COVID-19 Small Business Resources

Helping small businesses navigate the current health crisis.

Colorado Lending Source's Response to COVID-19

Colorado Lending Source recognizes the importance of being available to serve small business owners as they navigate the impact of the COVID-19 outbreak. We are working with our community partners, lenders, and small business owners to make sure they are receiving the most accurate and up-to-date information.

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Coronavirus Aid, Relief, and Economic Securities (CARES) Act

There is quite a bit of information out there and we understand it’s challenging to navigate. With implementation of the CARES Act that was approved by Congress on March 27th, the information below is what we are currently aware of and will be updated as modifications occur.

View CARES Act Webinar

Paycheck Protection Program (PPP)

We are no longer accepting PPP applications.

For current PPP borrowers, please note that we are still waiting to hear back from SBA on final forgiveness details. We will be in touch via email once the process is finalized. 

Until we are ready to begin accepting forgiveness applications, here is a reminder of your covered period options and the payment deferral period that is in place:

  • The 3508, 3508EZ and 3508S forms display an expiration date of 10/31/2020.  However, this is not the deadline for application.  Borrowers may submit loan forgiveness any time before the maturity date of the loan, which is either two or five years from the loan application.  Please check your note or the date.
  • Per current legislation on the PPP, the loan forgiveness covered period is the 24-week period beginning on when your PPP loan was disbursed.  If your PPP loan was made before June 5, 2020, you may elect an 8-week covered period beginning on when your PPP loan was disbursed. 
  • You have up to 10 months after the end of your loan forgiveness covered period to submit the loan forgiveness application to us, along with any other required documentation.
  • After the forgiveness application is received, Colorado Lending Source, as your lender, and the SBA have up to a combined 150 days or approximately 5 additional months to make a decision on the forgiveness application.
  • You will not have to make any payments of principal or interest on the PPP loan before the date on which SBA either remits the forgiven amount to Colorado Lending Source as your lender, or notifies us that a reduced or no forgiveness is allowed. 
  • Example:  A business’ PPP loan was disbursed on June 25, 2020, the 24-week covered period ends on December 10, 2020.  The business would then need to submit a forgiveness application to the lender by October 10, 2021.  The lender and SBA would then have up to March 9, 2022 to inform the borrower of the determined forgiveness, before any payment would be required.  This assumes that the full loan amount was not approved.  If the borrower did not submit the forgiveness application by October 10, 2021, then payments would begin following this date. 

For full guidance on the Paycheck Protection Program, please visit the U.S. Department of Treasury website.

PPP General Program Details: 

  • $350 billion to support loans to small employers with more than one physical location that employees more than 500 employees in certain industries to be eligible and is below a gross annual receipts threshold plus those that meet the SBA size standards
  • Loan size will equal 250% of an employer’s average monthly payroll with a maximum loan amount of $10 million
  • Covered payroll costs include salary, wages, and payment of cash tips, employee group health care benefits (including insurance premiums, retirement contributions, and covered leave) in addition to mortgage, rent, and utility payments 
  • Loans will be available immediately through existing SBA-certified lenders
  • The portion of the loan used for covered payroll costs, interest on mortgage obligations, rent, and utilities would be forgiven
  • Interest rates are fixed at 1%
  •  At least 60% of loan proceeds need to go to payroll expenses in order to maximize potential loan forgiveness. For full guidance on the Paycheck Protection Program, please feel free to visit the U.S. Department of Treasury website.   

Small Business Debt Relief

  • Section 1112 of the CARES Act requires the Small Business Administration (SBA) to make payments on all existing and newly funded SBA 504, 7(a), Community Advantage, and Express loans for six months, providing immediate and much needed relief, beginning April 1, 2020
  • If you have an existing SBA loan with us your payments will be made for the next six months (if you have a Colorado Main Street Loan, please contact
  • These are full payments of principal and interest plus any applicable fees

SBA Economic Injury Disaster Loans (EIDL)

Colorado small businesses impacted by COVID-19 can now seek individual small business loans with low interest rates up to $2 million as part of SBA’s Economic Injury Disaster Loan program to help finance operational costs. For more details on SBA Economic Injury Disaster Loans, visit the Colorado Small Business Development Center’s resource page.

  • Eligible entities may apply for loans up to $2 million
  • Interest rates are fixed up to 30 years at 3.75% for small businesses and 2.75% for non-profits
  • Financing can be used for working capital to help pay fix debts, payroll, accounts payable, and other bills that can’t be paid as a result of the disaster.

