SBA No Longer Taking PPP and EIDL Applications The U.S. Small Business Administration (SBA) has run out of appropriated funding for both the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program. “SBA is unable to accept new applications at this time for the PPP or the EIDL COVID-19-related assistance program (including EIDL Advances) based on available appropriations funding,” … Read Post
There’s no denying it – COVID-19 has impacted all of us. But underlying all these changes are the values that make Colorado unique – these values helped us build the strongest economy in the nation and these values will help us get through this crisis as well. In Colorado, we work together. We’ve seen businesses pivoting from making ski gear or … Read Post
PPP Loans Open Today to Self-Employed Individuals and Independent Contractors Independent contractors and individuals who are self-employed can begin applying for the Paycheck Protection Program (PPP) today. Small businesses and sole proprietors began applying a week ago. PPP provides potentially forgivable loans in amounts to cover 2.5 months of payroll or $10 million (whichever is less). To apply, … Read Post
Denver Metro Chamber to Offer Unemployment Insurance Webinar Thursday Unemployment claims are on the rise and many Coloradans are at risk of being unemployed for some period of time as a result of COVID-19. Join us to learn what policy changes have been made to support our workforce on the federal and state levels, what resources are available … Read Post
Many of our Chamber members in the food and beverage industry remain open for business in a variety of ways. Please reach out to them for your next meal or to buy a gift card for a friend. 10 Barrel Brewing A Spice of Life Catering Services Argonaut Wine & Liquor Store, Inc. Benny’s Restaurant … Read Post
SBA Releases Official Details of Paycheck Protection Program The U.S. Small Business Administration (SBA) released the official rule for the $349 billion Paycheck Protection Program (PPP), including the formula for calculating loan amounts and what the loan can cover. Small businesses and sole proprietors can begin applying for the federal loans through their lenders today. Independent contractors and … Read Post
Lenders Can Start Accepting Paycheck Protection Loan Applications from Small Businesses on Friday On Friday, small businesses and sole proprietors can begin working with their lenders to submit loan applications for the federal Paycheck Protection Program (PPP). Independent contractors and self-employers can begin submitting applications April 10. PPP is part of the federal CARES Act enacted last week. It provides potentially forgivable loans in … Read Post
