COVID-19 Business Resource Center

COVID-19 Business Resource Center

Last updated October 19

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

Funding Opportunities

Applications for PPP are closed.

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.

Guidance on how to use PPP funds and loan forgiveness:

More Program Details

The SBA’s Economic Injury Disaster Loan (EIDL) Program provides small businesses and non-profits with low-interest loans that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing due to COVID-19.

This loan 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 and nonprofits can apply now through SBA’s online application portal. 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.
  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

Applications are open. Apply now.

The Energize Colorado Gap Fund will provide more than $25 million in small business loans and grants to boost small business enterprises 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.

Anyone eligible is welcome to apply. Preference will be given to small businesses:

  • majority-owned by minority, women, or veterans
  • located in a rural area
  • that have not been successful in pursuing and/or receiving funds from the EIDL, Paycheck Protection Program and Health Care Enhancement Act

Application and program information is available on Energize Colorado’s website.

Targeted Launch: End of 2020 or Early 2021

Funds Available: $250 million

Uses: Loans (originated by banks, CDFIs and credit unions) will be available for small businesses with up to 99 employees

More program information will be available on State Treasurer, OEDIT, and CHFA web sites as the launch date nears. Sign up for our COVID-19 email updates.

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.

The Main Street Lending program helps credit flow to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 crisis, but now need loans to help maintain their operations until they have recovered from, or adapted to, the impacts of the pandemic. The loans range from $250,000 to $300 million.

The program offers 5-year loans, with floating rates, and principal and interest payments deferred as indicated in the chart below to assist businesses facing temporary cash flow interruptions.


Other Assistance for Businesses & Nonprofits

Safer at Home and in the Vast, Great Outdoors guidance provides insight for businesses looking to reopen. Guidance is provided by sector.

The State of Colorado has partnered with the legal community to create a volunteer program called the Colorado COVID Legal Relief. This organization connects attorneys with Colorado businesses in need to help them make informed decisions and get back on their feet.

From financial aid compliance to leasing arrangements and business liability, small businesses across our state face complex challenges and most small businesses need legal resources and expertise to make informed decisions.

The Colorado Lawyers Committee is matching volunteer attorneys with small businesses in need of assistance. This organization is a nonpartisan consortium of 80 Colorado law firms dedicated to creating and increasing opportunities for children, the poor and other disadvantaged communities through pro bono legal advocacy, negotiation, and litigation

The Colorado Department of Local Affairs (DOLA) supports landowners and tenants facing eviction and foreclosure. Landlords and renters can apply for emergency rental assistance.

If you need legal support, please visit Colorado COVID Legal Relief.

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

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.

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

Sign Up for COVID-19 Email Updates