FUNDING OPTIONSCARES ACT Guide CLICK HEREThe Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses. This guide walks you through how to apply, how much should you apply for and answers a number of questions you might have.STEP 1: Register for the SBA Disaster Relief FundSTEP 2: Create your Business Emergency Kit. Even if you don't think you will need funding, go ahead and pull this together. The following information is needed for anyone that has 20% or more ownership in the business.This includes: 3 year personal tax return, 3 year business tax return, Personal Financial Statement, Business Debt Schedule (long term liabilities), Income Statement, Balance SheetSTEP 3: Call your banker NOW and start the conversation. The faster you get in, the faster you get ahead of the things.
See the below from the Small Business Development Center and make sure you are prepared and eligible for the SBA Economic Injury Disaster Loan:
How You Can Prepare for SBA Economic Injury Disaster LoansNEED IMMEDIATE FUNDING?First, because of your established relationships check with your current banker/ small business lending department to see what products are available. Chances are good that they either have, or will have a plan to help you through this. Your banker wants you to succeed to protect the bank, the community and your business.Next, the Economic Task Force is reaching out to local banks to find out what options are available. As information comes in we will update the website here.Citywide Banks - (email for details firstname.lastname@example.org )1. Launching a Pandemic Loan product in the next couple of days.2. Ready Reserve LOC and the turnaround time is a couple hours and is the best way to get money fast.3. Cash Rewards Credit Card which has a 0% interest rate for 12 months.ADDITIONAL FUNDING SOURCES:Click HERE for the USDA Rural Development actions to help residents and businesses.
RESOURCES to help get your questions answered:
The State of Colorado – OEDIT (Office of Economic Development and International Trade) has established a Small Business Navigator Hotline and Email. The Small Business Navigator hotline is available Monday through Friday from 8:00 a.m. to 5:00 p.m. MT. You can also email the Small Business Navigator team.
Hotline: (303) 860-5881 Email: email@example.com.
Also, you can sign up for COVID-19 email updates from OEDIT here: https://choosecolorado.com/covid19/ . They will email you whenever there is news to share, which could be daily or weekly depending on the situation. Please be sure to visit OEDIT's COVID-19 Business Resource Center, as that webpage has the most recent news and resources.
From the Small Business Development Center Network
Colorado SBDCs (Small Business Development Centers) are committed to providing the most up-to-date relevant information to help you and your business navigate the current potential hardships. The state SBDC Network has compiled many resources for your business on Disaster Preparedness and Continuity: https://pikespeaksbdc.org/what-we-do/programs/disaster-relief/. The site is updated frequently.
It is recommended you schedule a consultation appointment with the CO SBDC Network. You can find your local SBDC online at www.coloradosbdc.org/location. The SBDC is able to assist businesses with EIDL (Economic Injury Disaster Loan) applications and with additional small business resources and specialized disaster mitigation technical assistance.
NOTE – Businesses are highly encouraged to contact Colorado SBDC to be paired with a consultant who can direct them to applicable webinars or other items. They can find more information on that here: https://www.coloradosbdc.org/what-we-do/consulting/
The below are official sources on the current COVID-19 situation:
The Center for Disease Control and Prevention Coronavirus Updates
Updates from CDC on Reported Cases
CDC Coronavirus Summary
Colorado Department of Public Health and Environment Coronavirus Updates
Colorado Department of Public Health and Environment COVID-19 Testing
Updates from Jefferson County
Is it COVID-19 or something else?
Virtual Business and Work from Home
The Chamber has several members that are in the business of marketing, website design, email set up, social media assistance and technical services that you may find useful as you change your business model to virtual and online or if you need to begin working from home. Please reach out and see how they may be able to get you up and running or optimize your business model.
AlphaPixel Reach specializes in helping nonprofits and small to medium business reach their goals by reaching more potential clients. They achieve this through the use of a variety of media including websites, social media, eBlasts, newsletters and print media.
Mic Helms Business Development
Mic provides business coaching and services to help guide you in designing and implementing business operations that function properly and efficiently. This can include internet marketing, advertising, communications and messaging along with forecasting and budgeting.
Johnson Services and Companies, LLC
Johnson Services operates virtually so they certainly know how to help you transition to a virtual business. Providing business phone services (VOIP), custom business applications and cloud-based hosted business solutions.
Marketing Type Guys
Online marketing agency specializing in Website Design, Search Engine Optimization, PPC Advertising, Social Media Optimization, On-Line Reputation Management, & Social Media or Review Site Monitoring.
Image Marketing provides promotional advertising and marketing campaigns from beginning to end and any point in between, including graphic design, portable signs and banners and screen printed apparel. If you need help with a new marketing campaign give them a call.
Pine Design specializes in logo design, branding, business and marketing collateral and web design. They can help with just about any other visual service you can think of.
Rising Graphics and Printing
A full service printer providing design, offset printing, and digital photocopying services. If you need printing done to send out a mailing now that you've gone virtual, contact Rising Graphics.
Zuni Sign Company
Let the community know you are still open and have Zuni Sign make a banner or sign to bring attention to your business.
Up-to-date resources and information for small businesses responding to the current health crisis can be found on the Colorado SBDC's Disaster Preparedness and Continuity page.
Colorado Health Emergency Leave with Pay ("Colorado HELP") Rules
CDC Interim Guidance for Businesses and Employees
Business Disaster Planning from Department of Homeland Security
Tax Relief - information from the IRS
Stimulus Package InformationStimulus Package Info:
- CLICK HERE to learn about the Senate CARES bill small business provisions.
- CLICK HERE to learn about the Senate CARES bill tax provisions.
- CLICK HERE to learn about the Senate CARES bill health provisions.
- CLICK HERE to learn about the Senate CARES bill unemployment provisions.
- CLICK HERE to learn about the Senate CARES bill distressed industries provisions.
- Coronavirus Bulletin: Resources for Leading During the Crisis
Upcoming Online Classes:
How to Market Your Business NOW
Tuesdays and Thursdays at 3:00 pm
Mindy Hansen with AlphaPixel Reach will be hosting Zoom classes. Upcoming topics include:
Claiming and Updating your Business on Google
Communicating Through Newsletters
Register in advance - Click HERE for the registration link for the March 31 class. After registering you will receive a confirmation email containing information about joining the meeting.
Virtual Coffee Talk
Wednesdays and Fridays at 9:00 AM
Check in with the Chamber and join a mastermind group to learn what you can do TODAY to GROW your business and help the community during this pandemic. Mic Helms Business Development will be hosting this event along with the Chamber. Various experts will be joining each call. Grab your cup of coffee and join the conversation!
Click HERE for the link. No need to preregister.
Mondays at 12:30 pm
Join us for six weeks of Mindful Mondays beginning March 30th. Finding the Calm Amongst the Chaos. Get out of your own way, so you can do what you do best with 5-star impact. Now is the time to work on you and your business. Learn how to create a practice of being unstoppable.
Hosted by Janet Redford, LLC; Personal Performance Strategist & Profit First Professional.
Visit our Events Calendar to register for the dates you are interested in.
Executive Orders from County, State and Federal Agencies; News Releases
March 25, 2020 Colorado Dept of Health Public Order (Includes Critical Business information)
Click HERE for the full document
Below is an exerpt from the full document, relating to 'critical businesses':
C. Critical Business. Any business, including any for profit or non-profit,
regardless of its corporate structure, engaged in any of the commercial, manufacturing, or service
activities listed below, may continue to operate as normal. Critical Businesses must comply
with the guidance and directives for maintaining a clean and safe work environment issued by
the CDPHE and any applicable local health department. Critical Businesses must comply with
Social Distancing Requirements and all PHOs currently in effect to the greatest extent possible
and will be held accountable for doing so. Critical Businesses do NOT include health clubs as
defined in C.R.S. § 6-1-102(4.6), fitness and exercise gyms, and similar facilities, or any of the
other businesses required to close by PHO 20-22.
