SMALL BUSINESS ASSISTANCE
Covid 19 Resources:
More Covid 19 Resources
Nederland Resident Dana Edwards, Financial Planner, and Enrolled Agent is offering pro bono guidance to the community's small business, individuals and families. Call her at 303-545-5400 or email her at email@example.com. There may be a 2-day delay for response.
FROM COLORADO SECRETARY OF STATE
COVID-19’s impact on Colorado has been widespread and its effects on the Colorado business community have been particularly profound. Many businesses are faced with finding ways to pay employees and expenses in the face of this major economic interruption.
Last week, the U.S. Congress passed a $2 trillion economic stimulus package called the CARES Act. It includes resources to help Colorado’s small businesses experiencing economic harm. A key portion of this Act is the Paycheck Protection Program, which allocates $349 billion in forgivable loans to help small businesses, independent contractors, and nonprofits meet payroll and rent needs. Businesses can begin applying for the loans on Friday, which will be given on a first-come, first-served basis. I strongly encourage you to review this federal program to see how this important economic resource can help your business.
The first step in accessing these forgivable loans is to prepare the materials necessary to apply. That includes confirming your eligibility, gathering the necessary records (payroll, rent, utilities, tax and bank records), and estimating the eligible amount of your forgivable loan. For more resources, including information on SBA Economic Injury Disaster Loans, SBA Express Bridge Loans, Small Business Emergency EIDL Grants, Small Business Debt Relief, and much more, please visit: choosecolorado.com/covid19
To access the Paycheck Protection Program application, click here. Small Business Development Center representatives are available to answer your questions through the COVID Economic Hotline at (303) 860-5881.
Everyone at the Colorado’s Secretary of State’s Office is committed to keeping you informed and connected as we face this shared challenge.
SBDC (SMALL BUSINESS DEVELOPMENT CENTER)
We are anticipating new programs and funding from the federal government in the coming weeks.
If you would like advice on how to prepare for these programs, we recommend:
Meeting with your business's CPA
Setting up a no-cost consulting appointment with your local Small Business Development Center (SBDC)
To set up your no-cost SBDC consulting appointment:
Find your local SBDC’s website below.
Click on “What We Do” and then “Consulting” in the navigation menu. Click on the link to schedule your appointment.
Fill out a 3-minute form. You should receive a response within 24 hours
Local SBDC Centers:
NDDA (Nederland Downtown Development Authority)
The Nederland Downtown Development Authority has many resource links on their website:
Town of Nederland Information:
STATE OF COLORADO
Colorado Division of Insurance is sharing this list of Frequently Asked Questions (FAQs) about Business Interruption insurance and COVID-19 - what it is, what it covers, how it compares to contingent business interruption insurance, how it works in relation to COVID-19, filing a claim, and what the Division is doing about this issue.
In addition, the FAQ list also contains additional resources such as the Colorado Office of Economic Development and International Trade (OEDIT), the U.S. Small Business Administration and the State of Colorado Small Business Development Center.
You can find all that the Division of Insurance is doing in response to the COVID-19 pandemic on our "COVID-19 and Insurance" website.
Also, from the Internal Revenue Service: