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Colorado Bankers Association

Colorado Bankers Association
Colorado Bankers Association

New form isn’t the “blanket forgiveness” some Colorado businesses hoped for in federal paycheck loan program

Months after the federal Paycheck Protection Program ended, some lenders are still waiting on guidance to forgive Colorado’s 109,170 pandemic relief loans

Business

Cash or card? Coronavirus further shifted society away from currency, toward digital payments

Consumers already favored electronic transactions before the pandemic, but online commerce during the stay-at-home order and early fears of virus transmission accelerated the move

Coronavirus

With days left to apply for a Paycheck loan, there’s still more than $126 billion available to small businesses

More than 101,000 Colorado small businesses received $10.3 billion in forgivable loans, but numbers have stalled even as government made loans and forgiveness easier to get money to small businesses

Business

Paycheck Protection loans still available to Colorado small businesses as changes make them more tolerable

A congressional fix extends the period businesses have to use their money and still have their loans forgiven. It also lets owners use more money on rent and addresses employees who don’t return to work

Business