Colorado Department of Labor and Employment. The Families First Coronavirus Relief Act (FFCRA) requires certain employers to pay sick or family leave wages to employees who are unable to work or telework due to certain circumstances related to COVID-19. Borrowers may separately apply for and take out a PPP loan, but debt relief under this program will not apply to a PPP loan. The clock does not start again. Grants to USA investigators for eligible research addressing behavioral science. Brighton Water Assistance: The City also offers a general water assistance program for persons facing extended financial hardship. Grants to USA researchers for studies related to the impact of changing economies for less-skilled workers. The Centers for Disease Control and Prevention (CDC) will update this interim guidance as needed and as additional information becomes available. rural America. Along with the funds the borrower should submit the following information: At this time, there is no automatic receipt mechanism from the Denver Finance Center. If your business employs seasonal workers, you can opt to choose March 1, 2019 as your time period start date. The SBA will automatically pay the principal, interest, and fees of current 7(a) loans for a period of six months. Download "PPP Made Easy" graphics (shown below), Download list of Colorado participating lenders. Businesses interested in applying for assistance, or volunteers willing to help, can go to coloradocovidrelief.org. Applicants must submit an LOI prior to applying. 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. The primary program is Colorado Works, also known as TANF. The CERB has ended on December 2, 2020. Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. An overview of the implications of the CARES Act on small business. Grants to Colorado nonprofit arts organizations, state and local government agencies, institutions of higher education, Indian tribal governments, and individual artists in eligible locations for support during the Coronavirus (COVID-19) health crisis. Helping businesses statewide respond to the current health crisis, COVID-19 Small Business Response Resources, 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. • Certification from a representative of your business or organization that is authorized to certify that the documentation provided is true and that the amount that is being forgiven was used in accordance with the program’s guidelines for use. Grants to Colorado nonprofit organizations, schools, and government agencies in eligible areas to address critical needs resulting from the Coronavirus (COVID-19) health crisis. Colorado Crisis Services We provide free, confidential, professional and immediate support for any mental health, substance use or emotional concern, 24/7/365. 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. (You can unsubscribe anytime), 1600 Broadway, Suite 2500Denver, CO email@example.com, Colorado Office of Economic Development and International TradeA Division of the CO Governor’s Office – Jared Polis. Funding is intended to assist low-income families that normally rely on school meal programs to supplement their children's nutrition. What happens after the forgiveness period? Is it still eligible for an EIDL and a grant? 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. A bill providing financial assistance to food pantries also got an extra $2 million through a Senate amendment. If you are prepared to bring your workers back and have offered an individual work that was then turned down, please, The Small Business Navigator is the first point of contact for new and existing business owners with questions about federal, state and local licensing requirements. Find coronavirus financial support for your business Coronavirus (COVID‑19) support is available to employers and the self-employed, including sole traders and limited company directors. We are looking for volunteers and donations to help at-risk individuals across Colorado to get through the COVID-19 crisis. 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. The loans are not intended to replace lost sales or profits or for expansion. SBA will apply those payments normally as if there was no deferment. 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. The reduction must affect at least two out of all employees in the business, or a minimum of two employees in a certain unit. and current list of authorized businesses that are exempt. The same wages cannot be counted for both credits. Learn about the help you can get through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Refer to those sections for more information. Grants of up to $10,000 to USA nonprofit organizations, public schools, and libraries to support charitable causes. The amount of forgiveness of a PPP loan depends on the borrower’s payroll costs over an eight-week period; when does that eight-week period begin? Businesses directly affected by COVID-19 and have suffered or are likely to suffer substantial economic injury, Business must be independently owned and operated, Businesses that offer services directly related to the businesses in the declaration, Other businesses indirectly related the industry that are likely to be harmed by losses in their community (Example: Manufacturer of widgets may be eligible as well as the wholesaler and retailer of the product), Business that is not considered small under SBA guidelines, Lending and investment concerns (except for real estate investments held for rental), Loan packagers who derive more than 1/3 of their annual volume from the preparation of applications seeking financial assistance from the SBA. • If you took out an Economic Injury Disaster Loan (EIDL) between February 15, 2020 and June 30, 2020 and you want to refinance that loan into a PPP loan, you would add the outstanding loan amount to the payroll sum. 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