to support a one-year suspension of health inspection and liquor licensing fees. All small businesses with annual receipts of less than $2.5 million in calendar year 2019 are eligible for relief through the program.
Counties that are under severe capacity restrictions as determined by a public health order and that are in compliance with the order must develop a process to accept applications from small businesses for relief funding. DOLA is required to allocate funding to counties based on the population of the eligible local governments. Both DOLA and participating local governments can be compensated for administrative costs associated with overseeing the program.
Grants from the fund will be distributed to 501(c)(3) nonprofit organizations or government entities supporting access to appropriate healthcare and meeting basic human needs such as food access, rent and utilities assistance, and emergency services for individuals and communities impacted by the virus.
Energize Colorado lists a variety of loans, grants, and other financial relief for your business or nonprofit.
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. The application will go live in early August.
The HartBeat of Main Street Grant Program will fund solutions that help small business owners respond and adapt to the COVID-19 pandemic, and also help to revitalize and strengthen older and historic downtown commercial districts. Grants of $5,000 to $15,000 will be awarded on a competitive and first-come, first-served basis. A minimum of 50 percent of grants will benefit diverse-owned businesses, as defined by the Small Business Administration as minority, woman, veteran, disabled, and/or LGBTQ-owned. This grant is open for small businesses and non-profits with 20 or fewer employees that have been in operation since Jan. 1, 2019. The applicant’s business has a “brick-and-mortar” location and operates in an older or historic main street, downtown or commercial district in the U.S.
Kiva lenders have shown their commitment to providing financial assistance to all by making 0% interest loans to entrepreneurs in the U.S. on Kiva.org for the last 10 years. In today’s difficult circumstances, we’d like to make it as easy and impactful as possible for small businesses in the U.S. to have access to affordable capital on the Kiva platform—capital that may be the difference between shutting down and keeping their doors open.
Grants of $20,000 to small business owners to help meet their most immediate needs. Eligible expenses include:
- Paying rent and utilities
- Meeting payroll
- Paying outstanding debt to vendors
- Upgrading technology infrastructure
- Other immediate operational costs
- Loan Limits: $1,000 to $20,000
- Interest Rate:
- Option 1: 0% for a term of 6 months
- Option 2: 2% term of up to 2 years
- Term: 6 months to 2 years
- Loan Fee: 3%; 2% origination, 1% loan loss reserve to the CHFA CCR Program
- Eligible Uses: Working capital only
- Eligible Borrowers:
- Option 1: micro-enterprises that are low-income or will retain low-income jobs
- Option 2: small businesses that will retain low-income jobs
- Repayment: Begins at 60 days
- Credit: Principal business owner(s) must have reasonable and responsible personal credit history and an acceptable explanation for any derogatory marks. Bankruptcies and debt write-offs must be at least 12 months old
- Cash Flow: Businesses must show that historical profits were sufficient to service the requested debt and have been impacted by the COVID-19 outbreak
- Location: Primary business operation located in Pueblo, Fremont, Huerfano, and Custer counties will be given priority
- Microloan Use of Funds: Must be for reasonable and eligible working capital expenses
- Microloan Requirement: Job retention
- Collateral: Evaluated on a case-by-case basis
- Required Guarantors: All business owners who hold 20% or more ownership must guarantee the loan
- Application Fees: $25 for an individual, $50 co-borrower (waived for 90 days – July 1, 2020)
Professional Beauty Association (PBA) and PBA Charities have created a new fund to help our industry during this unprecedented crisis. The PBA COVID-19 Relief Fund will provide $500 to licensed beauty professionals who are unable to work due to COVID-19. The funding, if awarded to you, is intended to be emergency aid for short-term immediate needs such as food and bills.
Restaurant Workers Community Foundation is partnering with Southern Smoke Foundation to distribute their direct assistance funds. Southern Smoke is a nonprofit 501c3 crisis relief foundation based out of Houston that exists to do just that.
The Advance portion is UP TO $10,000. The amount will be determined on a case by case bases by the SBA.
The Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses. If all employees are kept on payroll for eight weeks, SBA will forgive the portion of the loans used for payroll, rent, mortgage interest, or utilities. Up to 100 percent of the loan is forgivable. Payroll Protection Application and Guide
Loans to USA small businesses in multiple states and counties for financial assistance during the COVID-19 coronavirus pandemic. Funding is intended to provide relief from revenue losses during this crisis. Loans may be used towards any expenses that cannot be paid, including accounts payable, fixed debts, payroll, and other bills.
