COVID-19 Business Resources
Our 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.
Safer At Home - Opening for Business Updates
Beginning April 27, 2020 the first level of business re-openings will begin. The Public Health Order 20-28 contains details on how individuals and businesses may operate during the Safer At Home period, including specific details based on type of business. The Colorado Department of Public Health & Environment Safer At Home webpage, Weld County, and the International Council of Shopping Centers have published additional resources for businesses regarding reopening and operations.
|Retail||Phased-in public opening with strict precautions; Curb-side service start April 27, in store starting May 1|
|Offices - starting May 4|
50% open, with strict precautions; Large workplaces advised to have symptom and temperature checks; Telecommuting maximized
|Elective Medical Services/Dental||Open, with strict precautions to ensure adequate PPE and ability to meet critical care needs|
|Restaurants||Starting May 27, in restaurant dining may begin with limitations on occupancy. The latest guidelines may be found here.|
|Childcare||Open, with strict precautions|
|Personal Services (salons, tattoo parlors, dog grooming, personal training, etc)||Open, with strict precautions starting May 1. For guidelines visit the Weld County Businesses & Worksites webpage.|
|Real Estate||Showings can begin, no open houses|
|Gyms, Studios||No more than 4 people, or 10 if outside. No date announced for more than 4 people.|
Weld County Health Department has additional materials for businesses, including printable signs businesses may post throughout their facilities and information in other languages.
The Office of Economic Development and International Trade in conjunction with Kroger has developed materials that businesses may use and customize with the business logo for preparing to reopen and bring back employees.
These resources are provided for general information purposes only and do not constitute legal or professional advice. No user should act on the basis of any material contained here without obtaining proper legal or other professional advice specific to their situation.
This information will be moved within the page as new information is released.
SBA Issues Application for PPP Forgiveness
The Small Business Administration has issued the application to request forgiveness of a portion of the PPP. Visit the SBA site for the application or download from here. For additional information on the PPP visit the SBA Paycheck Protection Program page.
Town of Firestone partners with the Carbon Valley Chamber of Commerce - Posting Business News and Resources
The Town of Firestone Economic Development staff is assisting the Carbon Valley Chamber of Commerce with business announcements and promoting of business resources on the Chamber Facebook page that benefits all businesses within the Carbon Valley area. The business environment is changing quickly, the fastest way to get news out to businesses is through social media. Business are encouraged to follow the Carbon Valley Chamber Facebook page.
Town of Firestone Assists with Marketing
Signage The Economic Development Office of the Town of Firestone is offering to assist businesses with temporary signage. If your business is in need of 8.5x11 or 11x17 size signage to promote your business to customers please contact Paula Mehle, Director of Economic Development at email@example.com or 303-531-6265 with a request. The Town developed signs recently for 3 Margaritas to post at their front parking stalls with the restaurant phone number for customers to call when they arrive for their take-out orders.
Support Local Businesses The Town is maintaining a list of Firestone brick and mortar business conditions with the name of the business, website or Facebook link, address, phone number along with hours open for business and any special operation conditions. For the list and more information visit the Support Local Business page.
Do you have a business outside of Firestone?
The combined economic development support agencies of Weld and Larimer counties have launched a COVID response website to serve all businesses within the two counties. Check out NoCo Recovers for programs and services for the region.
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.
Small Business Response Resources Website
The SBDC is maintaining the most up to date information on all the Federal programs, including common questions businesses have related to each of the programs offered by the SBA, Treasury Department, IRS, and Department of Labor. In addition, this SBDC site has connections to the variety of Statewide resources, employment topics and programs, and information specifically for manufacturer’s, restaurants, and artists. There is also great resources for bookkeeping, finances, and working remotely.
Contact the East Colorado SBDC directly at 970-351-4274 or email firstname.lastname@example.org for direct and personal business assistance. If you are an existing client of SBDC please reach to your adviser.
U.S. Small Business Administration (SBA)
SBA DISASTER ASSISTANCE RESPONSE
The U.S. Small Business Administration programs are evolving daily in response to the COVID-19 epidemic. The SBA website has been experiencing significant activity, if the site is down please try to access later, or between the hours of 7 pm to 7 am.
Various representatives from the SBA recommend filing for SBA programs as soon as possible. If approved you are not required to accept the program offer.
A comprehensive guide to the CARES Act has been developed by the U.S. Senate Committee on Small Business & Entrepreneurship.
Small businesses, eligible nonprofit organizations and individuals who are self-employed or are independent contractors, are eligible for the Paycheck Protection Program loan/grant. Eligible recipients may qualify for a loan up to $10 million determined by 8 weeks of prior average payroll plus and additional 25% of that amount; loan payments will be deferred for six months; if you maintain your workforce, SBA will forgive the portion of the loan proceeds that are used to cover the first 8 weeks of payroll and certain other expenses following loan origination. Click here for further details including quick program facts, qualified banks, and application.
