COVID-19 RESOURCE CENTER
CTA is compiling the latest state and federal COVID-19 information, resources and programs below for our members to utilize.
Colorado Resources + Information
| Colorado State COVID-19 Website – Provides comprehensive resources on the State’s response
| Help Colorado Now – How to Help Those Affected by COVID-19 in Colorado
| Colorado Department of Labor and Employment Resources – Includes information on paid sick leave, unemployment insurance, and wage claims
| Colorado Department of Labor and Employment Alternatives to Laying off Your Employees – Offers a work-share program as an alternative to laying off your employees
| Colorado Small Business Development Center COVID-19 Resources – Includes information on assistance with disaster loan applications and other disaster resources helping small businesses to overcome the current crisis
| Colorado Department of Regulatory Agencies COVID-19 Guidance for Licensees and Consumers – Provides updated information regarding licenses and permits
| Colorado Office of Economic Development & International Trade COVID-19 Business Resource Center
| Colorado Department of Public Health and Environment COVID-19 Recommendations
| Colorado small business #COVID19 hotline – (303) 860-5881
Federal Resources + Information
| U.S. Chamber of Commerce Summary of the CARES Act – President Trump recently signed into law the $2 trillion Coronavirus Aid, Relief and Economic Security Act (CARES) Act, the largest U.S. stimulus package ever to help provide economic relief to businesses and workers affected by the COVID-19 outbreak.
| SBA Disaster Assistance – Overview of disaster assistance and resources for small businesses
| SBA Economic Injury Disaster Loans – Small businesses and private nonprofits are eligible borrowers, and the loans themselves are up to $2 million with a maximum 30-year term. Eligible businesses that submit complete loan packages could receive money within three (3) weeks
What Is Needed To Apply:
- Completed SBA loan application (SBA Form 5)
- Tax Information Authorization (IRS Form 4506T) for the applicant, principals and affiliates
- Complete copies of the most recent Federal Income Tax Return
- Schedule of Liabilities (SBA Form 2202)
- Personal Financial Statement (SBA Form 413)
- Income, balance sheet, and cash flow documents
- Other Information may also be requested including: Complete copy, including all schedules, of the most recent Federal income tax return for principals, general partners or managing member, and affiliates (see filing requirements for more information); If the most recent Federal income tax return has not been filed, a year-end profit-and-loss statement and balance sheet for that tax year; A current year-to-date profit-and-loss statement; Additional Filing Requirements (SBA Form 1368) providing monthly sales figures
Tips When Applying:
- Include the disaster in your application – specifically name “COVID-19” or “Coronavirus”
- Apply online versus by mail
- Write your password down; neither the system nor any personnel are able to retrieve it
- Save your work at every prompt. The website may go down periodically due to high volume. If this happens, try to login again at a later time.
- Do not rush through the application. Check and recheck the filing requirements to ensure that all the needed information is completed prior to submission. The biggest reason for delays in processing is due to missing information.
- Be sure to use the same contact information (business name and the name of all owners) that you use on your federal tax returns. Double check that they match.
- If your tax returns reference other businesses that you own, you must also submit those tax returns in order to avoid processing delay.
- If more funds are needed, applicants can submit supporting documents and a request for an increase. If less funds are needed, applicants can request a reduction in the loan amount.
- If the loan request is denied, the applicant will be given up to six months in which to provide new information and submit a written request for reconsideration.
| SBA Small Business Guidance & Loan Resources – General guidance and resources for small business
| U.S. Department of Labor Rapid Response Layoff Services – Services to help businesses and workers deal with the effects of layoffs and plant closures, including those that result from increased competition from imports, natural disasters, and other events
| Centers for Disease Control and Prevent Guidance for Businesses and Employers – Provides guidance based on what is currently known about COVID-19
| Centers for Disease Control and Prevention COVID-19 Guidance
Municipal Resources + Information
| City of Denver Small Business Emergency Relief – A program that addresses the most immediate needs of the business community, prioritizing those industries who are most impacted by the coronavirus pandemic. Providing up to a $7,500 in cash grants, designed to assist eligible small businesses that may have had to temporarily close, have difficulty with paying their rent and utilities, or have had to lay off staff
| City of Denver Microloan Program – Provides loans from $5,000-$50,000, also provides lending capital and support services to small businesses to support their stabilization efforts
| COVID-19 Business Relief Fund – The Downtown Denver Partnership is collaborating with the City’s Denver Economic Development and Opportunity (DEDO) office to support small businesses during this economic crisis. Your support will go into the microloan/grant program, allowing more small businesses the opportunity to bridge this economic downturn. Please consider donating towards this important effort.
Business Resources + Information
| CBRE COVID-19 Resource Hub – CBRE has created a resource hub to provide a perspective on the evolving situation, as well as implications for how the virus will affect the ways we WORK, LIVE and INVEST
| Cooley LLP Coronavirus Resource Hub – Cooley LLP has created a guidance hub for businesses on the legal, regulatory and commercial implications of the COVID-19 pandemic
| Moss Adams COVID-19 – Moss Adams has created a COVID-19 resource hub to provide regulatory updates, strategies to cope with subsequent risk and steps to bolster your workforce and organization.
| Plante Moran COVID-19 Resource Center – Plant Moran has assembled a COVID-19 task force of leaders across the firm to monitor, address, and mitigate risks presented by the virus, and sharing their insights
| Pinnacol Assurance Safety Consultation – Pinnacol Assurance is offering free virtual COVID-19workplace safety consultations to all Colorado businesses
| PwC’s COVID-19 Navigator – PwC has created a COVID-19 Digital Navigator to help you assess the potential impact to your business and gauge your readiness to respond through a new digital assessment tool
CTA members are working hard every day to provide resources, information and services to keep our community safe and moving forward.
Click here to learn about the resources our members are providing.