“Critical Business” means:
1. Healthcare Operations, Including:
● Hospitals, clinics, and walk-in health facilities
● Medical and dental care, including ambulatory providers
● Research and laboratory services
● Medical wholesale and distribution
● Home health care companies, workers and aides
● Pharmaceutical and biotechnology companies
● Behavioral health care providers
● Veterinary care and livestock services
● Nursing homes, residential health care, or congregate care facilities
Amended Public Health Order 20-24
● Medical supplies and equipment manufacturers and providers, including
durable medical equipment technicians and suppliers
● Blood banks
2. Critical Infrastructure, Including:
● Utilities and electricity, including generation, transmission, distribution
and fuel supply
● Road and railways
● Oil and gas extraction, production, refining, storage, transport and
● Public water and wastewater
● Telecommunications and data centers
● Transportation and infrastructure necessary to support critical businesses
● Hotels, and places of accommodation
● Businesses and organizations that provide food, shelter, social services,
and other necessities of life for economically disadvantaged, persons with
access and functional needs, or otherwise needy individuals
● Food and plant cultivation, including farming crops, livestock, food
processing and manufacturing, animal feed and feed products, rendering,
commodity sales, and any other work critical to the operation of any
component of the food supply chain
● Any business that produces products critical or incidental to the
construction or operation of the categories of products included in this
3. Critical Manufacturing, Including:
● Food processing, manufacturing agents, including all foods and beverages
● Computers and computer components
● Medical equipment, components used in any medical device, supplies or
● Sanitary products
● Household paper products
Amended Public Health Order 20-24
● Any business that produces products critical or incidental to the
processing, functioning, development, manufacture, packaging, or
delivery of any of the categories of products included in this subsection
● Any manufacturing necessary to support a Critical Business
4. Critical Retail, Including:
● Grocery stores including all food and beverage stores
● Farm and produce stands
● Gas stations and convenience stores
● Restaurants and bars (for take-out/delivery only as necessary under
Executive Order D 2020 011 and PHO 20-22, as amended)
● Marijuana dispensary (only for the sale of medical marijuana or curbside
delivery pursuant to Executive Order D 2020 011)
● Firearms stores
● Hardware, farm supply, and building material stores
● Establishments engaged in the retail sale of food and any other household
consumer products (such as cleaning and personal care products)
● Establishments engaged in the sale of products that support working from
5. Critical Services, Including:
● Trash, compost, and recycling collection, processing and disposal
● Mail and shipping services, and locations that offer P.O. boxes
● Self-serve laundromats and garment and linen cleaning services for critical
● Building cleaning and maintenance
● Child care services
● Automobile rental, auto supply and repair (including retail dealerships that
include repair and maintenance, but not retail sales)
● Warehouse/distribution and fulfillment, including freight distributors
● Funeral homes, crematoriums, and cemeteries
● In-person pastoral services for individuals who are in crisis or in need of
end of life services provided social distancing is observed to the greatest
● Storage for Critical Businesses
● Animal shelters, animal boarding services, animal rescues, zoological
facilities, animal sanctuaries, and other related facilities
Amended Public Health Order 20-24
6. News Media
● Other media services
7. Financial Institutions, Including:
● Banks and credit institutions
● Insurance, payroll, and accounting services
● Services related to financial markets
8. Providers of Basic Necessities to Economically Disadvantaged Populations,
● Homeless shelters and congregate care facilities
● Food banks
● Human services providers whose function includes the direct care of
patients in State-licensed or funded voluntary programs; the care,
protection, custody and oversight of individuals both in the community
and in State-licensed residential facilities; those operating community
shelters and other critical human services agencies providing direct care or
9. Construction, Including:
● Housing and housing for low-income and vulnerable people
● Skilled trades such as electricians, plumbers
● Other related firms and professionals for who provide services necessary
to maintain the safety, sanitation, and critical operation of residences, and
other essential services
● Defense, security, and intelligence-related operations supporting the State
of Colorado, local government, the U.S. Government or a contractor for
any of the foregoing
● Aerospace operations
Amended Public Health Order 20-24
● Military operations and personnel
● Defense suppliers
11. Critical Services Necessary to Maintain the Safety, Sanitation and
Critical Operations of Residences or Other Critical Businesses, Including:
● Law enforcement
● Fire prevention and response
● Building code enforcement
● Emergency management and response
● Building cleaners or janitors
● General maintenance whether employed by the entity directly or a vendor
● Automotive repair
● Snow removal
12. Vendors that Provide Critical Services or Products, Including Logistics
and Technology Support, Child Care and Services:
● Technology support for online and telephone services
● Child care programs and services
● Government owned or leased buildings
● Critical Government Functions
D. Critical Government Functions. The provision, operation and support of the
following government functions shall continue:
1. Critical services, including
● Public safety (police stations, fire and rescue stations, correctional
institutions, emergency vehicle and equipment storage, and, emergency
● Emergency response
● Judicial branch operations, including attorneys if necessary for ongoing
trials and required court appearances, unless appearances can be done
● Emergency medical (hospitals, ambulance service centers, urgent care
centers having emergency treatment functions, and non-ambulatory
surgical structures but excluding clinics, doctors offices, and non-urgent
care medical structures that do not provide these functions)
Amended Public Health Order 20-24
● Designated emergency shelters
● Communications (main hubs for telephone, broadcasting equipment for
cable systems, satellite dish systems, cellular systems, television, radio,
and other emergency warning systems, but excluding towers, poles, lines,
cables, and conduits)
● Public utility plant facilities for generation and distribution (hubs,
treatment plants, substations and pumping stations for water, power and
gas, but not including towers, poles, power lines, buried pipelines,
transmission lines, distribution lines, and service lines)
● Transportation. Airlines, taxis, transportation network providers (such as
Uber and Lyft), vehicle rental services, paratransit, and other private,
public, and commercial transportation and logistics providers necessary
for Necessary Activities
● Transportation infrastructure (aviation control towers, air traffic control
centers, and emergency equipment aircraft hangars), critical road
construction and maintenance
● Hazardous material safety
● Services to at-risk populations and Vulnerable Individuals
● Any government service required for the public health and safety,
government functionality, or vital to restoring normal services
E. Minimum Basic Operations. The minimum necessary activities to (1) maintain
the value of the business’s inventory, ensure security, process payroll and employee
benefits, or for related functions; or (2) facilitate employees of the business being able to
continue to work remotely from their Residences are allowable pursuant to this Order.
