With four days left to apply, there’s still $126 billion available to small businesses that could benefit from a forgivable loan, or at least a low-interest one, to recover from the havoc of shutdowns during the coronavirus pandemic. But are there any more businesses that want one? It’s been crickets at many Colorado banks and […]
ANB Bank
Posted inBusiness, COVID, News, Politics and Government
Federal coronavirus loans slow as Colorado businesses wonder if they’ll actually be forgiven
The $49,000 small business loan was Linda Jones’ for the taking. But ultimately, the owner of Area Rent-Alls in Westminster abandoned the loan, which could have been forgiven if it was primarily used to pay employees. It certainly would have offset lost revenue as office and construction equipment rentals slowed during the coronavirus stay-at-home measures. […]
Posted inBusiness, COVID, News
Small businesses in Colorado’s high country say the federal coronavirus stimulus has left them empty handed
As two major federal programs dedicated to helping small businesses dried up on Thursday, many Colorado entrepreneurs weren’t sure what had happened to the help they were told was on the way. Bob Starekow, who runs Silverheels Bar & Grill and Kemosabe Sushi & Sake in Frisco, applied to both the Paycheck Protection Program and […]
Posted inBusiness, COVID, News
Forgivable federal “paycheck” loans expand to self-employed after frustrating start for Colorado small businesses
A week after banks — well, some banks — began taking applications from small businesses for loans that could ultimately be 100% forgiven, they’re gearing up for a new type of applicant on Friday: independent contractors. The in-demand Paycheck Protection Program, courtesy of the $2 trillion federal stimulus plan known as the CARES Act, has […]
Posted inBusiness, COVID, News
Keep your workers, the loan is forgiven: How Colorado banks are coordinating a massive coronavirus lifeline
As coronavirus cases in Colorado’s mountain communities reached 50, Karen Hoskin made the difficult decision to temporarily close the tasting room of Montanya Distillers. She gave the affected workers two weeks pay and hoped to reassess soon. That was more than two weeks ago. Hoskin, who founded the Crested Butte rum maker in 2008, is […]