ECONOMIC INJURY:  Available Federal Assistance Programs

The Federal Government is working diligently on developing the application processes for these loans and grants.  We will let individuals know that information when it is released and applications are open.

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 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. 


  • 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. 

SBA Economic Injury Disaster Loans

The Economic Injury Disaster Loan Program (EIDL) can provide up to $2 million of financial assistance (actual loan amounts are based on amount of economic injury) to small businesses or private, non-profit organizations that suffer substantial economic injury as a result of the declared disaster, regardless of whether the applicant sustained physical damage.  These loans are now available in all counties in Colorado.

* Applicants must meet the SBA requirements of a small business (500 employees or fewer)
* Businesses directly affected by COVID-19
* Businesses that offer services directly related to the businesses in the declaration
* Other businesses indirectly related the industry that are likely to be harmed by losses in their community (Example: Manufacturer of widgets may be eligible as well as the wholesaler and retailer of the product)

* Agricultural Enterprises: If the primary activity of the business (including its affiliates) is as defined in Section 18(b)(1) of the Small Business Act, neither the business nor its affiliates are eligible for EIDL assistance.
* Religious Organizations
* Charitable Organizations
* Gambling Concerns (Ex: Concerns that derive more that 1/3 of their annual gross revenue from legal gambling activities)
* Casinos & Racetracks (Ex: Businesses whose purpose for being is gambling (e.g., casinos, racetracks, poker parlors, etc.) are not eligible for EIDL assistance regardless of 1/3 criteria above.
* Cannabis Industry

* Credit History: Applicants must have a credit history acceptable to SBA.
* Repayment: SBA must determine that the applicant business has the ability to repay the SBA loan.
* Eligibility: The applicant business must be physically located in a declared county and suffered working capital losses due to the declared disaster, not due to a downturn in the economy or other reasons.

* Eligible entities may qualify for loans up to $2 million.
* The interest rates for this disaster are 3.75 percent for small businesses and 2.75 percent for nonprofit organizations with terms up to 30 years.
* Eligibility for these working capital loans are based on the size (must be a small business) and type of business and its financial resources.

These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits or for expansion. Funds cannot be used to pay down long-term debt.

* Completed SBA loan application (SBA Form 5).
* Tax Information Authorization (IRS Form 4506T) for the applicant, principals and affiliates.
* Complete copies of the most recent Federal Income Tax Return.
* Schedule of Liabilities (SBA Form 2202).
* Personal Financial Statement (SBA Form 413).
* Income, balance sheet, and cash flow documents.
* Other Information may also be requested.

* Complete copy, including all schedules, of the most recent Federal income tax return for principals, general partners or managing members, and affiliates (see filing requirements for more information)
* If the most recent Federal income tax return has not been filed, a year-end profit-and-loss statement and balance sheet for that tax year
* A current year-to-date profit-and-loss statement
* Additional Filing Requirements (SBA Form 1368) providing monthly sales figures (This is especially important for Economic Injury Disaster Loans)

* Small businesses that submit complete loan packages could receive the money within three (3) weeks
* Incomplete information and verification of collateral will delay the approval process

* Include the specific disaster in your application – specifically reference “COVID-19” or Coronavirus
* Apply online vs by mail
* Write your password down; neither the system nor any personnel are able to retrieve it
* Save your work at every prompt
* Do not rush through the application. Check and recheck the filing requirements to ensure that all the needed information is submitted. The biggest reason for delays in processing is due to missing information.
* Make sure to complete all filing requirements before submitting the application and forms
* Be sure to use the same contact information (business name and the name of all owners) that you use on your federal tax returns. Double-check that they match
* If your tax returns reference other businesses that you own, you must also submit those tax returns in order to avoid processing delays
* If more funds are needed, applicants can submit supporting documents and a request for an increase. If fewer funds are needed, applicants can request a reduction in the loan amount.
* If the loan request is denied, the applicant will be given up to six months in which to provide new information and submit a written request for reconsideration

As you consider applying for the different funding sources the Federal Government is offering to businesses, please keep the following information in mind as you make the best choices for your situation:

1) Federal funds often come with restrictions. If you accept funding or receive approval from one program, this may cause you to be fully or partially ineligible for other Federal funding.

2) Federal funding often rolls out in phases and can take many forms: Loans, Grants, etc.

