Business Resiliency

As developments continue to unfold in response to the spread of COVID-19, we know many small businesses have questions about implications in the workplace and funding options to help bolster their businesses during this difficult time. On this page, we are compiling relevant tips and resources on business resiliency.

Local government loan/grant programs
Colorado

First Southwest Community Fund

1st Southwest Community Fund - Emergency Loans Fund - Telluride Region

As part of the Telluride Regional Loan Fund, we have dedicated funds to offer Emergency Loans to start-ups or for-profit businesses in the following counties: Dolores, Montrose, Ouray, San Juan or San Miguel. LOANS CAN BE USED FOR: Working capital; Business continuity. LOAN TERMS: Loan amount: $5,000-$10,000; 3% interest rate with 7 year term;
$100 fee; No payments for first 180 days.

Audience: Small Business Owners, Self-employed

Low interest loans
Colorado

Eastern Colorado Small Business Loan Program

The Eastern Colorado Business Loan Program is an affordable, flexible and friendly loan program available to small businesses and nonprofits located in eastern Colorado counties who have been impacted by the COVID-19 pandemic and are interested in protecting jobs and investing / reinvesting in their communities. Different loan amounts are available under this program and all are repayable over 4 years at a fixed 3% interest rate, with no repayments of principal or interest due during the first six months of the loan.

Audience: Small Business Owners

Local government loan/grant programs, Low interest loans, Nonprofit loan/grant programs
Colorado

Clear Creek EDC

Region 3 CDBG Business Loan Program

The CCEDC administers the Region 3 Business Loan Program (BLF) for Clear Creek and Gilpin Counties. Since 1985, the CCEDC has provided over $8M in business loans, which has leveraged approximately $17.5M in area investments. The goal of the loan program is to support business retention and expansion and new job growth within Region 3. Loans are generally between $2,000 and $200,000 but will be considered on a case by case basis. CCEDC loans may be used for the purchase of real estate, furniture, fixtures, and equipment, working capital, and inventory.

Audience: Small Business Owners

Low interest loans, Nonprofit loan/grant programs
National

RCAC

RCAC Small Business Loans

RCAC is a 501(c)(3) nonprofit organization that provides training, technical and financial resources and advocacy so rural communities can achieve their goals and visions. RCAC’s Small Business Loan Program assists businesses to retain or create jobs and thus improve the economic condition of rural communities. This program offers short-term loans (up to $250k) for working capital and lines of credit as well as long-term loans for real estate and equipment.

Audience: Small Business Owners

Low interest loans, Nonprofit loan/grant programs
Colorado

Colorado Lending Source

Small Business Emergency Loans for Rural Colorado

Colorado Lending Source has made loan funds available specifically for businesses impacted by the COVID-19 pandemic and are located in rural Colorado. The intent of this program is to help small businesses survive and retain employees during these challenging times. Financing is available at a fixed interest rate over twenty-four months (two years) with no payments of principal and interest due during the first six months of the loan. Loan Details: $10,000 loans, 3.00% fixed interest rate, Two year terms, Payments deferred for six months.

Audience:

Nonprofit loan/grant programs
Colorado

Rural Women-Led Business Fund

Designed to give access to funding for women-led/female-identifying entrepreneurs, small business owners and nonprofits. Women-led and minority-led businesses have been particularly affected by COVID-19. With support from The Colorado Trust COVID-19 Response Fund, First Southwest Community Fund is offering loans of up to $10,000 to assist with business operating costs. Interest rate: 1%. Length of loan: Up to 5 years. No payments for first 180 days.

Audience: Small Business Owners, Non-profits

Local government loan/grant programs, Low interest loans
Colorado

Larimer and Weld Counties

Larimer/Weld Revolving Loan Fund

The Larimer/Weld Revolving Loan Fund was established to assist with the financial needs of companies expanding or locating to rural areas of Larimer and Weld counties. The program was originally funded through the state of Colorado Community Development Block Grant allocation from the U.S. Department of Housing and Urban Development. Since the program was started in 1991, the fund has loaned $13.1 million to a total of 77 companies. These loans leveraged more than $103 million in capital investment that enabled those companies to create or retain 1,708 full-time employees.

Audience: Small Business Owners

Nonprofit loan/grant programs
National

Restaurant Workers' Community Foundation Zero Interest Loans for Restaurants

The RWCF is in the process of working with our legal advisors to develop this area of work. In the coming weeks, we will produce a draft set of criteria for small businesses that can be applied fairly, and which align with our mission of supporting hospitality industry leaders committed to creating better working conditions across our four program areas: wage fairness and career ladders, gender equity and sexual violence, racial justice and support for the immigrant community, mental health and substance abuse.

Audience: Small Business Owners, Employees, Self-employed, Non-profits

Local government loan/grant programs, Low interest loans, Nonprofit loan/grant programs
Colorado

City of Boulder, Boulder SBDC, Boulder area financial institutions, and the Colorado Enterprise Fund

Boulder Microloan Program

The Boulder Microloan Program is a partnership between the City of Boulder, Boulder Small Business Development Center, Boulder area financial institutions, and the Colorado Enterprise Fund. The microloan program helps provide general working capital to qualifying small businesses and nonprofit organizations in the Boulder area that have the ability to repay a loan, but may not be able to obtain financing through traditional sources. The fund provides loans up to $50,000 to businesses and nonprofit organizations with annual gross revenues of less than $2 million.

Audience: Small Business Owners

Local government loan/grant programs, Low interest loans
Colorado

Greeley Colorado

Greeley Community Development Fund

The Greeley Community Development Fund assists with the financial needs of companies expanding in or locating to the City of Greeley. The Weld/Larimer Revolving Loan Fund, the City of Greeley, commercial banks in Greeley and the Hispanic Loan Program have joined together to provide the initial funding for this loan program. Short-term financing or loan guarantee for up to 45% of total project costs. Remaining project costs to be funded through banks, private investors or other loan programs. Minimum loan amount - $20,000. Maximum loan amount - $125,000. Maximum loan term - 5 years.

Audience: Small Business Owners

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