In addition to welcoming Trey Rogers as the chair of the Denver Metro Chamber, its family of organizations – the Colorado Competitive Council, Denver Metro Chamber Leadership Foundation, Denver Metro Small Business Development Center and the Metro Denver Economic Development Corporation – all welcomed new board leadership. They’re part of our collective work to make … Read Post
We have good news: Halloween won’t be as scary as originally thought for the millions of small businesses that took out Paycheck Protection Program (PPP) loans of $50,000 or less. The U.S. Small Business Administration (SBA) has confirmed that the deadline for PPP loan forgiveness applications is not Oct. 31 as originally expected and will … Read Post
Denver Releases Requirements for Businesses to Reopen Starting Saturday Denver Mayor Michael Hancock announced that businesses can reopen Saturday, but with some detailed requirements to continue social distancing and slow the spread of COVID-19. The rules are in addition to requiring people to wear facemasks in public, an order that went into effect yesterday. The following … Read Post
It doesn’t take a rocket scientist to figure this out (even though we have plenty of them available to ask in Colorado): what an employer needs when there is a Stay-at-Home order and they can’t go into work is access to inexpensive capital to keep the business viable and employees on the payroll. In our … Read Post
SBA Taking PPP Loan Apps Only from Small Lenders This Evening To ensure access to the Paycheck Protection Program (PPP) for the smallest lenders and their small business customers, the U.S. Small Business Administration (SBA) announced it will accept loans only from lending institutions with asset sizes less than $1 billion from 2 p.m. through … Read Post
SBA to Resume Accepting PPP Loans Monday The U.S. Small Business Administration (SBA) will again begin accepting applications for the Paycheck Protection Program (PPP) on Monday at 8:30 a.m. President Trump signed a bill Friday that provides $484 billion in more funding to respond to the COVID-19 pandemic, including $320 billion more for forgivable loans and $60 billion for Economic … Read Post
Congress and White House Reach Deal for Additional Small Business Relief Congress and the Trump administration have come to an agreement on a $484 billion deal that includes $321 billion for the Paycheck Protection Program, $60 billion for economic disaster assistance, $75 billion for hospitals and $25 billion for coronavirus testing. The Senate passed the … Read Post
