Helping businesses statewide respond to the current health crisis

COVID 19: Business Preparedness & Continuity

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Recovery & Resiliency

The Pikes Peak SBDC and Colorado SBDC Network is here to help businesses who have been affected by recent disasters in Colorado including response to the current health crisis. Our consultants and partners including the Small Business Administration (SBA) and the Colorado Office of Economic Development and International Trade (OEDIT) provide services to assist with disaster loan applications, long term planning, insurance navigation, physical and economic loss estimations, business preparedness and more. To find your local SBDC’s resources, click here.

NOTE: You have the ability to wait to accept a product or grant after you apply and are approved. Depending on your situation, a prudent action might be to apply to multiple products, then weigh options, and make informed decisions, as additional details become available. 

American Rescue Plan - SBA Updates

Current Business Guidelines

Read the Press Release

Read the Press Release

Pikes Peak Region - Resources

  • Since August of 1980, Better Business Bureau of Southern Colorado has helped consumers find businesses, brands, and charities they can trust serving 25 counties throughout Southern Colorado. COVID-19, the disease caused by the novel coronavirus, is affecting people, businesses and communities around the world. Better Business Bureau reminds everyone to remain vigilant to avoid scams related to the virus, use necessary, common sense precautions when traveling, and find reliable sources to stay informed about what to do as the virus spreads. Visit your local BBB of Southern Colorado Website at

    The BBB recently published its 2020 BBB Scam Tracker Risk Report, focused on the rise of online scams during the COVID-19 pandemic. Download the report ».
  • The City of Colorado Springs will continue to provide essential government services while also implementing select modified operations to comply with orders and public health recommendations related to COVID-19. Those temporary changes are detailed on this site.
  • Colorado Springs Planning and Community Development Department is accepting applications for temporary use and revocable permits to expand dining areas to the following areas o The City Clerk’s office, in compliance with the Colorado State Liquor License Enforcement Division recent rule change, is implementing an expedited local process for the restaurant to modify their liquor licensed premises to temporarily serve alcohol in an expanded dining service area.
  • The Colorado Springs & EDC has advocacy, informational, and technical economic development services for the Pikes Peak Region business community. The Chamber & EDC has information on state and local resources and is coordinating efforts with community partners to bring relief to businesses and recovery plans for business re-entry and long-term recovery.
  • Downtown Colorado Springs shops and restaurants are taking extensive, diligent measures to provide a clean, safe and welcoming environment for customers. Downtown businesses remain open, and continue to provide a positive, safe and welcoming experience. Visit this site for #shoplocal ideas to support your downtown businesses and ALL businesses in the Pikes Peak Region.
  • The El Paso County Public Health department is keeping the public up to date on the latest via their website. Stay informed as small business owner and help stop the spread of rumors to reduce anxiety!
  • A list of businesses, that are open, closed, by appointment and open for delivery or pickup
  • The Emergency Relief Fund for Non-Profits in El Paso and Teller County has been activated. Visit this site for more information.
  • The Pikes Peak Workforce Center is keeping tabs on any local, state, and federal resources to assist small businesses and their employees if they see themselves out of a job or without pay due to business economic loss or a quarantine. It’s a good time to utilize the workforce center for any upskilling of your current employees to other job duties as necessary. Contact the Business Relations Group at 719.667.3814 or
  • The Pikes Peak SBDC provides a team of experts to provide free business consulting in financials, business continuity plans, marketing, legal, HR and numerous areas of support for your emergency plans.
  • COVID-19: Resources and Travel Recommendations

Federal Financing Options

Updated: 3/17/2021
The PPP deadline has been extended from March 31 – May 31. Read more here.
The PPP program is open to all participating lenders. Find eligible lenders in Colorado here.  If your lender is not listed, check in with them either way. 
Review this list of participating Colorado Community Development Financial Institutions.
EIDL Advances are not to reduce PPP forgiveness. Please ask your lender to ask or indicate on the PPP platform for SBA reconciliation payment if you have already received a decision! 
To help guide you through the process, the following links provide detailed information for each corresponding element of the federal stimulus:


SBA defers EIDL payments until 2022. Read more here.

  • For all SBA disaster loans made in 2020, the first payment due date is 24 months, extended from 12 months, from the date of the note.
  • For all SBA disaster loans made in 2021, the first payment due date is 18 months, extended from 12 months, from the date of the note.
  • The SBA also granted an additional 12-month deferment of principal and interest payments for existing disaster loans approved prior to 2020 that were in regular servicing status as of March 1, 2020.

