Resources for Coronavirus (COVID-19) Response

GJEP is committed to helping our local business community navigate the unique short- and long-term challenges you may be facing as a result of the COVID-19 outbreak. Our economic development partners, local and state organizations are working together to provide resources that will mitigate the impacts of the coronavirus. We have compiled a list of business resources below, which we will continue to update with new information.

We are open! The GJEP offices at 122 N. 6th Street are open Monday-Friday, adhering to health and safety provisions in accordance with state and county guidelines. 

Latest News

  • “SAFER-AT-HOME” PHASE 2 INCLUDES ADDITIONAL VARIANCES FOR MESA COUNTY:  As of May 24, Mesa County has entered phase 2 of our reopening post-pandemic. Phase 2 allows any business to reopen at 50% capacity (max 175 people) after application to Mesa County Public Health. In addition, restrictions have been eased on personal recreation and gatherings up to 50 people following social distancing guidelines are now permitted. To view our county-specific guidelines and file a business application, visit: https://health.mesacounty.us/reopen/

  • GRAND JUNCTION ANNOUNCES REVOLVING LOAN FUND: The City of Grand Junction has established the Grand Junction Business Stabilization and Recovery Fund to support businesses impacted by COVID-19. Loans will be equal to the lesser of 50% of two-months of “Approved Uses,” or $7,500 maximum. The fund will be administered as a revolving loan fund. Loans may be forgivable subject to approval and performance by the borrower on the terms and conditions that follow.  Visit the Business Incubator page to learn more about the fund and how to apply.

  • APPLY FOR PPP LOAN FORGIVENESS: The U.S. Small Business Administration has released the much-anticipated application and instructions for how Paycheck Protection Program borrowers can see their loans forgiven. View the application form and more information here.

Health Care Updates and General Information

Business Resources

  • Energize Colorado: https://energizecolorado.com/
    • A nonprofit bringing Colorado’s diverse professional community together to provide relief to local small businesses, supporting them in recovering from the economic impact of COVID-19. The site is a frequently updated one-stop-shop for COVID-19 small business response.
  • Hello Alice COVID-19 Business Resource Center: https://www.covid19businesscenter.com/
    • A “one-stop-shop” updated daily, with real-world funding, resources, and support for small business owners adapting to the impacts of coronavirus.
  • SMBs Survival Guide by FinImpact: https://www.finimpact.com/covid-19-coronavirus-smbs/
    • 8 financial tools for small businesses to combat COVID-19