Entrepreneurial Assistance

  • $265 million in grants to SBA resource partners, including Small Business Development Centers and Women’s Business Centers for business counseling, training, and assistance related to COVID - 19
  • Plus $10 million to the Minority Business Development Agency to provide services 

Apply here

Funding Options in Response to COVID-19

Eastern Colorado Small Business Loan Program

The Eastern Colorado Business Loan Program is an affordable, flexible and friendly loan program available to small businesses and nonprofits located in eastern Colorado counties who have been impacted by the COVID-19 pandemic and are interested in protecting jobs and investing / reinvesting in their communities in the short, medium and long term. 

learn more here

Castle Rock CommUNITY Business Loan Program

The Castle Rock CommUNITY Business Loan Program is available to businesses located within the Town of Castle Rock who have been impacted by the COVID-19 pandemic. The intent of these $25,000 loans is to help small businesses survive and retain employees during these challenging times. 

Learn more here

SBA Express Bridge Loans

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 loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. 

apply for bridge loan

Denver Microloan Program

City-wide program providing loans from $5,000-$50,000 to provide support in helping small businesses with stabilizing. This program focuses on industries located in the most vulnerable neighborhoods. Click here for more information.

apply for denver microloan

Colorado COVID Relief Fund

The Colorado COVID Relief Fund’s purpose is to raise and coordinate allocation of funds based on prevention, impact, and recovery needs of community-based organizations in Colorado. This Fund is organized to ensure that the most acute community needs across the state are being addressed and that community voice is reflected in all funding decisions made over time.

Through this Fund, eligible community-based organizations across Colorado may receive a general operating grant of up to $25,000. 

Learn more here

Arvada Emergency Business Recovery Initiative

The City has created a $2.5 million loan fund to help qualifying businesses stay afloat until funding from the Small Business Administration (through the CARES Act) becomes available. The City will award no-interest loans of up to $10,000.00 from the fund to qualifying small businesses.

learn more here

Covid-19 Response Fund Boulder County

Your Community Foundation has established the COVID-19 Response Fund Boulder County, to ensure essential services for community members who find themselves at the intersection of being most vulnerable to the virus and most impacted by inequity. Grants from the fund will be directed by foundation staff to local nonprofit organizations.

Learn More here

Boulder Small Business Relief Fund

City of Boulder and local philanthropists announce $250,000 seed funding for the COVID-19 Small Business Relief Fund established by the Boulder Chamber and Community Foundation Boulder County. Qualified businesses can receive a one-time grant up to $2,500.

learn more here

Glendale Small Business Interim Relief Program

The Mayor and City Council of Glendale understand the challenges that are being faced by the small businesses in our community and have established the Glendale Small Business Interim Relief Program to provide grants of up to $2,000 to businesses located in Glendale.

learn more here

Town of Superior Small Business Emergency Relief Grant

This grant program will provide either a $5,000 or $10,000 grant to immediately offset some of the economic impact due to the pandemic. The Town is accepting applications from small businesses and restaurants with a brick-and-mortar presence in the community (not including home-based businesses).

learn more here

Centennial Small Business Loan Fund

Colorado Enterprise Fund and the City of Centennial have partnered to launch this loan fund. Loan amounts go up to $25,000 on a first-come, first-serve basis, with up to six-year terms, and six-months of interest-only payments.

learn more here

Resilience Loans

Resilience Loans provide fund emergency credit to offset COVID-19 economic impacts for current and former clients of CEDS Finance up to $10,000.

learn more here

Larimer County Small Business Recover Loan Fund

A new $5 million Larimer County Small Business Recovery Loan Fund is now accepting applications. Loan amounts range between $2,500 to $50,000 for businesses located in Larimer County. 

learn more here

Adams County Mini-Grants

As part of its COVID-19 emergency response and recovery strategy, Adams County has partnered with several local Chambers of Commerce to develop a series of mini-grants in three categories to support small businesses impacted by the COVID-19 situation. Federal funding for the grants comes from the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress.

learn more here

Kiva Loans

Colorado Lending Source has partnered with Kiva to be their newest hub. As such, we are able to extend 0% interest loans without fees for small businesses, up to $15,000. The process to apply is simple and transparent. Learn more here or email our Capital Access Manager, Rachael Sall, who is here to help with any questions you may have.

Apply for Kiva Loan

Colorado Main Street Program for Women-Owned Businesses

This program is an affordable, flexible, and friendly loan program available to women-owned (51% or more) small businesses located in Colorado. The program has been made available through the generous funding support of The Women’s Foundation of Colorado in partnership with Colorado Lending Source.

learn more here

Small Business Emergency Relief

Available for the city of Denver, this fund will provide grants or microloans up to $7,500 for eligible small businesses impacted by COVID-19. The fund is a collaboration between the Downtown Denver Partnership and the Denver Economic Development and Opportunity (DEDO) office and will help support business’ stabilization efforts. 

apply for denver funds

1st Southwest Community Fund Emergency Programs

In response to the COVID-19 crisis, 1st Southwest Community Fund has launched several emergency funding programs in collaboration with regional organizations and foundations for rural-based businesses.

