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Resources for Businesses (COVID-19)

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Resources for Small Businesses Impacted by COVID-19*

The City of Northglenn Economic Development staff is available to discuss the concerns you may have about the impacts on your business as a result of COVID-19.   Many resources are also available as our county, state, and country contend with the impacts of COVID-19 to assist businesses: 

 *This page will be updated as new information and resources become available.
   Updated:  5/6/2020

Safer-At-Home Guidelines for Businesses
We have gathered tools and resources to help make your reopening process smoother and with fewer questions. Please review all of the resources below:

Guidance for Businesses - https://www.tchd.org/836/Safer-at-Home-Guidance-for-Businesses
FAQ for Businesses - https://www.tchd.org/DocumentCenter/View/7091/FAQs-SaferatHomeBusiness?bidId=
Best Practice for Businesses - https://covid19.colorado.gov/safer-at-home/safer-at-home-best-practices-for-all-businesses-essential-and-non-essential

Business-Related COVID-19 Announcements 
4/27/2020   Tri-County Health Extension order
4/26/2020   Governor Polis' Safer-At-Home order
3/26/2020    Governor Polis' Updated Stay-At-Home order
3/22/2020    Reduce Non-critical In-Person Workforce by Fifty Percent
3/20/2020    Special Enrollment Period for Uninsured to get Health Insurance
3/20/2020    HUD Suspends Foreclosures/Evictions    
3/20/2020    Expediting Unemployment Insurance 
3/19/2020    Hair and Nail Salons, Spas, and Tattoo Parlors Closed
3/19/2020    Bar, Restaurants, Gyms, Theaters and Casinos Closed
3/18/2020    Gatherings of 10
3/11/2020   Paid Sick Leave
3/10/2020   State of Emergency


Programs for Small Businesses 
For assistance applying for sba programs, schedule a virtual appointment with 
NORTH METRO SMALL BUSINESS DEVELOPMENT CENTER


Paycheck Protection Program (PPP) Forgivable Loans

Friday, April 24 update: Congress appropriated more funds for the Paycheck Protection Program. The additional $320B appropriation for PPP includes specific allocations for small financial institutions and community credit unions while also providing funds for minority-owned businesses. These forgivable loans will be awarded on a first-come, first-served basis and Colorado businesses are encouraged to apply promptly.

The Paycheck Protection Program (PPP) provides forgivable loans of up to $10 million for costs incurred from February 15, 2020 to June 30, 2020. Loans can be used for payroll, business rent, business mortgage interest, or business-related utilities.

How to Apply: Applications for small businesses and sole proprietors open April 3. Applications for independent contractors and self-employed open April 10. You will apply through your locally authorized bank and non-bank lenders. This will typically be your existing banking partner.

SBA Economic Injury Disaster Loan Program and Loan Advance

Friday, April 24 update: Congress appropriated more funds for the Economic Injury Disaster Loan. The additional $60B appropriation for EIDL allows Colorado businesses to resume seeking low-interest recovery loans from the SBA.  

The SBA’s Economic Injury Disaster Loan and Loan Advance (EIDL) Program provides small businesses and non-profits with low-interest loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing due to COVID-19.

As a part of EIDL, you can access up to a $10,000 loan advance within three days of your application being accepted. This advance will act as a grant and does not need to be repaid. To ensure that the greatest number of applicants can receive assistance during this challenging time, the amount of the advance will be determined by the number of the small business’ pre-disaster (i.e., as of January 31, 2020) employees. The advance will provide $1,000 per employee up to a maximum of $10,000.

SBA Express Bridge Loan
Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loan or used to bridge the gap while applying for a direct SBA Economic Injury Disaster Loan. If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

Terms:
Up to $25,000
Fast turnaround
Will be repaid in full or in part by proceeds from the EIDL loan

Find an Express Bridge Loan Lender via SBA’s Lender Match Tool or by connecting with your local SBA District Office.

CDLE Unemployment Insurance

Unemployment Insurance Benefits:  Businesses are asking, “will their employees be eligible for unemployment insurance benefits during the temporary shutdownThe answer is, if an employer stops work (for whatever reason), it is considered a layoff or partial separation. Employees during the temporary shut-down may file a claim to collect unemployment insurance benefits as job attached claimants. They would still be required to meet the eligibility requirements during any weeks they claimed.  Unemployment Insurance

Paid Sick Leave:  Colorado Department of Labor published emergency rules which temporarily require employers in certain industries to provide a small amount of paid sick leave to employees with flu-like symptoms while awaiting COVID-19 testing.  

Work-Share Program
:  is an alternative to laying off your employees. The Work-Share Program provides an alternative to laying off employees by allowing them to keep working, but with fewer hours. While an employee is working fewer hours, he or she may be eligible to collect part of his or her regular unemployment benefits. 
Employer Fact Sheet

Other Resources:
Small Business Owner's Guide to the CARES Act:
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.

CDC Recommended strategies for employers to use now:  
CDC | Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease
 
Related Information
Centers for Disease Control
Colorado Department of Health and Environment
Tri-County Health Department
Flush your Water System before Re-opening