The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Borrowers may be eligible for PPP loan forgiveness.

In order to reach the smallest businesses, SBA will offer PPP loans to businesses with fewer than 20 employees and sole proprietors only from Wednesday, February 24 through Wednesday, March 10, 2021. President Biden has also announced additional program changes to make access to PPP loans more equitable.

1. Find a lender:

• Get matched with a lender
• Search for lenders in your area

2. Identify a loan:

• First Draw PPP Loans: If you have not received a PPP loan before, First Draw PPP Loans are available to you.
• Second Draw PPP Loans: If you have previously received a PPP loan, certain businesses are eligible for a Second Draw PPP Loan.

SBA also offers additional Coronavirus relief.

PPP Loan Forgiveness Program 

• SBA, Treasury Announce 'Simpler' PPP Forgiveness Process: The U.S. Small Business Administration and the U.S. Treasury Department are trying to simplify the forgiveness application process for Paycheck Protection Program loans of $50,000 or less. The changes aim to streamline the PPP forgiveness process to provide financial and administrative relief to America's smallest businesses.

• Paycheck Protection Program (PPP) Loan Forgiveness Application: To apply for forgiveness of your Paycheck Protection Program (PPP) loan, you must complete the application and submit to your lender. Contact the SBRC to schedule virtual assistance through our program partners with this process if needed.

• PPP Forgiveness application (en Español)

• PPP Loan Forgiveness Calculator (Excel): The Loan Forgiveness Calculator uses available guidance from the Small Business Administration and Treasury, along with interpretations of that guidance to estimate the amount of a PPP loan that may be eligible for forgiveness.

PPP Resources

• 2021 COVID-19 Economic Aid Overview
• PPP Forgiveness and Second Round
• PPP Second Round and Related Issues Updates
• New PPP Loan Forgiveness Applications: Key Takeaways for Businesses
• SBA Q&As on PPP

Disaster Loan Assistance

Small Business Administration Economic Injury Disaster Loan Program: Effective March 19, 2020, all 64 counties in Colorado are declared eligible for SBA Economic Injury Disaster Loans. Small businesses in Commerce City affected by COVID-19 can now access low-interest federal loans for working capital.
Learn more

Targeted Economic Injury Disaster Loan (EIDL) Advance Program

The Targeted EIDL Advance provides businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency.

Advance funds of up to $10,000 will be available to applicants located in low-income communities who previously received an EIDL Advance for less than $10,000, or those who applied but received no funds due to lack of available program funding.

Business must:

• be in a low-income community;
• suffered greater than 30% economic loss; and
• has 300 or fewer employees

Applicants do not need to take any action at this time. SBA will reach out to those who qualify.

Learn more

Applications for this grant are not open yet. Applicants must have SAM.gov account to apply.

Eligible Entities

• Live venue operators or promoters
• Theatrical producers
• Live performing arts organizations and motion picture theater operators
• Relevant museum operators, zoos and aquariums who meet specific criteria
• Talent representatives, and
• Up to five businesses entities owned by an eligible entity that also meet the eligibility requirements

Other requirements of note:

• Must have been in operation as of February 29, 2020
• Venue or promoter must not have applied for or received a PPP loan on or after December 27, 2020

Learn more

Express Bridge Loan Pilot Program

The SBA Express Bridge Loan Pilot Program allows SBA Express Lenders authority to deliver expedited SBA-guaranteed financing of up to $25,000 on an emergency basis for disaster-related purposes to eligible small businesses, while the small businesses apply for and await long-term financing.