COVID-19 Business
Resources Hub

Economic Resilience Strategy

As presented to City Council on April 21, 2020 the Business Response Team (BRT) has created a resilience strategy that takes a three-pronged approach supporting Longmont’s business community. This strategy was drafted based on the survey responses from the first two BRT surveys, response to resources made available to-date, conversations with representatives of the business community, and the collective expertise of the team. 

Capital

From loss of revenue to cash preservation and raising capital, financial resources are of most pressing an immediate need for Longmont’s business. The capital strategy focuses on supporting both the cash conservation and capital infusion needs of our business community.

Communication

Most survey respondents have said they want communication, communication, communication! We are compiling and coordinating communication across multiple channels to help ease inboxes and get important information into the world. Explore for up-to-date information about programs and regulations.

Education

Longmont’s business owners recognize that getting back to business does not mean business as usual. From e-commerce to work-from-home technology and navigating the use of federal resources, we know businesses need access to the right resource to help them adapt to the “new normal.”

Capital

Apply for a Federal Financing

SBA Economic Injury Disaster Loans (EIDL) and Paycheck Protection Program loans are available again beginning Monday April 27, 2020.

Explore Alternative Funding

There are numerous initiatives providing alternative funding options, including KIVA crowdsourced loans and grants from big companies like Facebook.

Apply for Federal Financing

The funding for SBA Economic Injury Disaster Loans (EIDL) and Paycheck Protection Program (PPP) Loans have been renewed and new funding has been made available starting Monday April 27, 2020.

You can click here to begin your application. For quick access, we would recommend visiting the Colorado SBDC Network’s page here for full information regarding EIDL loans, including webinars on how to fill out the application.

The Boulder County SBDC recommends opening an application today. These loans are offered on a first-come-first-serve basis. They also recommend gathering at least your last two years of financials, taxes, as well as projections.

You can view a list of local lenders offering PPP loans by clicking here. The Response Team recommends discussing with your bank first before going to a new financial lender. 

  • Eligible businesses: All businesses, including charitable non-profits, Veterans organizations, Tribal concerns, sole proprietorships, self-employed individuals, and independent contractors, with 500 or fewer employees, or no greater than the number of employees set by the SBA as the size standard for certain industries
  • Maximum loan amount up to $10 million or 2.5x average payroll cost, whichever is less.
  • Loan forgiveness if proceeds used for payroll costs and other designated business operating expenses [mortgage/rent, utilities] in the 8 weeks following the date of loan origination (due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs)
  • All loans under this program will have the following identical features:
    • Interest rate of 1.0%
    • Maturity of 2 years
    • First payment deferred for six months
    • 100% guarantee by SBA
    • No collateral
    • No personal guarantees
    • No borrower or lender fees payable to SBA
View a sample application by clicking here.

We would recommend visiting with your local bank about this program before selecting another lender. You can always schedule a consulting session with the Boulder SBDC to help with the application process by clicking here.

Looking for information on additional federal financing programs including SBA Express Bridge Loans and Payroll Tax Credits? Please visit the Colorado SBDC COVID resource page by clicking here »

Explore Alternative Funding

View a comprehensive list of available resources to Colorado companies by clicking here to access a spreadsheet put together by Colorado’s Office of Economic Development and International Trade.

Alternative Loan Programs
  • Colorado Lending Source has partnered with Kiva to create new 0% interest, $0 fee loans through the Kiva platform for US small businesses. Learn more by clicking here ». If you have any specific questions, you can reach out to Rachael Sall (rsall@coloradolendingsource.org), who is the Kiva Hub Capital Access Manager.

 

Communication

Boulder County is on Safer at Home

Boulder County is aligned with the state orders for Safer at Home and allowing for curbside pickup for retailers. You can read more guidance by clicking the button below.

Colorado is transitioning to
Safer-at-Home

Everyone is still encouraged to stay at home. Critical businesses are open and non-critical businesses are operating with restrictions.

Get Your Questions Answered

Multiple organizations can help answer your questions about public health orders, business resources, and more.

See below!

General Updates

Each person within Boulder County, except as specifically exempted below, must wear a Face Covering whenever they are outside their residence and unable to maintain, or when not maintaining, social distance of at least 6 feet from any non-household members. These requirements supplement and are in addition to any social distancing orders.

