Skip to main

COVID Business Resources

Restaurant Revitalization Fund

  • Applications open on Monday, May 3, 2021
  • Eligible businesses: restaurants, bars, bakeries, breweries, distilleries, and more
  • Funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location; minimum award is $1,000
  • Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023
  • For more information, visit the SBA website

CLIMBER Small Business Loan Fund

  • Colorado Loans for Increasing Mainstreet Business and Economic Recovery (CLIMBER) is a statewide loan fund that will provide up to $250 million in working capital to Colorado small businesses through 2023
  • Small businesses with 5 to 99 employees that were financially stable before the pandemic but now need help to survive may apply for working capital loans between $30,000 and $500,000
  • Below-market interest rates and a 1-year deferred payment option make the program a secure recovery option for small businesses
  • For more information, visit the CLIMBER Loan Fund website

Colorado Revolving Loan Fund

  • Loans that help small to medium-sized Colorado
  • Loans are intended to provide startup and working capital that will help create and retain jobs across Colorado businesses negatively impacted by the COVID-19 pandemic
  • Loans range from $5,000 to $750,000
  • The maximum interest rate is 10%, and the expected average interest rate of these loans is 4%
  • For more information, visit the Colorado Revolving Loan Fund website

Paycheck Protection Program (PPP)

  • SBA has extended the PPP loan program through May 31, 2021
  • Loans can be used to help fund payroll costs, including benefits, pay for mortgage interest, rent, utilities, worker protections costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations
  • Applicants must have no more than 300 employees, and demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020
  • For more information and to apply, visit the SBA website

Shuttered Venue Operators Grant

  • Applications open April 26 at 10 am MST
  • Eligible entities include: Live venue operators or promoters; theatrical producers; live performing arts organization operators; relevant museum operators, zoos and aquariums who meet specific criteria; motion picture theater operators; talent representatives
  • Award amounts: EITHER the lesser of an amount equal to 45% of their 2019 gross earned revenue or $10 Million, OR the lesser of the average monthly gross revenue for each full month you were in operation during 2019 multiplied by 6 OR $10 Million
  • For more information and to apply, visit the SBA website

Restaurant & Bar Special Sales Tax Deduction

  • Certain restaurants, bars, and mobile food vendors may be eligible for a special sales tax deduction, which was added by House Bill 20B-1004
  • The special deduction applies to payment due for the following tax periods: Nov 2020 (due Dec 21, 2021), Dec 2020 (due Jan 20, 2021), Jan 2021 (due Feb 22, 2021), Feb 2021 (due Mar 22, 2021)
  • For more information and instructions, visit the Colorado Department of Revenue

Economic Injury Disaster Loans (EIDL)

  • Loans for small business owners, including agricultural businesses, and nonprofit organizations
  • Proceeds can be used toward working capital and normal operating expenses
  • Terms: 30 years, 3.75% for businesses (fixed) and 2.75% for nonprofits (fixed)
  • For more information and to apply, visit the SBA website


Colorado COVID Small Business Legal Program

NoCo Recovers

COVID State Guidance

Other Business Resources