COVID-19 Grant, Loan, and Relief Opportunities
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.
Grants to USA and Puerto Rico individuals to address urgent needs. Funding is intended to support individuals who have experienced COVID-19 or other hardships or catastrophic events. Eligible applicants are bartenders or close family members of bartenders who have been impacted physically, financially, mentally, or emotionally.
In order to qualify for grant assistance from the Bartender Emergency Assistance Program, the recipient must satisfy all of the following requirements:
Be a Bartender or the spouse or child of a Bartender; Experience a catastrophic event or emergency hardship that is: Identifiable and described in detail in the application; Damaging to the person or property (e.g., loss of life, health, or property); Sudden and precipitous rather than gradual or progressive; Unexpected, unanticipated, unforeseen, unintended, or unplanned; and Unusual and not normally occurring in the ordinary course of day-to-day living. Lack the necessities of life, including financial, physical, mental, or emotional wellbeing as a result of the catastrophic event or emergency hardship. You do not need to be a USBG member to apply for a philanthropic grant.
If your organization is in need of emergency funding to mitigate the effects of COVID-19 in Colorado. Note: We understand many individuals and families have been affected by the outbreak already and more will continue to be affected. The Colorado Relief Fund is working to move resources to community-based organizations that are directly supporting local residents and families who are most affected by emerging health, economic, and social impacts of COVID-19.
While the Fund is not able to provide grants to individuals, we will be funding community-based organizations that have experience and history of providing people and families with services and support. As we begin to award grants, we will post them on our website.
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.
We know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19. We’ve heard that a little financial support can go a long way, so we are offering $100M in cash grants and ad credits to help during this challenging time.
Coronavirus (COVID-19) has created far-reaching economic and social impacts across Colorado and beyond. Coloradans who live daily without access to critical services and opportunities due to race and socioeconomic status are being especially hit hard and disproportionately affected. The Colorado COVID Relief Fund’s purpose is to raise and coordinate allocation of funds based on prevention, impact and recovery needs of community-based organizations in Colorado. This Fund is organized to ensure that the most acute community needs across the state are being addressed and that community voice is reflected in all funding decisions made over time. Through this Fund, eligible community-based organizations across Colorado may receive a general operating grant of up to $25,000.
The purpose of the James Beard Foundation Food and Beverage Industry Relief Fund (the “Fund”) is to provide critical financial assistance to small, independent restaurants that, due to the COVID-19 (Coronavirus) national disaster, have an immediate need for funds to pay set operating expenses and keep from going out of business. Our goal is to do our part along with federal, state, and local governments to provide for workers, sustain local business, reduce the financial impact on communities, and otherwise mitigate the severe economic consequences of this global pandemic. To qualify for funding, a restaurant must be (i) independently owned with 100 or less full- or part-time employees as of February 15, 2020, or (ii) a restaurant group in which each member restaurant has 100 or less full- or part-time employees on that date.
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.
- 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)
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