Deadline Approaching for Eligible Small Businesses to Apply for Relief Funds

News Highlights: Deadline Approaching for Eligible Small Businesses to Apply for Relief Funds.

Larimer County encourages eligible small businesses to apply for relief funds by Wednesday, January 27, to be eligible for the funds.

The county has received a formal allocation of $ 2,203,110 from the Colorado Department of Local Affairs to distribute aid funds to help eligible small businesses affected by the COVID-19 pandemic. Small businesses in Larimer County affected by the restrictions related to the pandemic could qualify for a one-time emergency payment program for their business.

Small businesses affected include restaurants, bars, breweries, wineries, distilleries, fitness clubs and recreational sports centers, caterers, and movie theaters. In addition, companies must have a lower turnover of at least 20 percent due to capacity constraints due to public health contracts.

Larimer County companies are encouraged to apply for the program as soon as possible as the deadline is fast approaching. Additional follow-up may be required to verify that eligible companies have met all requirements to receive the funds.

Larimer County has partnered with the City of Fort Collins, the City of Loveland and the City of Estes Park to serve as a ‘Municipal Business Center’ to ensure county-wide access to the program and to sign up for COVID-19 Small Business Relief Support through the Special Session Senate Law 20B-001.

The levels at which the one-off aid payments are determined are as follows:

  • Businesses with sales below $ 500,000 in 2019 may receive up to $ 3,500.
  • Businesses with 2019 sales between $ 500,000 and $ 2.5 million may receive up to $ 5,000.
  • Businesses with 2019 sales of between $ 1 million and $ 2.5 million may receive a payment of up to $ 7,000.

For more information about the Small Business Relief Program, please visit: https://www.larimer.org/ewd/resources-businesses-impacted-covid-19 or call 970-498-6623.

LiveMarket in Northern Colorado

Via: northfortynews.com

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