• Tools for Businesses

    **SMALL BUSINESS COVID-19 DISASTER RESPONSE HOTLINE: 303-860-5881**

     

    Sign Up for Business COVID-19 Email Updates Here

     

    Colorado COVID-19 Business Resource Center

    Business Preparedness and Continuity

    • SBDC Disaster Relief Program The Small Business Development Center is available for assistance with disaster loan applications, long-term planning, insurance navigation, physical and economic loss estimations, business preparedness and more.
    • Disaster Recovery and Continuity Guide A comprehensive guide to assist Colorado businesses in preparing for, responding to, and recovering from natural disasters and emergencies.

    Loans and Other Financial Resources

    Town of Breckenridge Small Business Rent Relief Program 

    The purpose of this program is to provide some immediate rent support for the Town’s entrepreneurial small businesses.

    SBA Economic Injury Disaster Loan (EIDL)

    Take the steps to business recovery today, using the SBDC guide to track financial loss and apply for SBA’s Economic Injury Disaster Loan (EIDL) program.

    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. Please consider tracking business losses as soon as possible (Business Recovery Guide page 27).

    • Economic Injury Disaster Loan Program: SBA Economic Injury Disaster Loan Assistance Program: Federal Disaster Loans for Businesses, Private Nonprofits, Homeowners, and Renters
    • Colorado Application – OPEN: Apply here 

      From the SBDC’s experience with the 2013 Northern Colorado flood, they recommend you gather key financial documents to be prepared for the application process:

      • Last three years of federal tax returns for your business.
      • Last three years of personal federal tax returns
      • A Personal Financial Statement
      • Articles of Incorporation
      • A Business Plan with Financial Projections might be helpful, but probably not required
    • Please see the TIPS FOR APPLYING document for more information including:
      • Loan Criteria
      • How Much You Can Borrow
      • How the Funds Can Be Used
      • What is Needed to Apply
      • How Soon Will the Money be Received
      • And More!

    SBA Express Bridge Loans

    Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

    Terms

    • Up to $25,000
    • Fast turnaround
    • Will be repaid in full or in part by proceeds from the EIDL loan

    Find an Express Bridge Loan Lender via SBA’s Lender Match Tool or by connecting with your local SBA District Office.

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