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 pleased to announce that we are now accepting PPP applications. A second round of funding for the PPP program allocates a portion of the funds to be lent to small businesses by nonprofit lenders such as ourselves. 

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 
  • Fee waivers, automatic payment deferments of SBA 7(a) loans for at least 6 months and no more than one year, and no prepayment penalties will reduce the cost to lenders and borrowers
  • Loans will be available immediately through existing SBA-certified lenders
  • SBA express loan maximums will increase from $350,000 to $1 million (these loans act as a revolving line of credit for working capital) Provides limitation on a borrower from receiving this assistance and an EID loan through SBA for the same purpose
  • 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%

Please note, we will prioritize applications that are rural-based, woman-owned, minority-owned, veteran-owned, along with sole proprietors, independent contractors and nonprofit 501C3 entities with maximum loan amounts up to $250,000.

Below are the details of what we will need to process the loan with Colorado Lending Source. It is important to note the demand on this program is high. In order to process these quickly we will need complete applications. Please indicate in the notes section if any of the prioritized categories apply.  Following your completed application, a loan officer will be in touch via your email.

  • SBA form 2483 Borrower application (provided during application)
  • Payroll Calculator (provided during application process)
  • Documentation is necessary to establish the loan amount (click here)
  • Ownership information for each 20% or greater owner is required, including a Driver’s License copy. If you are a non-profit entity, please enter the information for the authorized signor(s) and indicate 0% ownership.

Click here to begin application

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 

Read more on our blog

Funding Options in Response to COVID-19

Small Business Emergency Loans for Rural Colorado

This loan program is available to businesses located in rural communities who have been impacted by the COVID-19 pandemic. The intent of these $10,000 loans is to help small businesses survive and retain employees during these challenging times. Financing is available at a fixed interest rate of 3.00% for two years with no payments of principal and interest due during the first six months of the loan. 

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

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

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 Funds 

COVID-19 Emergency Micro-grant program:
The COVID-19 Emergency Micro-Grant Program aims to provide immediate relief for small businesses and nonprofits in Southwest/Southern Colorado.

Micro-grants of $1,500-$4,000 will be awarded based on demonstrated need. (Deadline to apply is March 31, 2020.)

COVID-19 Emergency Loan Fund:
The COVID-19 Emergency Loan Fund has been established to offer low-interest loans to rural businesses and nonprofits affected by the COVID 19 crisis. The loans are designed to support businesses and nonprofits during this difficult period, with the goal to enable them to continue operations and support their employees. 

Loan amounts range from $5,000-$10,000 and can be used for working capital and business continuity. Interest rates are 2.5% with 7 year terms and no payments for the first 90-180 days.

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

Wheat Ridge Small Business Stabilization Program

The City of Wheat Ridge City Council approved a new Small Business Stabilization Program providing a total of $250,000 in grants to small businesses in Wheat Ridge who have been significantly impacted due to the COVID-19 emergency. Each business is eligible for up to $5,000 of the $250,000 grant. Application closes April 17, 2020.

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