3) We are not currently aware of specific federal grants that are being offered at this time for business disaster recovery, but grants may become available later with specific requirements that will be determined at that time.

Our intent is to make you aware of any new offerings as soon they become available and to act as your partner to help guide you through this.

Small Business Emergency EIDL Advance

 The CARES Act included $10 billion in funding to provide advance emergency grants of $10,000 to small businesses and nonprofits that also apply for a SBA economic injury disaster loan. These emergency grants will be provided to applicants within three days of applying for the loan.

You must apply for an EIDL loan in order to qualify for an advance. If you have already applied and been declined, approved, or have not yet heard about your EIDL application, you must re-apply using the streamlined SBA EIDL application.

Paycheck Protection Program (PPP) Loans

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses that maintain their payroll during this emergency. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.

Payroll tax credit

A payroll tax credit for wages paid by businesses that fully or partially close due to Coronavirus.  Terms include:

  • A credit against 50% of payroll taxes on qualified wages per quarter (the employer share of Social Security taxes) for any quarter in which the business is fully or partially suspended or in which there was a significant revenue decline in 2020
  • The credit is refundable
  • For businesses with more than 100 employees, only wages for employees that are not still working are eligible
  • Credit only applies to a max of $10K per employee
  • Wages for any employee for which the credit applies may not exceed wages the employee received in the 30 day period previous.
  • Businesses receiving other EIDL or Paycheck Protection Loans would not be eligible.
Eligible businesses:
  • Any business that partially or fully closed during the Coronavirus crisis or that experiences significant revenue declines due to the virus.
  • Self-employed individuals that similarly qualify

Payroll tax deferral

The Payroll Tax Deferral program allows businesses to a deferral for payroll taxes owed in 2020. Half would be payable in December 2021 and the other half in December 2022. Businesses receiving other EIDL or Paycheck Protection Loans would not be eligible. 

*Other provisions

For borrowers who already had SBA 7A loans in place before COVID-19, $17 billion is allocated to have SBA step in and make six months of principal and interest payments for all SBA backed business loans.

Your Business Resiliency Toolkit


Learn ways to make your business more resilient to change.


Manage your cash flow over the next 30, 60, and 90 days. Download this tool here.


If you are requesting the assistance of one of our consultants to complete the EIDL loan application process, please follow the instructions here. Your consultant will ask you to share the completed forms with him/her.


New grants are being offered daily.  Click here for latest offerings.


Our consultants are available to answer questions and assist you with your EIDL application. If you need assistance or information on the loan program, please contact us by filling out the form or calling 303.460.1032. Please provide your name, email address and phone number and one of our consultants will call you within 24 hours to answer your questions.

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Additional Grants & Funding

El Pomar Foundation – Assistance to Nonprofits  

El Pomar Foundation announced the establishment of the Colorado Assistance Fund (CAF). CAF is a $1 million fund offering immediate aid to nonprofit organizations supporting Colorado communities, organizations and individuals affected by the recent outbreak of COVID-19.

Facebook Small Business Grants Program

Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where they operate. Sign up to hear more details as they become available.

Verizon Small Business Recovery Fund

Accessing Federal Funds

As you consider applying for the different federal funding sources available for Colorado businesses, the following information can help you make the best choices for your situation:

1) Federal funds carry program-specific restrictions and it’s important to know and protect your options. Review each program thoroughly. Your approval and acceptance of a loan from one federal program may cause you to be fully or partially ineligible for other sources of federal funding.

2) Different federal funding such as loans and grants from multiple agencies will roll out at different times, so it’s important to consider the timing of the funding source.

3) Federal economic disaster recovery loans are accessible right now for qualified businesses; however, no federal economic disaster recovery grants have been announced. Unfortunately, for businesses seeking immediate help, there is no way to predict which future federal tools – including grants – may be employed as COVID continues to impact the US economy. This can place businesses in the challenging position of weighing an immediate federal tool against the possibility of future programs that may or may not be offered, with requirements yet to be determined.

We are committed to sharing news of all new economic recovery resources (both state and federal) as they become available and are here to be your guide through this challenging time.

The Denver Metro SBDC does not process SBA Economic Injury Disaster Loans.  
You must apply directly through the U.S. Small Business Administration.
The SBDC is available to assist small businesses with the application process, if you need it.

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