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Eligible Small Businesses in the Town of Firestone Can Apply for a Relief Payment

The Small Business Relief (SBR) Program is a State of Colorado program created during the recent legislative Special Session under Senate Bill 20B-001. The program makes $37 million available to small businesses in the restaurant, bar, fitness and recreational sports, and movie theatre industries that have suffered at least a 20% reduction in profits during the pandemic.  

The Town of Firestone received funding approval for this program! The legislation created a short window of opportunity for the program. To ensure eligible Firestone businesses have every opportunity to apply before the program closes, SBR applications are now being accepted. Eligible businesses MUST apply before the close of business on February 2, 2021. 

All qualified businesses that submit an accurate and complete application will receive a relief payment. Award amounts will depend on the total number of qualified businesses and funding available. Funding decisions will be made on or around February 5, 2021. Relief grants will be issued by February 12, 2021. Approved businesses will receive paper checks in the mail – no direct deposits – and an IRS form 1099 will be issued.

Program Overview - 

Applications for the Small Business Relief (SBR) Program for the Town of Firestone will be available Tuesday, January 12, 2021, through Tuesday, February 2, 2021.  

These one-time relief payments, authorized by Senate Bill 20B-001 are available to locally owned small businesses that have been impacted by COVID-19 restrictions including restaurants, bars, breweries, wineries, distilleries, fitness and recreational sports centers, caterers, and movie theaters. Please refer to the Act created by Senate Bill 20B-001 and the Frequently Asked Questions (FAQ) for additional information on this State program.

Businesses that are currently operating, and have a reduced revenue of at least 20% due to capacity restrictions from public health orders, may be eligible for funding:  

  • Businesses with less than $500,000 in revenue (2019) may receive up to $3,500.
  • Businesses with revenue between $500,000 and $1 million (2019) may receive up to $5,000.
  • Businesses with revenue between $1 million and $2.5 million (2019) may receive a payment up to $7,000.

Eligibility Requirements - 

  • Business must be in the restaurant, bar, caterer or fitness and recreational sports industries, or in one of the other eligible industries identified in State Bill 20B-001.  The business must be able to provide current State licenses verification of good standing and legal operation in Colorado.
  • Business must have or have applied for a current (2021) Town of Firestone business license.  
  • Business headquarters must be located in and is doing business in Colorado. 
  • Business must have at least 20% revenue loss since March 26, 2020 (except businesses that began operations between Jan 1 and March 26, 2020).
  • Business must have less than $2.5M in revenue for the 2019 and 2020 calendar years.
  • Business must have at least one full-time employee except for sole proprietorships.
  • Business must have started regular business operations before March 26, 2020.
  • Business must be in compliance with public health orders.

Businesses that are NOT eligible - 

  • Businesses owned or operated by officials or employees of the Town of Firestone.
  • Businesses whose regular ongoing operations started after March 26, 2020.
  • Corporate-Owned franchises and/or publicly traded companies. (Locally owned, independent franchises are eligible.)
  • Businesses that do not intend to continue operating in the State for at least six months after receipt of funding.
  • Businesses operating in violation of any State, Federal, or local laws.
  • Nonprofit organizations

Application Process - 

Applications will be accepted Tuesday, January 12, 2021, through the close of business on Tuesday, February 2, 2021.  

Businesses in the Town of Firestone are encouraged to apply as soon as possible. The window for applications is very short, and follow-up materials may be requested after application submittal to ensure businesses have met eligibility requirements.   

Please submit your SBR application through this website before the close of business Tuesday, February 2, 2021.  

The Town of Firestone received funding approval for this program! All qualified businesses that submit an accurate and complete application will receive a relief grant. Award amounts will depend on the total number of qualified businesses and funding available. Funding decisions will be made on or around February 5, 2021. Relief grants will be issued by February 12, 2021.  Approved businesses will receive paper checks in the mail – no direct deposits – and an IRS form 1099 will be issued.

APPLY Now!