Colorado Enterprise Fund
What’s Working: Gig companies want workers back and are paying bonuses in Colorado
Plus: Where to find a job in Colorado, how the unemployed are getting IDme’s attention, and why small businesses shouldn’t wait to apply for another Paycheck Protection loan.
Colorado’s smallest small businesses can now get larger federal coronavirus loans
Many sole proprietors opted for unemployment last year. This time around, even tiny businesses that lost money are eligible for larger Payroll Protection Program loans.
Updated federal coronavirus loan program offers more relief, but not all Colorado businesses are eligible
The new congressional coronavirus relief bill now allows small businesses to deduct expenses paid for by forgivable Paycheck Protection Program loan funds and other federal grants
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
What’s Working: “Lost wages” gets a new deadline, overpayment forgiveness, small business updates and more
Do the 70,000 to 80,000 folks eligible for “Lost Wages” not want their $300-$1,800? Plus, the latest on small business loans, housing help and the new unemployment portal.
A mission-minded loan source that doesn’t care if you’re a startup with no experience, revenues or credit
CDFIs, like Colorado Enterprise Fund, provide underserved communities with capital when banks say no. The niche is attracting investors seeking impact, including Google and Netflix
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
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