Section 31: Targeted EIDL Advance for Small Business Continuity, Adaptation, and Resiliency

  • Provides additional targeted funding for eligible entities located in low-income communities through the
    EIDL Advance program from Section 1110 of the CARES Act
  • Makes entities in low-income communities that received an EIDL Advance under Section 1110 of the
    CARES Act eligible to receive an amount equal to the difference of what the entity received under the
    CARES Act and $10,000.
  • Provides $10,000 grants to eligible applicants in low-income communities that did not secure grants
    because funding had run out
  • Targeted EIDL Advance Mapping Tool

Section 32: Emergency EIDL Grants.

  • Extends covered period for Emergency EIDL grants through December 31, 2021.
  • Allows more flexibility for the SBA to verify that Emergency EIDL grant applicants have submitted accurate
  • Extends time for SBA to approve and disburse Emergency EIDL grants from 3 to 21 days.

Section 33: Repeal of EIDL Advance Deduction.

  • Repeals section 1110(e)(6) of the CARES Act, which requires PPP borrowers to deduct the amount of their EIDL advance from their PPP forgiveness amount.
  • Establishes the Sense of Congress that EIDL Advance borrowers should be made whole without regard to
    whether those borrowers are eligible for PPP forgiveness.
  • The Administrator shall issue rules that ensure borrowers are made whole if they received forgiveness
    and their EIDL was deducted from that amount.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
Paper loan applications can be downloaded from Completed applications should be mailed to:
U.S. Small Business Administration
Processing and Disbursement Center
14925 Kingsport Road
Fort Worth, TX 76155
Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339) for the deaf and hard-of-hearing) or by sending an email to
To check the status of your application, please visit this link here

To check the status of your application please either call 800-659-2955 (800-877-8339) for the deaf and hard-of-hearing) or by sending an email to

Updated: 3/19/21 @ 1:14 PM

The Shuttered Venue Operators Grant (SVOG) program portal will be launched on April 8th.

The SVOG program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance.

Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.

Visit the new SVOG splash page here!

Click here for the most up to date information from the SBA.


Express Bridge Loan (EBL) 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.


EBL loans can only be made by SBA Express Lenders that had a valid Supplemental Loan Guaranty Agreement SBA Express Program (SBA Form 2424) in effect as of the date of the applicable disaster.


Eligible small businesses are those that were located, as of the date of the applicable disaster, in the Primary Counties that have been Presidentially-declared as disaster areas, plus any Contiguous Counties. The small business must have been operational when the declared disaster commenced, and must meet all other 7(a) loan eligibility requirements.




  • 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.


  • Temporarily enhances the terms of the 7(a) loan program by increasing the loan guarantee to 90 percent and
    offering reduced or no fees for the borrower and the lender. Additionally, it would temporarily increase the
    7(a) express loan limit and loan guarantee to provide access to needed working capital.
  • Temporarily eliminates fees for the 504 loan program and favorable terms for refinancing loans.
  • Increases the aggregate loan limit for microloan intermediaries in order to ensure intermediaries have
    increased capacity to make loans to underserved and underbanked borrowers.
  • Extends the Small Business Debt Relief program, Section 1112 of the CARES Act, which would defer
    payments of principal and interest on new and existing SBA 7(a), 504, and Microloan programs for eligible
      • Stay tuned for final details include assistance to underserved borrowers.
  •  Other Disaster Loans – deferred payments extended to March 2021.
  • Available for all 7a loans (including Community Advantage Loans) loan except Paycheck Protection Loans
  • The SBA shall pay all principal and interest on existing 7a, 504 and microloans made before this act was passed that are not on deferment for 6 months starting with the next payment
  • For deferred loans, the SBA payments start after the deferment period ends
  • Lenders may extend the maturity for loans by one year even beyond normal statutory max when deferment occurs
  • NOTE: This is for borrowers who already had 7a loans in place before COVID-19
  • Available for all existing 7a, 504 and microloans (including Community Advantage Loans) loan except Paycheck Protection Loans
  • This is for borrowers who already had SBA loans in place before COVID-19
  • Does not apply to new 7a loans made after this act was passed which are covered by EIDL Loans or Paycheck Protection Loans
  • Businesses that engage in activities not legal under federal law (Marijuana)

For current SBA Serviced Disaster (Home and Business) Loans: If your disaster loan was in “regular servicing” status on March 1, 2020, the SBA is providing automatic deferments through December 31, 2020.


What does an “automatic deferral” mean to borrowers?


  • Interest will continue to accrue on the loan.
  • 1201 monthly payment notices will continue to be mailed out which will reflect the loan is deferred and no payment is due.
  • The deferment will NOT cancel any established Preauthorized Debit (PAD) or recurring payments on your loan. Borrowers that have established a PAD through Pay.Gov or an OnLine Bill Pay Service are responsible for canceling these recurring payments. Borrowers that had SBA establish a PAD through will have to contact their SBA servicing office to cancel the PAD.
  • Borrowers preferring to continue making regular payments during the deferment period may continue remitting payments during the deferment period. SBA will apply those payments normally as if there was no deferment.
  • After this automatic deferment period, borrowers will be required to resume making regular principal and interest payments. Borrowers that cancelled recurring payments will need to reestablish the recurring payment.