Financial Support

  • Sales Tax Deferral for Grand Junction Businesses: http://www.gjcity.org/city-government/financial-operations/sales-use-and-lodging-taxes/
    • On March 23, the City of Grand Junction declared a State of Emergency in order to stimulate the economy and support local business. All Grand Junction-based businesses may defer local sales taxes for February until July 31. Businesses who have already paid February local sales taxes may apply for a rebate. In order to take advantage of the deferral/rebate, businesses must fill out a form by April 20. The form and more information can be found on the City website.
  • Grand Junction Business Stabilization and Recovery Fund: https://gjincubator.org/gj-business-recovery-fund/
    • The Grand Junction Business Stabilization and Recovery Fund was established by the City of Grand Junction to support businesses impacted by COVID-19. Loans will be equal to the lesser of 50% of two-months of “Approved Uses”, or $7,500 maximum. The fund will be administered as a revolving loan fund. Loans may be forgivable subject to approval and performance by the borrower on the terms and conditions that follow.
  •  Coronavirus Aid, Relief, and Economic Security Act (CARES Act) –  The CARES Act passed on March 23 allows for increases to the SBA 7(a) Loan and SBA Express Loan programs. Loans convert to grants if SMBs use the money to maintain employees, and may also be used to rehire staff. The programs can be accessed through local and national, SBA-approved lenders. The U.S. Chamber provides a simplified guide to the CARES Act here: https://www.uschamber.com/co/start/strategy/cares-act-small-business-guide 
  • U.S. Small Business Administration Small Business Guidance & Loan Resources:  https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources 
    • The SBA will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan (EIDL) program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. For additional information, you can directly contact the SBA disaster assistance customer service center at 1-800-659-2955 or e-mail disastercustomerservice@sba.gov.
    • The SBA has a resource for identifying SBA approved lenders for submitting SBA loan applications through – read the fact sheet.
    • Already received a PPP loan? Apply for loan forgiveness here.
  • Differentiating Between the Payroll Protection Program (PPP) and Economic Industry Disaster Loans (EIDLs) – a one-pager
    • Businesses may apply for both programs as long as they are not using the funds to cover the same expenses. See more information in the PDF.
  • Funding Sources for Colorado Businesses via the Office of Economic Development and International Trade
    • This list is divided by industries and counties, and is continuously updated by OEDIT.
  • Colorado Lending Source Small Business Emergency Loanshttps://www.coloradolendingsource.org/articles/small-business-emergency-loans
    • Specifically targeting small businesses in rural parts of Colorado (per USDA definition), Colorado Lending Source has made loan funds available for businesses impacted by the COVID-19 pandemic. Financing is available at a fixed interest rate over twenty-four months (two years) with no payments of principal and interest due during the first six months of the loan.
  • U.S. Bank Customer Payment Deferrals Existing US Bank SBA borrowers/businesses impacted by COVID-19 will be considered for a payment deferral program. Please provide the loan number, hardship reason and borrower contact information. A US Bank serving officer will call the borrower directly to discuss the scenario.
  • Save Small Business Fund – https://savesmallbusiness.com/
    • $5,000 grants from the U.S. Chamber of Commerce to businesses impacted by COVID-19 in certain zip codes (Mesa County zips apply) that employ between 3-20 people.
  • Kiva Microloanshttps://www.kiva.org/borrow
    • Colorado Lending Source has partnered with Kiva to become their newest hub and offer an innovative microloan product. Partnering with Kiva means CLS is able to extend 0% interest small business loans, up to $15,000. In response to COVID-19, Kiva loans will also have access to expanded eligibility terms and grace periods up to 6 months for greater financing flexibility during this difficult time. Contact Rachael Sall (rsall@coloradolendingsource.org) for more details.
  • Wefunder Coronavirus Crisis Loan Program – https://wefunder.com/loans
    • Wefunder, an equity crowdfunding platform, is providing loans of $20k to $1M with payments deferred until 2021.
  • Colorado Enterprise Fundcall 303-860-0242 or email info@coloradoenterprisefund.org
    • Colorado Enterprise fund  has been providing  loans and financing options for small businesses since 1976. Please see their website for their programs including their Just in time Line of credit loan ($15,000 to $100,000) and their Great Asset Partner (GAP) loan ($1,000 to $500,000)
  • Greenline Emergency Microloan Program download the fact sheet
    • This emergency microloan program is specifically designed to support minority-, women- and veteran-owned small businesses throughout Colorado. Up to $25,000 with no interest for the first six months, followed by a 2% interest rate. The loans can be coupled with PPP and other SBA loan programs.
  • COVID-19 Finance Assistance Networkhttps://covid19financehelp.splashthat.com/
    • Receive pro bono financial advice from a group of experienced CFOs, controllers and other finance professionals volunteering their time to help small businesses navigate through the crisis.

Preparing for a Crisis

Human Resources

B2B Peer Support and Education:

Community

Facilities Closures and Community Updates

Ways to Help 

  • Colorado COVID Relief Fund: https://secure.donationpay.org/milehighunitedway/colorado-covid-relief-fund.php?fbclid=IwAR3ltUieiD5wjnzTEYP5lFBj8_EjWHP_zKMepQyA7hVQHaQBHccqyc75_KY
    • The goal of the fund is to raise and distribute funds to support unmet needs of the communities and agencies impacted by COVID-19 in response and recovery — separate and apart from government relief efforts. Government efforts will be expansive, but there will be unmet needs in this community. Dollars donated from this community will only be deployed here — not in other areas of the state.
  • Help Colorado Now: https://covrn.com/ 
    • Gov. Polis has launched Help Colorado Now to coordinate volunteer efforts across the state. The program needs volunteers — especially those who are current or retired health care professionals — to help at-risk individuals all across the state with a wide variety of support including health care assistance, mental wellness support, food bank distribution, child care services, and more. Non-profits and other organizations in need can also utilize this program to be matched with volunteers.
  • Donate Blood: www.vitalant.org 
    • Blood banks are reporting a sharp drop in donations, attributed to fears about contracting COVID-19. Donating blood is a safe process and people should not be concerned about giving or receiving blood during this challenging time. Visit the site for information on blood drives and donation centers.
  • Shop Local: https://whosopencolorado.com/
    • Small businesses across the state are suffering the economic impact of the current crisis. Help sustain our small business community by shopping local. The Grand Junction Chamber has a convenient “Take Out Tool Kit” where you can find local food services, and Who’s Open in Colorado lists all types of small businesses throughout the state that are staying open through the pandemic.

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