Learn more here

Montrose Emergency Relief Funds

The Montrose Community Foundation (MCF) created the Montrose Emergency Relief Fund in response to the COVID-19 protective measures that are now in place. The Montrose Emergency Relief Fund will provide flexible resources to organizations in the greater Montrose County area working with communities that are disproportionately impacted by coronavirus-19 and the economic consequences of this pandemic. 

On March 30th, the grant application will be available. For more information please email

learn more here

Enhance Broomfield Modified Grant Program

The  Enhance Broomfield Modified Grant Program is designed to assist small businesses with support grants of up to $7,500 per business.

Learn more here

Aurora Economic Relief Loan & Grant Program

Restaurant, retail, service or entertainment small businesses and arts-related nonprofits in Aurora are invited to apply for financial assistance from the city of Aurora’s new $1 million Aurora Economic Relief (AER) Loan and Grant Program, in cooperation with CEDS Finance. Depending on the financial need, grants are available up to $5,000 or loans from $5,000 to $50,000 to help businesses retain jobs.
learn more here

Brighton Covid-19 Relief Fund

In an effort to aid small business owners in the Brighton community, the Brighton EDC team and Colorado Enterprise Fund have teamed up to establish a COVID Relief Loan Fund. This loan product can be thought of as a bridge to get small businesses to larger resources with loans up to $25,000.

learn more here

Golden Business Rent Assistance Program

The Downtown Development Authority in Golden, Colorado will fund a direct payment of the lesser of $2,000 or 50% of the monthly rent/mortgage payments for specific types of downtown businesses.

learn more here

Thornton Emergency Business Grant

Thornton Emergency Business Grants, administered by the Thornton Economic Development Office, are available to help fund Thronton licensed businesses with commercial locations affected by COVID-19. While Emergency Business Grant funding for the COVID-19 crisis allows for a maximum of $10,000, not all businesses will receive the full $10,000, but rather a portion up to $10,000.

learn more here

Adams County Small Business Loan Fund

Adams County’s Board of County Commissioners, in partnership with Colorado Enterprise Fund (CEF) and the Adams County Foundation, has increased its investment in the Adams County Small Business Loan Fund to help small businesses throughout the county access capital and business coaching. The goal is to provide support through a CEF COVID-19 Relief Loan to viable small businesses to help with immediate relief, recovery and rebuilding efforts. Loan amounts are up to $25,000 at a fixed interest rate of 3.5% with six months of interest only payments.

learn more here

Greenline Emergency Microloan Program

In response to the COVID-19 pandemic, Greenline Ventures LLC (“Greenline”) has established the Greenline Emergency Microloan Program (the “Program”) to provide much-needed funds to minority, women, or veteran-owned small businesses throughout Colorado that have been economically impacted by the pandemic. The goal of the Program is to enable disadvantaged small businesses to continue operations and retain/support employees through this challenging period of economic trouble and uncertainty. 

Learn more here

Small Business Disaster Relief Resources

In addition to the resources listed below, the Colorado Small Business Development Center has an in-depth page dedicated specifically for small businesses in response to COVID-19. As one of our trusted partners, we highly encourage you to visit their website. 

Visit SBDC's Covid Resource page

Ways to Support Small Business

  • Order food directly from restaurants and coffee shops for pick-up or delivery. Check out the comprehensive list here!
  • Buy gift certificates online for future use, from establishments that are currently closed
  • Purchase a few workout classes from a local gym that has switched to virtual training 

more ideas here

Upcoming Virtual Events

Join us online!

We're keeping our social distance but that doesn't mean we can't stay connected! Join our online community to help your business or clients navigate COVID-19 challenges. We will be curating a list of the most relevant virtual events available for small businesses, lenders, and resource partners. These will include everything from educational webinars to community networking events. 

View Calendar

Social Media


We will be utilizing social media as a way to help support the small business community and highlight different ways they are pivoting during this time of transition. Follow us on Facebook, Instagram, Twitter, and LinkedIn for the latest updates and ways to support local business. 

If you’re a small business owner who believes you can benefit from a shoutout, please email marketing or tag us on any social media. 

Contact Us

We're here for you!

Although our physical office in Denver is closed for as long as is needed, we are well prepared to continue business without disruption. 

We will remain available by phone, email, and are happy to schedule virtual meetings with you. Please feel free to call our main line and leave a voicemail so that we may direct your call to the appropriate person or team.

303.657.0010 |

Contact us