COVID-19 Business Resources

COVID-19

We recognize the businesses of Firestone work hard to provide quality goods and services to the community, and COVID continues to present challenges.  This webpage has been revised to provide recent program updates and information, while still providing links to regional and national resources.  If you are not able to locate the information you need, please contact a member of our team for assistance:  

Paula Mehle: 303-531-6265 or pmehle@firestoneco.gov

Michelle Magelssen at 303-531-6263 or mmagelssen@firestoneco.gov

New-Update

  

SEPTEMBER 2020

Weld County Recovery Program

Grant application deadline September 30, 2020!

The Town of Firestone is proud to partner with Weld County and other participating communities to provide the Weld County Business Recovery Program. The program is funded by a portion of Federal CARES Fund dollars from each participating community and is designed to aid businesses and other organizations that demonstrate financial stress or disrupted operations, due to the public health crisis, who are trying to reopen, stay open and/or modify their business operations or facilities to serve customers in a safe way. All Firestone businesses are encouraged to review the program guidelines, minimum qualifications, and FAQ to determine eligibility and apply.

Weld County Business Recovery Program grants will be provided on a reimbursement basis with appropriate documentation. Assistance is available based on a scale depending on the financial need and size of business, up to a maximum $25,000. Assistance applications close September 30, 2020, and it has not yet been determined if additional rounds of funding may be offered. Grant awards distributed by October 31, 2020.

PLEASE NOTE: Businesses that applied for previous federal and/or local Economic Relief Loans and/or Grant Programs may also apply for this program. However, grant funding for this program may not duplicate needs funded by other programs or grants received by the business/nonprofit. In addition, businesses can apply for a grant through both this program and the Energize Colorado Program, but not for the same expenses. For example, a business may apply for one grant program based on expenses for March through June, and apply for the other grant program based on expenses for July through September, or by some other division of expenses.


Gap Fund 2

Applications now available

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 assistance to be provided through December 2020. Please note, the program is not first come, first served but rather will prioritize underserved businesses' application. Priority will be given to applicants:

  • Who are majority-owned by Black, Indigenous, People of Color, Veterans, or Women
  • In rural areas with a population of less than 50,000 people
  • In the tourism sector
  • With limited or no access to capital financing or other federal, state or local grants/loans

For more information on this, please see the Frequently Asked Questions page, or watch this 1-hour webinar to understand who is eligible, the application timeline and process, the amount of funding available, what could disqualify applicants, help available, and what reporting requirements you will be asked to complete if you receive a grant or a loan.

SBA PPP - updated loan forgiveness Q&A and new interim rule

New guidelines continue to be rolled out regarding the PPP loan forgiveness process and how to calculate your company’s eligibility. It’s key to stay on top of any new rules and regulations, to make sure your paperwork is up-to-date when you submit for forgiveness. Businesses are encouraged to watch for updates on the SBA’s PPP webpage, and contact their PPP lender and/or accountant before submitting PPP loan forgiveness application.

The SBA began accepting PPP loan forgiveness applications early August. Since then, the PPP loan forgiveness Q&A was updated. In addition, the SBA issued an interim final rule August 24th: Business Loan Program Temporary Changes; Paycheck Protection Program – Treatment of Owners and Forgiveness of Certain Nonpayroll Costs. Another resource to consider is a webinar presented by the Small Business Development Center (SBDC) of Boulder. The webinar, Part 16 of the “Keeping Your Business Together in a Crisis” webinar series featured a PPP Loan Forgiveness Q&A, and presented guidance for businesses to help you determine what portion of your PPP loan is forgivable. Watch the presentation, or download the presentation slides.

Please note: The webinar pre-dates the updated Q&A and August 24th interim final rule.

ADDITIONAL RESOURCES

NOCORecovers_Logo_Smallnocosafetysupply-large-131x101

The combined economic development support agencies of Weld and Larimer counties have launched a COVID response website to serve all businesses within the two counties. Check out NoCo Recovers for programs and services for the region. NoCo Safety Supply was developed through NoCo Recovers is a resource exchange for PPE, cleaning, and safety supplies for businesses and the workplace in response to the increased demand from the COVID-19 pandemic.

State of CO white back

Safer At Home - Open for Business Updates

Guidelines for business operations under COVID are provided on a number of separate websites. This information has been consolidated on the Business Guidelines - Safer at Home webpage. The page bring together the regulatory and guideline materials from various sites within the State of Colorado webpages.

COVID-19 Business Resource Center 

The State of Colorado provides a list of resources that are available to support small businesses, nonprofits, freelancers, and independent contractors.  These include:  

Free Professional Services from volunteers with a wide variety of experience including: consulting, fundraising, graphic design, financial professionals, and legal assistance.  

Free Legal Advice in Colorado was created to match small businesses that need limited free legal advice regarding COVID-19 related issues with volunteer lawyers. If you are a small business that needs legal help, you can submit an application and volunteer lawyers will be asked if they are willing to assist you.

Call the Office of Economic Development and International Trade (OEDIT) Disaster Response Hotline at 303-860-5881 or email for assistance in connecting to various state departments and resources. 

A list of Alternative Sources of Funding is also available to help Colorado small businesses find alternative funding sources beyond EIDL, PPP and other federal loans and programs. 

Colorado_SBDC_LogoThe Colorado Small Business Development Center (SBDC), and specifically the East Colorado office, provide vital resources and guidance for small businesses.  Learn more on the SBDC COVID-19 Information page.

SBA-Logo-Stacked

The U.S. Small Business Administration offers a variety of Coronavirus Relief Options, including:   

•   The Paycheck Protection Program (PPP) is now closed and loan applications are no longer being accepted.  Applications are now being accepted for loan forgiveness. 

•    The Economic Injury Disaster Loan (EIDL) is also low-interest to provide economic relief to small businesses and non-profit organizations that are currently experiencing a temporary loss of revenue.  Application deadline is December 31, 2020.  

•    SBA Express Bridge Loans enable small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.

•    The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic though SBA Debt Relief.

•    SBA Guidance for Businesses and Employers addresses employee health measures and common issues small businesses may encounter such as: capital access, inventory and supply chain shortfalls, changing market demand, and emergency planning exercises for your organization.

Dept_of_TreasuryThe U.S. Treasury Department’s Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll.  The fully refundable tax credit for employers is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.  A brief overview of this program is provided in What You Need to Know.

CDC Logo

Guidance for Businesses and Workplaces is provided by the Centers for Disease Control and Prevention (CDC) on their website.  Information provided includes: guidance for businesses that are open, Ongoing Mitigation Strategy, Prevention and Support, COVID stakeholder calls and Communication Resources.