In an effort to help local business we are providing a list of resources that we are aware of here.
On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses.
WASHINGTON, April 13, 2020 – U.S. Secretary of Agriculture Sonny Perdue today unveiled a one-stop-shop of federal programs that can be used by rural communities, organizations and individuals impacted by the COVID-19 pandemic. The COVID-19 Federal Rural Resource Guide (PDF, 349 KB) is a first-of-its-kind resource for rural leaders looking for federal funding and partnership opportunities to help address this pandemic.
Chaffee County Community Foundation
This fund is designed to fill in gaps in public assistance for individuals, families, organizations, and businesses who are being affected adversely by the public health decisions being made to control the spread of COVID-19. In order to ensure local dollars are used only after state and federal resources, CCCF has partnered with the Chaffee Department of Human Services for our application process. If you need help, call them today at (719) 539-6627 or email them at firstname.lastname@example.org. If they cannot help you, they will submit an application on your behalf to the Chaffee County Community Foundation.
State of Colorado COVID Relief Fund
The Colorado COVID Relief Fund’s purpose is to raise and coordinate allocation of funds based on prevention, impact and recovery needs of community-based organizations in Colorado. This Fund is organized to ensure that the most acute community needs across the state are being addressed and that community voice is reflected in all funding decisions made over time.
Paycheck Protection Program
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.
Lenders may begin processing loan applications as soon as April 3, 2020. The Paycheck Protection Program will be available through June 30, 2020.
Chaffee Resources is brought to you by the Chaffee County Health Coalition. Their goal is to make it easy for you to connect with the resources you need to thrive in body, mind, and spirit.
Facebook Small Business Grants Program
Facebook is offering $100M in cash grants and ad credits to help during this challenging time.
Up to 30,000 eligible small businesses in more than 30 countries will be able to receive the grant. To be eligible to apply, you must:
- Have between 2 and 50 employees
- Have been in business for over a year
- Have experienced challenges from COVID-19
- Be in or near a location where Facebook operates