If you have questions about your current loan and whether or not your loan is automatically deferred, please contact your Loan Servicing Office directly using the following information:

Birmingham Disaster Loan Servicing Center
Phone: 800-736-6048

El Paso Disaster Loan Servicing Center
Phone: 800-487-6019

A payroll tax credit for wages paid by businesses that fully or partially close due to Coronavirus. The Federal Government is working diligently on developing the application process for these loans and we will let individuals know that information when it is released and applications are open.

  • 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.
  • 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


1.       American Rescue Plan tax credits available to small employers to provide paid leave to employees receiving COVID-19 vaccines

2.       Safe harbor for small businesses to claim deductions relating to first-round Paycheck Protection Program loans

3.       Guidance: Businesses can temporarily deduct 100% of restaurant food or beverage expenses

4.       Filing season: Errors; Interest and penalties; Overlooked refunds; Premium Tax Credit; Recovery Rebate Credit

5.       Economic Impact Payments from the American Rescue Plan

6.       20-year Exam veteran selected as new Office of Promoter Investigations acting director

7.       A Closer Look: Impacting the Tax Gap

1.  American Rescue Plan tax credits available to small employers to provide paid leave to employees receiving COVID-19 vaccines

The Internal Revenue Service and the Treasury Department announced further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving COVID-19 vaccinations.

The additional details, provided in a fact sheet released today, spell out some basic facts about the employers eligible for the tax credits.

Self-employed individuals may claim comparable credits.

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2.  Safe harbor for small businesses to claim deductions relating to first-round Paycheck Protection Program loans

The Treasury Department and IRS issued Revenue Procedure 2021-20 for certain businesses that received first-round Paycheck Protection Program loans but did not deduct any of the original eligible expenses because they relied on guidance issued before the enactment of tax relief legislation in December of 2020.

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3.  Guidance: Businesses can temporarily deduct 100% of restaurant food or beverage expenses

The Treasury Department and the IRS issued Notice 2021-25, providing guidance under the Taxpayer Certainty and Disaster Relief Act of 2020.

Beginning January 1, 2021, through December 31, 2022, businesses can claim 100 percent of their food or beverage expenses paid to restaurants as long as the business owner (or an employee of the business) is present when food or beverages are provided and the expense is not lavish or extravagant under the circumstances.

See the IRS food and beverage deduction news release for details, including purchases from restaurants for off-premises consumption.

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4.  Filing season: Errors; Interest and penalties; Overlooked refunds; Premium Tax Credit; Recovery Rebate Credit

Find useful information about the following topics:

· Steer clear of typical tax return errors that could delay refunds or otherwise affect normal processing as the May 17 filing deadline nears

· Video offers tips on Avoiding Interest and Penalty Charges by filing and paying the amount due on time

· IRS Free File can help people who have no filing requirement find overlooked tax credits and get a refund

· IRS suspends requirement to repay excess advance payments of the 2020 Premium Tax Credit

· IRS letters explain why some 2020 Recovery Rebate Credits are different than expected

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5.  Economic Impact Payments from the American Rescue Plan

Updates and more about Economic Impact Payments under the American Rescue Plan:

· The IRS, Treasury, and Bureau of the Fiscal Service announced they are disbursing nearly two million payments in the sixth batch of Economic Impact Payments from the American Rescue Plan, bringing the total so far to approximately 161 million payments, with a total value of more than $379 billion, since these payments began rolling out to Americans in batches as announced on March 12

· Those experiencing homelessness can get Economic Impact Payments and other tax benefits; permanent address not required

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6.  20-year Exam veteran selected as new Office of Promoter Investigations acting director

As part of the continued and increased focus on compliance issues, the IRS announced Lois Deitrich, a 20-year veteran of the agency, will be the acting director for the new Office of Promoter Investigations.

“By establishing the Office of Promoter Investigations, we are continuing our increased focus on promoters of abusive tax avoidance transactions, which we have demonstrated over the last year,” said IRS Commissioner Chuck Rettig.

Lois will serve as the principal advisor and consultant to IRS division commissioners and deputy commissioners on issues involving promoters of abusive transactions and the schemes they peddle.

The new office will further expand on the efforts of the Promoter Investigations Coordinator that began last summer. Prior to the creation of the new office, the IRS also realigned field examination employees who work on promoter investigations.