Any business supporting Minimum Basic Operations must comply at all times with
Social Distancing Requirements.
F. Social Distancing Requirements. To reduce the risk of disease transmission,
individuals shall maintain at least a six-foot distance from other individuals, wash hands
with soap and water for at least twenty seconds as frequently as possible or using hand
sanitizer, cover coughs or sneezes (into the sleeve or elbow, not hands), regularly clean
high-touch surfaces, and not shake hands.
G. “Stay at Home” means to stay in your place of Residence, which includes hotels,
motels, and shared rental facilities, and not leave unless necessary to provide, support,
perform, or operate Necessary Activities, Minimum Basic Operations, Critical
Government Functions, and Critical Businesses.
March 25, 2020 State of Colorado Stay at Home Order Effective 3/26/20
Click HERE for the full Executive Order
March 25, 2020 Jefferson County Public Health Stay at Home Order
Click HERE for the official Jefferson County Public Health Stay at Home order issued on 3/25/20. This order currently goes into effect at 8:00 am on March 26, 2020 and will continue until 5:00 pm on April 17, 2020 or until it is extended, rescinded, superseded or amended in writing by the Executive Director of JCPH.
March 22 State of Colorado Governor Polis Executive Order
Please click HERE for the executive order issued on 3/22/2020
March 19 Press Release from SBA regarding Disaster Assistance Loans
PRESS RELEASE - SBA to Provide Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)
Small Business Administration (SBA) sent this bulletin at 03/19/2020 04:10 PM EDT
Colorado District Office - March 19, 2020
SBA Offers Disaster Assistance to Colorado Small Businesses Economically Impacted by the Coronavirus (COVID-19)
DENVER – The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Colorado small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today.
SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, to declare a disaster following a request received from Gov. Jared Polis on March 17, 2020.
The disaster declaration makes SBA assistance available in all 64 Colorado counties.
“SBA is strongly committed to providing the most effective and customer-focused response possible to assist Colorado small businesses with federal disaster loans. We will be swift in our efforts to help these small businesses recover from the financial impacts of the Coronavirus (COVID-19),” said Administrator Carranza.
SBA Customer Service Representatives will be available to answer questions about SBA’s Economic Injury Disaster Loan program and explain the application process. Small businesses, private non-profit organizations of any size, small agricultural cooperatives and small aquaculture enterprises that have been financially impacted as a direct result of the Coronavirus (COVID-19) since Jan. 31, 2020, may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.
“Small businesses are the fabric of our economy and their success is dependent on the ability to freely market products and services to communities across the state and world,” said SBA Regional Administrator Dan Nordberg. “Local small businesses are bearing the brunt of that impact and facing a severe decline in customer traffic. SBA’s top priority is to assist businesses adversely impacted by the Coronavirus (COVID-19) and our Economic Injury Disaster Loans can be the working capital lifelines they need to weather this difficult time.”
These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing.
Eligibility for Economic Injury Disaster Loans is based on the financial impact of the Coronavirus (COVID-19). The interest rate is 3.75 percent for small businesses. The interest rate for private non-profit organizations is 2.75 percent. SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years and are available to entities without the financial ability to offset the adverse impact without hardship.
“We are all concerned about the pressures our small businesses are facing in light of the Coronavirus outbreak. The SBA Colorado District Office stands ready to assist our small business owners by providing the assistance needed to confront this challenge,” said SBA Colorado District Director Frances Padilla. “I appreciate the tremendous support our agency is receiving from the state, our resource partners, local elected officials, chambers of commerce, and community leaders. This collaboration will continue for as long as critical resources are necessary.”
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email firstname.lastname@example.org for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The deadline to apply for an Economic Injury Disaster Loan is Dec. 17, 2020.
For more information about Coronavirus, please visit: Coronavirus.gov.