The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). (2.75% for non-profits/3.75% for profit)
SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
The Small Business Administration (“SBA” or the “Agency”) provides direct loan assistance to small businesses located in communities impacted by Presidentially-declared disasters and disasters declared by SBA under its own authority. As originally announced, the EBL Pilot Program authorizes SBA Express Lenders to provide expedited SBA-guaranteed bridge loan financing on an emergency basis in amounts up to $25,000 for disaster-related purposes to small businesses located in communities affected by Presidentially-declared disasters while those small businesses apply for and await long-term financing (including through SBA’s direct Disaster Loan Program, if eligible).
Child Care Info
The state has taken courageous efforts to help slow the spread of COVID-19 and “flatten the curve” by closing bars, restaurants, ski resorts and gyms. Our hope is that these necessary precautions will give our health care workers, including critical support staff, and emergency first responders enough time and capacity to build the infrastructure we need to contain the virus. However, we know that approximately 80,000 of those emergency workers have young children and without child care many of them will not be able to return to the jobs that are most crucial to containing the spread of the virus.
It is for that reason that Governor Polis called together a group of early childhood providers, advocacy groups, school districts and foundations to partner with the Colorado Department of Human Services (CDHS) and the Office of Early Childhood (OEC) to establish a system of emergency child care for our most essential workers.
Who is covered?: The emergency program is meant to target and serve the children of the employees who are most essential to containing and treating the virus and protecting our most vulnerable populations.
Accessing Federal Funds
As you consider applying for the different federal funding sources available for Colorado businesses, the following information can help you make the best choices for your situation:
- Federal funds carry program-specific restrictions and it’s important to know and protect your options. Review each program thoroughly. Your approval and acceptance of a loan from one federal program may cause you to be fully or partially ineligible for other sources of federal funding.
- Different federal funding such as loans and grants from multiple agencies will roll out at different times, so it’s important to consider the timing of the funding source.
- Federal economic disaster recovery loans are accessible right now for qualified businesses; however, no federal economic disaster recovery grants have been announced. Unfortunately, for businesses seeking immediate help, there is no way to predict which future federal tools – including grants – may be employed as COVID continues to impact the US economy. This can place businesses in the challenging position of weighing an immediate federal tool against the possibility of future programs that may or may not be offered, with requirements yet to be determined.
We are committed to sharing news of all new economic recovery resources (both state and federal) as they become available and are here to be your guide through this challenging time.
Filing and Payment Deadline Extended to July 15, 2020 - Updated Statement
March 21, 2020
The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns has been extended from April 15 to July 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible. For those who can’t file by the July 15, 2020 deadline, the IRS reminds individual taxpayers that everyone is eligible to request an extension to file their return.
This filing and payment relief includes
The 2019 income tax filing and payment deadlines for all taxpayers who file and pay their Federal income taxes on April 15, 2020, are automatically extended until July 15, 2020. This relief applies to all individual returns, trusts, and corporations. This relief is automatic, taxpayers do not need to file any additional forms or call the IRS to qualify.
This relief also includes estimated tax payments for tax year 2020 that are due on April 15, 2020.
Penalties and interest will begin to accrue on any remaining unpaid balances as of July 16, 2020. You will automatically avoid interest and penalties on the taxes paid by July 15.
Individual taxpayers who need additional time to file beyond the July 15 deadline can request a filing extension by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses who need additional time must file Form 7004.
State Tax Returns
This relief only applies to federal income returns and tax (including tax on self-employment income) payments otherwise due April 15, 2020, not state tax payments or deposits or payments of any other type of federal tax. Taxpayers also will need to file income tax returns in 42 states plus the District of Columbia. State filing and payment deadlines vary and are not always the same as the federal filing deadline. The IRS urges taxpayers to check with their state tax agencies for those details. More information is available at https://www.taxadmin.org/state-tax-agencies.
COVID-19 Business Resource Center
Updated daily, with real-world funding, resources, and support for small business owners adapting to the impacts of coronavirus.
Downtown Colorado Inc.
DCI is a statewide nonprofit organization that provides a strategic methodology for revitalizing the local economy in Colorado’s communities.
SoCo Business Recovery
Southwest Colorado Business Recovery Group. This group aims to help people locate and understand information being released about aid programs and grants.
Support Local/How to support a business for free
Free templates and printable resources
For the latest on COID-19 in Colorado please visit choosecolorado.com/covid19
Or call the help line dedicated to small business 303-860-5881 for all state and federal resources and how to apply
Best way to file for unemployment is colorado.gov
To find work please visit connectingcolorado.com
List of free resources for Coloradoans staying at home stayathomeco.colorado.gov
The Salvation Army Rent & Mortgage, Food and Utility Assistance