Colorado has been approved for Federal SBA Disaster Loans
We are here to support Colorado businesses in their time of need. Contact us today for a free review call to see how we can help you find funding to save your business.
Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19).
The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Interest rates will be 3.75% for small businesses and 2.75% for non-profit organizations. Loan amounts and terms will be decided by the Small Business Administration.
Denver Small Business Emergency Relief
This program offers cash grants of up to $7,500 to businesses in industries particularly hard-hit by the coronavirus.
Who’s eligible: Small businesses that have lost the ability to operate, including restaurants, retail shops, barbershops and nail salons.
How to apply: Grants will be distributed monthly, and the first applications will be due March 31.