For more information about available SBA resources and services, please visit: SBA.gov/coronavirus.
(Dan Nordberg serves as the SBA’s Region VIII Administrator and is based in Denver. He oversees the agency’s programs and services in Colorado, Montana, Utah, North Dakota, South Dakota, and Wyoming)
(Frances Padilla serves as the SBA’s Colorado District Director based in Denver. She oversees the agency’s programs and services in the state)
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
March 18, 2020 Colorado Department of Public Health & Environment Press Release
State health department pursues strategic approach to testing in face of widespread COVID-19 transmission in Colorado
DENVER, March 18, 2020: The Colorado Department of Public Health and Environment (CDPHE) is pursuing a strategic approach to testing in the state to steward our state and country’s scarce resources in the face of widespread community transmission of COVID-19 in Colorado. CDPHE is sending testing resources to specific communities that have not yet had testing that will yield vital information about how the disease is spreading. There is unprecedented collaboration between state government, local government, and the private sector to increase testing capacity over the next few weeks. However, CDPHE is strongly advising the public: If you have symptoms (fever, cough, and shortness of breath), don’t wait for a test to self-isolate.
The State is expanding testing to include a temporary site in Pueblo on Thursday, March 19. The Colorado National Guard and Pueblo Department of Public Health and Environment are supporting these efforts. CDPHE also plans to send testing resources to other locations later this week. CDPHE is prioritizing testing in areas that have not been highly tested to better understand where the disease is occurring and respond. These sites will serve high-risk patients who have been pre-selected by area health care providers. They will not accept walk-up or drive-up patients.
“We are prioritizing testing in certain areas in order to better understand where and how much transmission is occurring,” said Rachel Herlihy, State Epidemiologist. “It’s critical that we are gathering data in all areas of the state, especially areas where there hasn’t been a lot of testing.”
The state health department is also strongly advising that if you have mild symptoms, stay home and avoid contact with others. Call your health care provider only if your illness becomes more severe, especially if you are experiencing shortness of breath. If you have a medical emergency, call 911 and tell the dispatcher your symptoms. People who are not at high risk of severe illness may not need to be evaluated in person or tested for COVID-19. Not everyone with symptoms will be tested right away.
As state epidemiologists keep a close eye on this rapidly changing situation, recommendations will change. At the beginning of any public health outbreak, it’s important to test and confirm individual cases. This information helps public health responders confirm when and where transmission is happening in a community. However, once community spread becomes more evident, public health moves away from diagnosing the illness in individuals and toward identifying community outbreaks.
Continue to stay up to date by visiting covid19.colorado.gov.
March 17, 2020 Governor Polis Press Release
For Immediate Release
Tuesday, March 17, 2020
Conor Cahill | Conor.Cahill@state.co.us | 303-866-6324
Gov. Polis Pushes for Federal Funding for Small Businesses
DENVER - Governor Jared Polis sent a letter to the Small Business Administration (SBA) for federal funding in order to provide relief for Colorado’s small businesses dealing with the impacts of COVID-19 (coronavirus). The Governor and the Polis administration are proactively working with Colorado’s federal delegation to ensure Colorado has the resources available to address this pandemic.
“Colorado’s small businesses are the lifeblood of our communities and are woven into the fabric of our way of life. As a person who came to government from the private sector, I understand the challenges and hurdles entrepreneurs and small business owners face. We will get through this together and I urge the federal government to quickly approve our loan application so we can provide relief to the state’s small business community during this global pandemic,” said Governor Polis.
In addition to Colorado’s application for SBA loans, the Colorado Office of Economic Development and International Trade has engaged its local, state and federal partners to identify other financial and technical assistance programs available to aid Colorado’s economic recovery. More information regarding economic and technical assistance can be found here.
“I respectfully request that the Administrator of the U.S. Small Business Administration (SBA) implement a Small Business Administrative declaration to provide assistance in the form of SBA Economic Injury Disaster Loans for Alamosa, Baca, Denver, Eagle, El Paso, Gunnison, Jefferson, Larimer, La Plata, Las Animas, Lincoln, Logan, Pueblo, Rio Grande, Routt, San Miguel Counties as a result of the Coronavirus (COVID-19). In addition, the Southern Ute Tribal Nation and Ute Mountain Ute Tribal Nation have similarly been impacted and on their behalf, I respectfully request assistance for our Tribal partners,” the letter reads.
Read Governor Polis’ letter to the Trump administration here. The Governor spoke with Colorado’s federal delegation today about the efforts to slow the spread of COVID-19, help those who have lost or are losing their jobs and small businesses.