COVID-19 Business Resource Center

COVID-19 Business Resource Center

Last updated May 21

The following resources are available to support small businesses, nonprofits, freelancers, and independent contractors.

Funding Opportunities

As of April 27, SBA started accepting PPP applications from lenders.

The Paycheck Protection Program (PPP) provides forgivable loans of up to $10 million for costs incurred from February 15, 2020 to June 30, 2020. Loans can be used for payroll, business rent, business mortgage interest, or business-related utilities.

Who is Eligible: small businesses, non-profits, veterans organizations, tribal businesses, ESOPs and cooperatives with less than 500 employees, sole proprietorships, self-employed individuals, and independent contractors

How to Apply: You apply through your locally-authorized bank and non-bank lenders. This typically is your existing banking partner.

Next Steps:

  1. Verify your business’s eligibility.
  2. Review the application and gather the necessary materials such as payroll tax filings, proof of lease payments, proof of mortgage payments, and proof of utility payments.
  3. Get in contact with your accountant and/or bank that pays out your business’s payroll. Ask your lender if it is authorized to process your Paycheck Protection Program loan. If you are not connected to an authorized lender, find an eligible lender here. We have also compiled a list of Colorado SBA approved lenders. If you are struggling to find a lender, please contact our hotline at (303) 860-5881.



More Program Details

Monday, May 4 update: Businesses with an application number in the 200’s series will need to reactivate their application in the SBA portal. The site may state that EIDL applications are only open to new agricultural businesses, but OEDIT has confirmed that if someone has a 200 series EIDL loan number, they WILL be able to reactivate and have their new loan number tied to their original loan number to maintain their place in line.

Businesses with an application number in the 300’s series DO NOT NEED to reactivate their application as it is currently in the review process. EIDL Advances are automatically deposited into businesses accounts once they have been processed.

If you have not yet previously applied, only agricultural businesses can apply through the SBA portal at this time.

The SBA’s Economic Injury Disaster Loan and Loan Advance (EIDL) Program provides small businesses and non-profits with low-interest 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 due to COVID-19.

As a part of EIDL, you can access up to a $10,000 loan advance within three days of your application being accepted. This advance will act as a grant and does not need to be repaid. To ensure that the greatest number of applicants can receive assistance during this challenging time, the amount of the advance will be determined by the number of the small business’ pre-disaster (i.e., as of January 31, 2020) employees. The advance will provide $1,000 per employee up to a maximum of $10,000.

This advance may be used to:

  • Keep employees on payroll
  • Pay for sick leave
  • Meet increased production costs due to supply chain disruptions
  • Pay business obligations, including debts, rent and mortgage payments

Who is Eligible: small businesses, non-profits, veterans organizations, tribal businesses, ESOPs and cooperatives with less than 500 employees, sole proprietorships, self-employed individuals, and independent contractors

How to Apply: Businesses can apply now through SBA’s online application portal. You must opt into the loan advance while completing loan application. You will fill out the streamlined advance application first when applying for EIDL. After submitting that application, you will then continue with the more detailed EIDL application.

Next Steps:

  1. Verify eligibility through SBA’s online portal.
  2. Gather necessary materials such as your business’s most recent tax return, owner’s/GP’s personal financial statement, and schedule of liabilities.
  3. Apply through SBA. SBA put together an EIDL Application Guide to walk you through the application process.
  4. If you have an application number from when you submitted, you are in the SBA system under review. Your application is still being processed by SBA if you have not heard not back.


More Program Details

The 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 loan or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan.

Who is Eligible: Any of the following who have a business relationship with an SBA Express Lender: small businesses, non-profits, veterans organizations, tribal businesses, ESOPs and cooperatives with less than 500 employees, sole proprietorships, self-employed individuals, and independent contractors

How to Apply: Talk to your local lender and find out if they are an SBA Express Lender. If your lender is not authorized, please review this list of Colorado SBA Express Lenders.

More Program Details

As part of SBA’s debt relief efforts,

  • The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.
  • The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.

