Paycheck Protection Program
Many Colorado restaurants have closed. The ones still open aren’t sure how long they can weather coronavirus.
State data shows that even though restaurants have recovered some since April, the industry is still down thousands of jobs. More than 2,500 establishments have shut down since March.
5 charts showing where federal coronavirus loans went in Colorado, which industries benefited the mostBy Tamara Chuang Business Primary category in which blog post is published
Many of Colorado’s rural hospitals are the community’s top employer and the only provider for hundreds of miles
$1 loans? $10 million for a nail salon? Colorado’s federal coronavirus loan data has some eye-popping errors
As the federal Paycheck Protection Program heads into the forgiveness phase, Colorado companies are preparing to prove funds were used to save jobs
At least 95 businesses, including Good Times and Peak 8 Properties, were approved for forgivable loans between $5 million to $10 million, the greatest possible amount
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
McConnell, a Kentucky Republican, made the announcement on Thursday afternoon
Counties fear being left behind as Colorado begins granting variances to its coronavirus safer-at-home order
Eager to help businesses survive and salvage their tattered economies, about half of Colorado’s counties have applied to ease their COVID-19 restrictions and allow for things like in-person dining at restaurants. Most have not been approved.
With rules being updated frequently, there’s a growing range of interpretations to that basic guideline — and it’s scaring the small businesses that need the money the most
The funds will help rural facilities keep their doors open amid the coronavirus crisis, but it’s unclear how far the money will stretch