{"id":6337,"date":"2020-09-02T18:16:02","date_gmt":"2020-09-02T22:16:02","guid":{"rendered":"https:\/\/www.grantwatch.com\/grantnews\/?p=6337"},"modified":"2020-10-21T10:02:26","modified_gmt":"2020-10-21T14:02:26","slug":"colorado-small-businesses-and-nonprofits-will-finally-be-able-to-apply-for-help-in-rebuilding","status":"publish","type":"post","link":"https:\/\/www.grantwatch.com\/grantnews\/colorado-small-businesses-and-nonprofits-will-finally-be-able-to-apply-for-help-in-rebuilding\/","title":{"rendered":"Colorado Small Businesses And Nonprofits Will Finally Be Able To Apply For Help In Rebuilding"},"content":{"rendered":"\n<p>Small businesses have been incredibly hard hit by the <a href=\"https:\/\/colorado.grantwatch.com\/cat\/56\/coronavirus-covid-grants.html\" target=\"_blank\" rel=\"noreferrer noopener\">COVID-19<\/a> pandemic and the necessary government response to the pandemic, including lockdowns and opening restrictions. These conditions, while important, have forced businesses all over the country to close at least temporarily, with over 100,000 permanently closing. Businesses owned by<a rel=\"noreferrer noopener\" href=\"https:\/\/www.grantwatch.com\/cat\/39\/women-grants.html\" target=\"_blank\"> women<\/a> and <a rel=\"noreferrer noopener\" href=\"https:\/\/www.grantwatch.com\/cat\/53\/minorities-grants.html\" target=\"_blank\">minorities<\/a> have been especially hard hit, and that has lead to difficult situations for families across the country.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"678\" src=\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/07\/corona-1024x678.jpg\" alt=\"covid\" class=\"wp-image-5391\" srcset=\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/07\/corona-1024x678.jpg 1024w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/07\/corona-300x199.jpg 300w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/07\/corona-768x509.jpg 768w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/07\/corona-1536x1017.jpg 1536w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/07\/corona-2048x1356.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p>Many state governments have been working to come up with solutions, and Colorado has opened up a new grant and loan program to help address the situation, with special priority to be given to businesses and nonprofits owned and operated by women and people of color.<\/p>\n\n\n\n<p>This grant program will awards grants to businesses and nonprofits with 25 or fewer employees that have been impacted by the pandemic, and are experiencing direct-business disruptions. Eligible businesses and nonprofits will be able to apply for up to $35,000 in grant funds and loan money in this new public-private partnership. This program is being funded by a combination of <a href=\"https:\/\/www.grantwatch.com\/grantnews\/the-cares-act-what-you-need-to-know\/\">CARES <\/a>Act funds together with private donations<\/p>\n\n\n\n<p>Here&#8217;s how the program will work: eligible businesses and nonprofits will be able to apply for $15,000 in CARES grant funds, as well as an additional $20,000 in loan funds.<\/p>\n\n\n\n<p>Small businesses will have to have fewer than 25 full-time employees. Nonprofits are eligible for this program if they are focused on:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Economic Development<\/li><li>Small Businesses<\/li><li>Tourism&nbsp;<\/li><\/ul>\n\n\n\n<p>Nonprofits and small businesses owned by women or people of color will be given priority, as well as businesses that were not awarded PPP funds or any other form of government assistance.&nbsp;<\/p>\n\n\n\n<p>As with similar programs in other states and counties, all business applicants must show proof of hardship caused by COVID-19 through documented financial records in order to be eligible for these funds.&nbsp;<\/p>\n\n\n\n<p>For these loans, interest would be deferred for up to 4 months and interest is relatively low overall. For the first 12 months, interest would be 1% and1.5% for the next 12 months. They will have maturity rates of 24-36 months.&nbsp;<\/p>\n\n\n\n<p><em>According to federal law, all CARES Act funds would have to be spent by the end of the year.&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Small businesses have been incredibly hard hit by the COVID-19 pandemic and the necessary government response to the pandemic, including<\/p>\n","protected":false},"author":12,"featured_media":6456,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sb_is_suggestion_mode":false,"_sb_show_suggestion_boards":false,"_sb_suggestion_history":"","_sb_update_block_changes":"","_is_real_time_mode":false,"_realtime_collaborators":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[138,118,147,143],"tags":[],"class_list":["post-6337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-grants","category-latest","category-nonprofit"],"yoast_head":"<!-- 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Between the pandemic itself, government-imposed safety lockdowns, and shutdowns, at least a 1\/3rd of these small businesses have shuttered\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"white and blue come on in we ere open signage","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/01\/pexels-photo-2432221-e1611261738588.jpeg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/01\/pexels-photo-2432221-e1611261738588.jpeg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/01\/pexels-photo-2432221-e1611261738588.jpeg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/01\/pexels-photo-2432221-e1611261738588.jpeg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":7853,"url":"https:\/\/www.grantwatch.com\/grantnews\/multnomah-county-opens-grant-program-for-bars-and-restaurants\/","url_meta":{"origin":6337,"position":1},"title":"Multnomah County Opens Grant Program for Bars and Restaurants","author":"Lianne Hikind","date":"December 14, 2020","format":false,"excerpt":"The COVID-19 pandemic has hit everyone hard, especially small-business owners. 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And while massive corporations might be able to weather the storm, small businesses with limited funds may not. State governments all over the country have had to come up with a way to assist\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"shallow focus photo of white open sigange","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/08\/pexels-photo-3345876-e1597270100830.jpeg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/08\/pexels-photo-3345876-e1597270100830.jpeg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/08\/pexels-photo-3345876-e1597270100830.jpeg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":8014,"url":"https:\/\/www.grantwatch.com\/grantnews\/montgomery-countys-board-of-commissioners-open-restaurant-program\/","url_meta":{"origin":6337,"position":3},"title":"Montgomery County&#8217;s Board of Commissioners Open Restaurant Grant Program","author":"Lianne Hikind","date":"December 27, 2020","format":false,"excerpt":"Many small and medium businesses have been hit by the COVID-19 pandemic. Between lockdowns, safety measures, and the pandemic itself, 2020 has been a very hard year. The businesses that have certainly been hit the hardest, have been restaurants. As the weather changes, restaurant owners are struggling to maintain outside\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"propane","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/10\/dining.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/10\/dining.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/10\/dining.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":11308,"url":"https:\/\/www.grantwatch.com\/grantnews\/the-city-of-holyoke-gets-grant-to-help-latino-businesses-impacted-by-the-pandemic\/","url_meta":{"origin":6337,"position":4},"title":"Grant Awarded to Help Latino Businesses Impacted by the Pandemic","author":"Staff Writer","date":"June 21, 2021","format":false,"excerpt":"Latino business owners in the City of Holyoke that were impacted by the pandemic may see relief funds thanks to a federal grant.","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"Latino Business grant","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/06\/Latino-Businessman-A2-dobeStock_286414805.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/06\/Latino-Businessman-A2-dobeStock_286414805.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/06\/Latino-Businessman-A2-dobeStock_286414805.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/06\/Latino-Businessman-A2-dobeStock_286414805.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":9929,"url":"https:\/\/www.grantwatch.com\/grantnews\/5-grants-to-help-small-businesses-impacted-by-covid-19\/","url_meta":{"origin":6337,"position":5},"title":"5 Grants to Help Small Businesses Impacted by COVID-19","author":"Lianne Hikind","date":"April 29, 2021","format":false,"excerpt":"We've definitely spoken a lot about COVID-19 over the last year and a half. 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