When Valerie and Cesar Beltran decided to open Beltran’s Meat Market & Grill in Northglenn four years ago, they thought their past experience of running their own meat market in New Mexico and then a Front Range tortilla factory was enough to make them creditworthy. But as opening day approached, the couple realized they needed […]
loans
Posted inBusiness, COVID, News, Politics and Government
Here’s the latest look at which Colorado businesses received Paycheck Protection Program loans — and how much they got
The number of Colorado companies approved for forgivable loans of up to $10 million declined in the six weeks that the federal Paycheck Protection Program loans were extended to drum up more interest among small businesses. Gone are the two Snappy Nails & Spa salons in Broomfield and Westminster after its owner said the loans […]
Posted inOpinion, Opinion Columns
Opinion: Colorado’s overlooked but mighty small businesses still have time to grab a lifeline
Working for one of Colorado’s oldest family foundations, we heard panic from our community lending partners almost immediately as the COVID-19 pandemic began forcing closures: The smallest local businesses — the ones without bankers on speed dial, many nonprofits and those owned by minorities, women, veterans, immigrants — were falling through the cracks. These businesses […]
Posted inBusiness, News, Politics and Government
Will federal coronavirus paycheck loans actually be forgiven?
On April 14, about a month after filing for bankruptcy, Mountain States Rosen was approved for a federal loan for an amount between $2 million and $5 million. The Greeley lamb processor was among more than 105,000 small businesses in Colorado approved for the Paycheck Protection Program, which offered 100% forgiveness on the loan if […]
Posted inBusiness, COVID, News, Politics and Government
5 charts showing where federal coronavirus loans went in Colorado, which industries benefited the most
More than 104,000 Colorado small businesses received $10.4 billion in federal Paycheck Protection Program loans to help tide them over during the coronavirus. The U.S. Small Business Administration, which oversaw the $660 billion federal relief program, released the data on approved loans, and The Colorado Sun spent time crunching the numbers to find out more […]
Posted inBusiness, News, Politics and Government
Here’s a list of every Colorado business that received a Paycheck Protection Program loan
Colorado small businesses found some financial relief during the coronavirus pandemic thanks to the $600 billion in federal stimulus loans known as the Paycheck Protection Program. Approximately 104,402 of them were approved for a total of $10.4 billion. And now we know who and how much. In Colorado, the loans helped keep about 900,000 people […]
Posted inEducation, News
Colorado federal student aid applications dip during the coronavirus pandemic
By Jason Gonzales, Chalkbeat Colorado This story was originally published by Chalkbeat, a nonprofit news organization covering public education. Sign up for their newsletters here: ckbe.at/newsletters Getting students to apply for the Free Application for Federal Student Aid was a problem for Colorado before the pandemic. For those that work with students to get them […]
Posted inBusiness, COVID, News
With days left to apply for a Paycheck loan, there’s still more than $126 billion available to small businesses
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 […]
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
Colorado small businesses that missed first round of federal coronavirus relief anxiously queue up again
By the time The Bluegrass Lounge in Arvada was allowed to apply for one of those potentially forgivable pandemic loans through its regular bank, the $349 billion federal program was nearly depleted. The fund ran out of money two days later, without Bluegrass Lounge getting very far. On Monday, the restaurant tried again, but this […]