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7.  A Closer Look: Impacting the Tax Gap

In the latest issue of A Closer Look, Commissioner Chuck Retting discusses how the IRS is working to reduce the Tax Gap. The Tax Gap represents, in dollar terms, an estimate of the annual amount of noncompliance with tax law.

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COVID-19 Resources

  • The Small Business Navigator is the first point of contact for new and existing business owners with questions about federal, state and local licensing requirements. The navigator also provides referrals to a variety of state and federal assistance programs and local small business training. In addition, the navigator maintains a comprehensive database of federal, state and local regulatory and permitting requirements. SMALL BUSINESS COVID-19 DISASTER RESPONSE HOTLINE: 303-860-5881 ((OPEN MONDAY-FRIDAY 8AM-5PM))
  • The Colorado SBDC Networking is regularly hosting webinars to guide you through the COVID-19 emergency response and preparedness.
  • Visit this website for the latest information for employers and workers. Website links include information on: - Paid Sick Leave for COVID-19 - Workplace Preparedness - Information from the Division of Federal Employees Compensation (DFEC)
  • The Colorado Department of Public Health and Environment is a great resource to keep up on the latest throughout the state of Colorado.
  • The resources at provide state and federal COVID-19 announcements, programs, and information relevant to Colorado businesses.
  • USDA Rural Development has taken a number of immediate actions to help rural residents, businesses and communities affected by the COVID-19 outbreak. Rural Development will keep our customers, partners, and stakeholders continuously updated as more actions are taken to better serve rural America.
  • Below is a list of resources that are generally available to Colorado tenants who may be struggling to pay some of their rent amid Coronavirus. The organizations are broken down by state, state nonprofit, county and city resources. The organizations in the list below are not affiliated with the Colorado Apartment Association or any of its subsidiaries.
  • The Colorado Legislature and Governor Polis have passed Senate Bill 20B-002 authorizing an additional $54 million in housing assistance for people economically impacted by the COVID-19 pandemic.
  • Executive Order D 2020 017 “Ordering Coloradans To Stay at Home Due to the Presence of COVID-19 in the State,” and the corresponding Public Health Order 20-24 Amended Public Health Order 20-24 Implementing Stay at Home Requirements (PHO 20-24) exempt critical businesses. Please see PHO 20- 24 for the complete and current list of authorized businesses that are exempt.
  • Now is the moment for us to come together to support our state and buy local food, groceries and goods. Colorado Proud has put together the following list of Colorado farmers, ranchers, retailers, chefs, restaurants, and food and beverage manufacturers providing food, products and services direct to consumers.
  • There’s a ton of information coming your way as a small business owner, and the information you just read will most likely change tomorrow. Trust us, we get it, and we’re here to help. Every Friday, you can access the latest information and resources directly from the top, in one 60-minute call, on a consistent weekly basis. Calls are organized by region so that you can get the latest information relevant to your business and area of operation.
  • Philanthropy Colorado has been working to connect funders across the state and ensure the sector has the most up-to-date information about nonprofit needs, relief funds and resources.

Business Interruption insurance normally covers the replacement of lost income when operations are halted during a natural disaster such as a fire. It covers operating expenses, a move to a temporary location, payroll, taxes and loan payments. The Coronavirus pandemic is uncharted territory and until we know more about what insurances companies should cover, here are some steps to advocate for yourself:

1. Ask your agent to file a claim with the carrier even if they tell you that your business is not covered.
2. When you receive the declination document, write a letter to the carrier and tell them why you are disputing the declination (be specific)
3. If declined again, connect with an independent insurance specialist and see if the next step should be to file a request for help with the Colorado Division of Insurance at

If your business is facing eviction, reach out to the Colorado Department of Regulatory Agencies (DORA) for assistance. Learn more about DORA’s efforts. If you need legal support, the Justice Center is offering free legal aid for businesses affected by COVID-19 on Wednesday nights.

Applications Now Open for 2021 Pikes Peak Small Business COVID-19 Relief Program

This new grant program, created from state funding, is intended to provide additional financial support to businesses hardest hit by the pandemic.
The state has identified that this program will prioritize restaurants, bars (including breweries, wineries, and distilleries), caterers, movie theatres, gyms, and recreation centers. To qualify, businesses in those categories must have experienced at least a 20 percent reduction in revenue due to the COVID-19 pandemic since March 26, 2020. Grant awards will be a maximum of $7,000 each.
Applications for the program are due by Friday, January 29. For more information on eligibility requirements and application information, please visit the program website here:

Alternative Funding Resources Spreadsheet

The Colorado Office of Economic Development and International Trade (OEDIT) is hosing an extensive list of different funding options for small businesses.

The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer’s share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes. Learn More from the IRS.

Trade and travel advisories are developed by the US Customs and Border Patrol.

Industry-Specific Resources

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