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.

Low interest loans, Nonprofit loan/grant programs
Colorado

Grand Junction Business Incubator

COVID-19 Responder Loans

The Grand Junction Business Incubator is providing funds for working capital, equipment and/or inventory to be used to directly support companies responding to the COVID-19 crisis. Loan amount up to $25,000. Repayment term: 12-60 months repayment based on ability to repay. Rate: prime +1% floating with a 4% flow. $250 flat fee. First payment waived for up to 90 days. Secured if collateral is available; personal guarantees required.

Audience:

Local government loan/grant programs, State loan/grant programs
Colorado

Northwest Colorado Council of Governments

Northwest Loan Fund

The Northwest Loan Fund (NLF) offers business loans that will bring value to the local economy in the 9 Northwest counties we serve: Eagle, Garfield, Grand, Jackson, Moffat, Pitkin, Rio Blanco, Routt, and Summit. We are particularly interested new or growing businesses. We look for a mix of collateral, investment percentage, what the loan will be used for along with overall business sustainability. We can take a collateral position behind other lenders to encourage other lender involvement.

Audience: Small Business Owners

Local government loan/grant programs, Nonprofit loan/grant programs
Colorado

Southeast Colorado Enterprise Development, Inc.

SECED BLF Facade Loan Program

Funds for: affixed signage, window lettering, store-front awnings, new windows, new entry door, exterior painting, other exterior improvements. Possible maximum loan amount of $5,000. 0% Interest for maximum of 3 years. Before and after picture to be submitted. Copies of receipts to be submitted after work is completed.

Audience: Small Business Owners

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

Southeast Colorado Enterprise Development, Inc.

SECED Business Loan Fund & Micro Loan

The BLF is an alternative (gap) financing method designed to help finance business projects that will positively impact the economic health of the communities within Baca, Bent, Crowley, Kiowa, Otero and Prowers counties. Individuals who meet eligibility requirements may apply.

Audience: Small Business Owners

Local government loan/grant programs
Colorado

Morgan County EDC

Reopen Safe, Reopen Strong grant program

The Reopen Safe, Reopen Strong grant program is intended to assist businesses that have been negatively impacted by COVID19. Funds for the grant program were provided by the Coronavirus Relief Fund as part of the CARES Act.

Audience: Small Business Owners

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

Pikes Peak Regional Development Corporation

El Paso County Business Loan Fund

The El Paso County Business Loan Fund Program is a source of capital for expanding businesses within El Paso County. Providing lower cost financing helps pave the way for small business owners to expand their businesses. The Business Loan Fund Program typically involves a private lender who may not otherwise provide complete financing. The public / private partnership can help smaller businesses finance their expansion, resulting in new employment opportunities.

Audience: Small Business Owners

Low interest loans, Nonprofit loan/grant programs
Colorado

First Southwest Community Fund

First Southwest Community Fund COVID-19 Rapid Response and Recovery Fund

In partnership with ZOMA Foundation, Catena Foundation, and Gates Family Foundation, nonprofit First Southwest Community Fund (FSWCF) is establishing a $3 million COVID-19 Rapid Response & Recovery Loan Fund to offer affordable loans to rural businesses and nonprofits affected by the COVID-19 crisis, with the goal to protect jobs and invest in our communities in the short, medium and long-term.

Audience: Small Business Owners

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

Clear Creek EDC

Region 3 Micro-Enterprise Program

The CCEDC administers a Micro-Enterprise Loan Fund for small businesses with capital needs of less than $100,000. Funding for technical assistance is also available to develop solid business skills and improve the chance for success moving forward.

Audience: Small Business Owners

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

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

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