Paycheck Protection Program (PPP)
Loans That Will Cover Your Rent & Payroll and Can Be Forgiven In Time
The program provides cash-flow assistance through 100 percent federally guaranteed loans to employers who maintain their payroll during this emergency. If employers maintain their payroll, the loans would be forgiven, which would help workers remain employed, as well as help affected small businesses and our economy to snap-back quicker after the crisis. PPP has a host of attractive features, such as forgiveness of up to 8 weeks of payroll based on employee retention and salary levels. Learn more.
> Apply For PPP At Any Lending Institution (See page 28)
SBA Economic Injury Disaster Grant (EIDL)
$10,000 Emergency Advance
These grants provide an emergency advance of up to $10,000 to small businesses and private non-profits harmed by COVID-19 within three days of applying for an SBA Economic Injury Disaster Loan (EIDL). To access the advance, you must first apply for an EIDL and then request the advance. The advance does not need to be repaid under any circumstance, and may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent and mortgage payments.
> Apply Here For $10,000 Federal Grant
Denver Economic Development & Opportunity Emergency Relief
Denver Economic Development and Opportunity (DEDO) has established an emergency relief fund to provide cash grants up to $7,500 to qualifying small businesses. The highest priority will be the industries most impacted by the coronavirus pandemic, such as the food industry. These businesses may have had to temporarily close, are struggling with paying their rent and utilities, or have had to lay off staff. Learn more.
> Apply Here For $7,500 Denver Grant
Other Resources Recommended by DMCAR:
NAR Summary of Federal CARES Act Relief Provisions For Brokers & Consumers; Includes Multifamily Forbearance, Eviction Moratorium & Net Operating Loss Rollbacks
Colorado Banks Ready For SBA Lending; Page 28 Shows List By Town
U.S. Chamber Of Commerce Summary of PPP and EIDL
Questions About Force Majeure Clauses
Questions About Business Interruption Insurance
Small Business Owner's Guide
ICSC Federal CARES Act Summary
Denver Metro Chamber All Things COVID and Relief Page