COVID-19 Business Resources

COVID-19Our business community works hard daily and the current COVID-19 environment makes it especially challenging.  Please find a variety of resources for businesses related specifically to today’s current conditions below.  

As more resources become available this page will be updated.  

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Colorado Small Business Development Center (SBDC)

The Colorado SBDC, and specifically the East Colorado office, is available to assist businesses. During this epidemic the SBDC is a vital resource to guidance and resources for small businesses. The East Colorado SBDC office will assist Firestone businesses through the various financial aid programs becoming available, including the SBA disaster relief programs. Visit the Small Business Response Resources website for specific resources related to the COVID-19 epidemic.

Contact the East Colorado SBDC directly at 970-351-4274 or email info@eastcoloradosbdc.com

U.S. Small Business Administration (SBA)

SSBABA DISASTER ASSISTANCE RESPONSE

Economic Injury Disaster Loan (EIDL)

The U.S. Small Business Administration (SBA) offers low-interest federal disaster loans to small businesses in designated areas suffering economic injury as a result of the Coronavirus. The SBA is encouraging businesses to complete the application for the U.S. SBA Disaster Loan while seeking other lines of credit from other sources, including the newly announced SBA Express Bridge Loan (details below). Eligible entities may qualify for loans up to $2 million. The interest rates for this disaster are 3.75% for small businesses and 2.75% for non-profit organizations with terms up to 30 years. Eligibility for these working capital loans are based on the size and type of business and its financial resources.

The SBA website is experiencing a significant amount of visits and at times is unavailable. The SBA is recommending that businesses access the site between the hours of 7 pm and 7 am, especially if trying to complete the online application for a business loan.  If you still have trouble accessing the website  or have questions you may call 1-800-659-2955 or (TTY) 1-800-877-8339. 

To assist you with preparing to complete the necessary online forms or to complete the forms in paper the Town of Firestone has obtained the required forms. You may fax the completed forms to 202-481-1505, email the completed forms to ela.doc@sba.gov or mail the completed forms to U.S. Small Business Administration Processing & Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155

For additional guidance please refer to SBA Disaster Loans application training presentation found here.

For Sole Proprietors: 

  • SBA Form 5C - Download, print loan application and complete.IRS Form 4506-T, Download, print form and complete or complete version online and print. Please see instructions.
  • IRS Form 4506-T - Download, print form and complete or complete version online and print.
  • IRS Form 4506-T Instructions

For All Other Businesses:

Non-Profits: 

  • SBA Form 5 - Download, print loan application and complete.
  • SBA Form 4506-T - Download, print form and complete or complete version online and print.
  • SBA Form 4506-T Instructions
    Be prepared to have organizations most recent tax return OR copy of the organization’s IRS tax-exempt certification and complete copies of the organization’s three most recent years "State of Activities" as well as a Schedule of Liabilities.

Additional business resources:

SBA Express Bridge Loans

Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan (EIDL), they may qualify for an SBA Express Disaster Bridge Loan.

Terms

  • Up to $25,000
  • Fast turnaround
  • Will be repaid in full or in part by proceeds from the EIDL loan

Find an Express Bridge Loan Lender via SBA’s Lender Match Tool  

The SBA Guidance for Businesses and Employers addresses employee health measures and common issues small businesses may encounter such as: capital access, inventory and supply chain shortfalls, changing market demand, and emergency planning exercises for your organization.

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State of Colorado

STATE OF EMERGENCY & HOURLY PAID SICK LEAVE

Under the executive authority of the state of emergency, the State of Colorado Department of Labor and Employment has been given the authority to require employers/businesses in the service and hospitality industries provide four (4) days of paid sick leave with those with flu-like symptoms who are being tested for coronavirus. This only applies to works in the service industries.  For details on the rules please visit the State of Colorado's "Colorado HELP" Rules sheet.

Additional resources for Workers and Employers from the Colorado Department of Labor and Employment

OEDIT Disaster Response Hotline 303-860-5881

Call with any questions you may have and you will be directed to the applicable resource. Open Monday - Friday 8 am - 5 pm

Sign up for emails from the Office of Economic Development and International Trade on announcements of business assistance programs as they are released. 
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Centers for Disease Control and Prevention (CDC)

The Interim Guidance for Businesses and Employers includes current information on COVID-19, recommended strategies for employers, outbreak planning considerations, and response planning for businesses with other additional resource links. 

CDC-Keeping the Workplace Safe offers additional material on how to protect business owners, employees, and customers.

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DisasterAssistance.gov

DisasterAssistance.gov provides disaster survivors with information, support, services, and a means to access and apply for disaster assistance through joint data-sharing efforts between federal, tribal, state, local, and private sector partners.

Moving Forward from DisasterAssistance.gov is a guide that includes information that can help your business after a disaster. Businesses may learn about financial assistance as well as other resources that can help a business recover. 

Additional Funding Programs and Tools

  • Help Colorado Now  - 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.
  • Facebook is offering $100 million in cash grants and credits through the Small Business Grants Program.
  • JPMorgan pledged a $50 million global philanthropic commitment to support communities and people hit hardest by this public health crisis, including $2 million to existing nonprofit partners and $8 million to assist small businesses.
  • Kabbage launched an online hub to help boost sales for U.S. small businesses impacted by COVID-19, inlcuding a system through which businesses can sell gift cards to consumers for use at a later date.
  • The James Beard Foundation is launching a fund that will be gathering support from corporate, foundation, and individual donors to provide micro-grants to independent food and beverage businesses in need.
  • MainVest, a crowdfunding platform, announced its new Main Street Initiative: a $2,000, zero-interest, 120 day loan for restaurants and other brick and mortars affected by the shutdown.
  • Kiva Loans is a nonproift organization that provides 0% interest loans to small businesses worldwide. They are expanding eligibility and the amount of loans provided during this crisis.
  • Opportunity Fund specializes in money lending to small businesses owned by women, immigrants, and people of color, is collaborating with investors and non-profits to put together coronavirus relief fund that will provide grants and low-interest rate loans.
  • El Pomar Assistance Fund announced the establishment of the Colorado Assistance Fund (CAF). CAF is a $1 million fund offering immediate aid to nonprofit organizations supporting Colorado communities, organizations and individuals affected by the outbreak of COVID-19. 

Additional Useful Business Resources

  • The Office of Economic Development and International Trade (OEDIT) has direct links to the variety of State programs and decisions affecting the business community. Have questions and need the answered now? Call the OEDIT COVID-19 HOTLINE (8:00 AM TO 5:00 PM): 303-860-5881
  • Employment Services of Weld County is available to assist employers and employees with job postings, training, and other services. 
  • The Manufacturer’s Edge COVID-19 Resources page is being updated daily to create as thorough of a list of contacts, press releases, announcements, tools, and resources for manufacturers. The agency is available to assist businesses individually via phone, text, or email. Please email info@manufacturersedge.com or call/text the help line at 720.647.3766. The site includes links regarding ability for manufactures to assist with PPE requests.
  • Employer’s Council Coronavirus (COVID-19) Guide offers employer information on human resources and other legal considerations. 
  • Review the Know Your Finances Checklist as it may help you secure your business’ financial well-being. The form will ask you if you have consider about a line of credit for your business? What are your procedures to accommodate a potential business disruption? 
  • Check out the Prevent Business Disruption page of DisasterSafety.org for forms to help you evaluate and prepare for a disaster.
  • The National Restaurant Association has many resources particularly for restaurants to address the Coronavirus event. 
  • Check with your insurance provider for a disaster planning toolkit, losses of business income implications, worker compensation, and more