The SBA Debt Relief program will provide immediate relief to small businesses with non-disaster SBA loans, in particular 7(a), 504, and microloans. Under it, SBA will cover all loan payments on these SBA loans, including principal, interest and fees, for six months. this relief will also be available to be new borrowers who take out loans within 6 months of the President signing the bill into law. For additional FAQ’s on this program check out the Small Business Response Resource Website hosted by the SBDC.
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; and will be repaid in full or in part by proceeds from the EIDL loan
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 SBA Express Bridge Loan (details below). Eligible entities may qualify for loans up to $2 million. A $10,000 advance on the loan* is available to help businesses as well. 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.
Click here for further details on this program as well as applications.
Additional business resources:
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.
U.S. Treasury Department
Employee Retention Credit
The Employee Retention Credit is a fully refundable tax credit for employers equal to 50 percent of qualified wages (including allocable qualified health plan expenses) that Eligible Employers pay their employees. This Employee Retention Credit applies to qualified wages paid after March 12, 2020, and before January 1, 2021. The maximum amount qualified wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for an Eligible Employer for qualified wages paid to any employee is $5,000.
State of Colorado
The State of Colorado has gathered resources to help businesses gain access to volunteers with a wide variety of experience across many industries (consulting, fundraising, graphic design, accounting, etc.) and can match your business to someone with experience relating to your unique needs.
Sales Tax Payments Deferred
The State of Colorado has deferred the date for sales tax returns to be submitted. The April 20, 2020 deadline has been extended to May 20, 2020. This includes the State sales tax and for municipalities that the State collects. It does not apply to self-collecting home rule taxing jurisdictions. Check out more at Sales Tax Deadline Extension. This applies to Firestone businesses and transactions.
The State of Colorado has identified which businesses are deemed critical during the Stay in Place order. Details on critical business restrictions may be found here. Additionally businesses concerned about employees being questioned about their travels to/from work or delivering may complete a Self Certification document.
An Executive Order has been issued in regards to limiting evictions, foreclosures, and public utility disconnections. If your business is facing eviction, reach out to the Colorado Department of Regulatory Agencies (DORA) for assistance.
The Colorado Department of Labor and Employment has a Layoff Assistance page that outlines programs and resources to help business owners make difficult decisions around laying off employees.
Free Child Care Program
Free Child Care is available to workers in the grocery, food processing, construction and health care industries. Tuition will be fully funded through May 17, 2020. For further details please click here.
Additional details on State programs is available from the Office of Economic Development and International Trade.
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.
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.
Additional Funding Programs and Tool
There are many organizations and agencies wanting to support our business community. As more programs are developed please visit the Additional COVID-19 Financial Programs page.
Additional Useful Business Resources
- The Carbon Valley Chamber of Commerce is a resource for business support programs as well as marketing of our Carbon Valley businesses, members and non-members alike. You are encouraged to check out the Carbon Valley Chamber of Commerce website and Facebook page for daily announcements, promotions and events.
- 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 email@example.com or call/text the help line at 720.647.3766. The site includes links regarding ability for manufactures to assist with PPE requests.
- The IRS has deferred the deadline to FILE and PAY federal income taxes to July 15, 2020. Check out the IRS Coronavirus Tax Relief page for updated details.
- 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.
- The Colorado Restaurant Association also has many resources for restaurants dealing with changes in regulations due to COVID-19 as well as hosts a program to assist restaurant employees suffering with COVID-19 through the Angel Relief Fund. Visit Angel Relief Fund to donate or apply for assistance.
- Check with your insurance provider for a disaster planning toolkit, losses of business income implications, worker compensation, and more
- The U.S. Chamber of Commerce has a Coronavirus Emergency Loans Guide and Checklist for Small Businesses and Nonprofits to help businesses understand if they are eligible for SBA programs, what lenders are looking for, how much may be borrowed and if a loan may be forgiven.
- Not all small businesses have an online-presence. Ebay is offering assistance and will waive selling fees for three months and allow up to 500 sales at no-cost. Check out Ebay’s "Up & Running" to assist your small business.
- Lew’s List in partnership with High Plains Advisors and Foundry Group have assembled a group of CFOs, Controllers, and other senior Finance professionals to help businesses survive. They are focused on the assessment and execution of strategies to extend/improve businesses cash flows. This may include navigating and accessing The CARES Act and the Families First Act programs. It may also require assistance with human capital and tax planning issues and/or the design and implementation of other business strategies where needed. For details and to request assistance please visit Covid-19 Finance Assistance Network. You will fill out a form and will be contacted within 24-48 hours.