If you had a pre-existing disaster loan on March 1, 2020, the SBA is providing automatic deferments through December 31, 2020.

More Program Details

The following Google sheet helps Colorado’s small businesses find alternative funding sources beyond EIDL, PPP, and other federal loans and programs. OEDIT will be updating this sheet regularly and are aware that resources can change on a day-to-day basis. If you come across any resources that are no longer active, please email us at

Please note that this Google sheet is ‘live’, so you may see changes as we make real-time updates.

Alternative Sources of Funding

We also have compiled a comprehensive list of Nonprofit Lenders in Colorado.


Other Assistance for Businesses & Nonprofits

Safer at Home guidance provides insight for businesses looking to reopen. Guidance is provided by sector.

The Colorado Department of Local Affairs’ (DOLA) website houses a model repayment agreement for renters and landlords. DOLA also received $3 million in state emergency funds to assist with rental and mortgage assistance for families below 50 percent of the area median income (AMI). The division has an interactive map on its website to help families find resources due to COVID-19.

If you need legal support, the Justice Center is offering free legal aid for businesses affected by COVID-19 on Wednesday nights.

The Colorado Department of Labor and Employment created a Layoff Assistance page, which outlines a number of programs and resources to help business owners make difficult decisions around laying off employees.

The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer’s share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes. Learn More from the IRS.


Assistance for Workers and Families

Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples. Parents also receive $500 for each qualifying child. Check the status of your IRS payment.

The Colorado Department of Labor’s unemployment page is your main resource. There are worksheets to calculate benefits, FAQS, and a link to file an unemployment claim. You can also reach out to their call center hotline at 303-318-9000. The call center is open Monday through Friday from 8 a.m. to 4 p.m. You can also request a call-back to receive support on filing a claim.

The federal CARES Act extended benefits for unemployment by:

  • Increasing weekly unemployment benefits by $600
  • Extending unemployment benefits by 13 weeks
  • Expanding those who qualify for unemployment to include self-employed workers (including gig workers and independent contractors), part-time workers, and those who have a limited work history

If you are looking for rental assistance, reach out to the Colorado Department of Local Affair’s (DOLA) Division of Housing for assistance. Learn more about DOLA’s efforts.

The U.S. Department of Education automatically placed federal student loan borrowers in an administrative forbearance, which allows you to temporarily stop making your monthly loan payment. From March 13, 2020, through Sept. 30, 2020, the interest rate is 0% on the following types of federal student loans owned by ED:

  • Defaulted and nondefaulted Direct Loans
  • Defaulted and nondefaulted FFEL Program loans
  • Federal Perkins Loans

Learn More



For the latest news, please review the Governor’s press releases. The Colorado Department of Public Health and the Environment developed a website that houses all of their communications and the latest information regarding Colorado’s response. The Governor’s Council on Economic Stabilization and Growth develops strategies to put people back to work and get Colorado’s economy moving again.

Connect with Us

The Small Business Navigator can direct you to resources and answer questions about COVID-19 specific funding. Hours are Monday through Friday from 8:00 a.m. to 5:00 p.m.

Hotline: (303) 860-5881

If you are looking for advice specific to your business, we recommend setting up a no-cost appointment with your local Small Business Development Center. Once you find your local SBDC’s page, click on “What We Do” and then “Consulting”. You’ll need to submit a form to schedule your appointment.

Starting Monday March 23, OEDIT began sending email updates specifically about COVID-19 for the business community.

Sign Up for COVID-19 Email Updates

Regions across Colorado host weekly webinars across the state on Wednesdays at 1:00 p.m. and 3:00 p.m. Past webinar recordings can be found on YouTube.

Eastern Colorado

Every Wednesday at 3:00 p.m.
Dial-in Number: 253-215-8782 or 346-248-7799
Webinar ID: 923 2729 5078

Western Slope Colorado

Every Wednesday at 1:00 p.m.
Dial-in Number: 346-248-7799 or 669-900-6833
Webinar ID: 967 9122 4178