Our building will be closed to the public beginning Monday, March 16 in order to keep participants, staff and visitors healthy and safe. During this time, Mi Casa and our partners will continue to provide support to our participants, via phone and online as best we can. We know our community is counting on us to support their professional, employment, and business needs, especially at this difficult time. Please know we are here for you.
We know there can be a lot of uncertainty and stress during these times, so have we been compiling a list of community resources. Please refer to these resources and don’t hesitate to reach out to anyone on our staff if you have questions. If there is a resource you need that is not covered on this list, please contact us and we will do our best to find information for you. This information is consistently changing, and we will update it as frequently as possible.
Updated: January 19, 2021
Funding Resources for Small Businesses
COVID-19 Funding Resources | A free, curated list of thousands of funding sources at the national, state, regional, and local levels designed to support small businesses in accessing capital to recover from COVID-19. The opening page captures programs that are available nationally. Visitors then only need to enter a ZIP code of interest to see which programs their area may be eligible. The information is current as of the date of publication, so resource availability may change over time.
Paycheck Protection Program | The federal Paycheck Protection Program will re-open the week of January 11. To promote widespread community access, initially only community financial institutions will be able to make PPP loans, on Monday, January 11 to first draw applicants and Wednesday, January 13 to second draw applicants. The program will open to all other participating lenders shortly after.
Click here to view a list of participating Colorado Community Development Financial Institutions.
We will continue to update you on the PPP application process for Round 2 funding for ALL restaurants and related businesses as we receive more information.
DOLA’s Small Business Relief Program
The City of Denver is seeking volunteers to support advancing the 5 Star Certification Program. PPP applications open next week. Apply for DOLA’s Small Business Relief Program. El Paso County has issued a sales tax rebate for July 2020 to February 2021. View the recording from today’s PPP webinar. Next week, the cities of Broomfield, Fort Collins, Golden, and Westminster are holding meetings that will impact their restaurants. And finally, view our 5 Star County Guide – updated to include which level 5 Star certified restaurants are currently allowed to operate in by county.
Please note: Information provided in the same emails is up-to-date when we send it, but just as this situation is rapidly evolving, so are the rules and legislation that we cover. We will continue to update you as things change, and you can always see the most recent information in our Coronavirus Resource Center and on our Covid-19 Reopening Resources page on our website.
$35.15 million was allocated to the Colorado Department of Local Affairs (DOLA) Small Business Relief Program for grants to eligible local governments to disburse to certain small businesses across Colorado struggling from COVID-19.
Eligible businesses need to:
- Be restaurants and bars, including distilleries, wineries and breweries, and caterers
- Be founded prior to March 26, 2020
- Have revenues under $2.5 million
- Be a corporation, limited liability company, partnership, or sole proprietorship in good standing with all licenses
- Have at least one employee unless they are a sole proprietorship
- Show a reduced revenue of at least 20% due to capacity restrictions from public health orders
Businesses will need to apply directly to their county, municipality, or council of government. DOLA anticipates that most local governments will have applications available in the early weeks of January.
Find a list of counties with open applications and applications links here.
Comcast RISE | If your business qualifies, you’ll have the opportunity to receive marketing consultations, media placements, commercial creative production services, or technology services from Effectv and Comcast Business. Beginning November 24, 2020, all BIPOC small business owners will be eligible to apply.
Adams County Restaurant Stability Program Grants | Adams County has developed a new Restaurant Stability Program to support local restaurants impacted by indoor dining capacity restrictions, funded by CARES Act dollars. The program offers a one-time $10,000 grant to businesses that can demonstrate substantial loss due to the reduction and eliminations of indoor dining.
Restaurants in Adams County can apply for a grant starting at noon on Wednesday, December 9.
The Gap Fund | The Energize Colorado Gap Fund will provide more than $25M in small business loans and grants to boost small business enterprises that are the economic engines throughout the state. Sole proprietors, businesses and nonprofits with less than 25 full-time employees can apply for up to a $15,000 grant and a $20,000 loan for a possible combined total of $35,000 in financial assistance.
Applications and awards will be done in rounds to allow us to provide assistance through December 2020. The process will not be first-come-first-serve, it will be a competitive process that will help those in need receive priority access to assistance.
Colorado Enterprise Fund | Microlender for 90 day interest loans
CEDS | Offering Resilience Loans, Call 303.569.8165
City of Thornton | Thornton Emergency Business Grants, administered by the Thornton Economic Development Office, are available to help fund THORNTON LICENSED BUSINESSES WITH COMMERCIAL LOCATIONS affected by COVID-19.
Kiva| Small Business 0% interest loans to entrepreneurs in the U.S.
CDLE Work Share Program | The Work-Share Program gives businesses an alternative to laying off your employees. It allows you to let your employees keep working, but with fewer hours. While they are working fewer hours, CDLE pays them part of their regular unemployment benefits.
Federal Coronavirus Tax Relief | Under the Families First Coronavirus Response Act, the U.S. Treasury Dept., IRS, and the U.S. Department of Labor announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. To take immediate advantage of the paid leave credits, businesses can retain and access funds that they would otherwise pay to the IRS in payroll taxes. If those amounts are not sufficient to cover the cost of paid leave, employers can seek an expedited advance from the IRS by submitting a streamlined claim form that will soon be released.
If you have a suggestion or would like someone to reach out to you, please email info@MiCasaResourceCenter.org