Exceptions

A Face Covering is not required for:

  • A person alone in a single, fully enclosed room in any commercial or retail setting if others outside of that person’s household are not present and the public does not regularly visit the room. Individuals working alone must put on a Face Covering when:
    • Coworkers are 6 feet or closer to them
    • When being visited by a client/customer
    • Anywhere members of the public or other coworkers are regularly present
  • Any person whose health would be inhibited by wearing a Face Covering. If an employee’s health would be inhibited by wearing a Face Covering while at work, they must document those concerns with their employer.
  • Any child aged twelve years or younger.
    • Parents and caregivers must supervise use of Face Coverings by children to avoid misuse.
    • Children under age three should not wear a Face Covering because of the risk of suffocation.
  • First responders if they need to respond to an immediate threat. This order does not pre-empt CDPHE Order 20-26 which requires first responders to wear Face Coverings.

Read more here »

Access the Center for Disease Control’s hub about COVID-19 by clicking here »

For quick access:

  • Review the CDC’s recommendations for business and employers by clicking here »
  • Read the CDC’s guidelines for cleaning and disinfecting spaces by clicking here »
  • Review Boulder County’s information and guidelines for COVID-19 by clicking here »

The Colorado Health Emergency Leave with Pay Rules (“Colorado HELP” 7 CCR 1103-10) requires up to four days of paid sick for employees being tested for coronavirus COVID-19 in select industries which include: leisure and hospitality; food services; child care; education, including transportation, food service, and related work at educational establishments; home health, if working with elderly, disabled, ill, or otherwise high-risk individuals and; nursing homes and community living facilities.

Further information on these new rules from the Colorado Department of Labor and Employment are accessible here »

The March 11, 2020 Press Release regarding these rules is accessible here »

There are ongoing closures and facility updates. To receive the most up-to-date information, please visit the City of Longmont’s news feed and subscribe for eNotifications to get updates as they are released.

Announced: “In order to help Longmont’s residents care for themselves and their families, the City will not disconnect a customer’s utility [both residential and commercial] services until further notice. We are also suspending any additional fees for outstanding parking tickets. In addition, NextLight will provide qualifying families with two free months of NextLight service and an option to then continue service at $14.95/month.*  To learn more about this program, please call 303-651-8386.

*For new customers only that participate in a public assistance program. Service may not be available in all areas.”

Many services are still available through Code Enforcement, Development, and Planning. Please check the City’s updated website regarding the availability of services.

Get Your Questions Answered

I need guidance about re-opening my business in accordance with public health requirements.

Please review the guidelines Boulder County has provided here regarding the stay-at-home order. You can call their main line at 303-441-1100. If you are not located in Boulder County, please review the guidelines from the Governor and CPHE provided here, which includes sector-specific guidelines and recommendations.  

I need help with my EIDL or PPP application.

Reach out to the Boulder SBDC and schedule virtual consulting by clicking here »

I’m looking for help with funding options for my business.

The Small Business Navigator can direct you to resources and answer questions about COVID-19 specific funding. Hours are Monday through Friday from 8:00 a.m. to 5:00 p.m.

Hotline: (303) 860-5881
Email: oedit_sbnavigator@state.co.us

I need help navigating unemployment.

Answering questions about unemployment insurance for your workers during these times? Further information is available on the Colorado Department of Labor & Employment website here »

You can also access additional information about Unemployment Insurance and the Colorado Department of Labor and Employment by clicking here »

Workforce Boulder County offices will be closed until further notice. During this time they would like to offer alternate ways of contacting them.

General Questions
Call Center: 720-776-0822
workforce@bouldercounty.org

Business Customers: wfbiz@bouldercounty.org

Veterans: Contact Daniel Savage, M.S.Regional Veterans Employment Representative, at 720-595-1232

GED Learning Lab/Young Adult Resources: gedinfo@bouldercounty.org

Financial & Homeownership Education
Carla Farias-Sabalo (Spanish): 720-926-7599 cfarias-sabalo@bouldercounty.org
Marcia Zipkin (English): 720-527-0270 mzipkin@bouldercounty.org

You can also visit Workforce Boulder County’s website for more resources: www.wfbc.org

Education

Watch the Webinars

Boulder County SBDC and other organizations have been running webinars on a variety of topics to help sustain your business. Watch them below.

Join Regional Call

Every Friday, regional SBDCs are hosting calls to help answer your questions and provide additional resources. Read below for more details.

Watch the Webinars

Webinar 1: Financial Health (March 25)
Webinar 2: Defensive Marketing (April 1)
Webinar 3: The Big Picture (April 8)
Webinar 4: Alternative Funding (April 22)
Webinar 5: Negotiating Commercial Leases (April 23)

Join Regional Call

The economic impact of COVID-19 on Colorado businesses is widespread. The challenge is complex as are some tools available to help. There are many state and federal economic tools and technical assistance designed to help Colorado businesses, nonprofits and independent contractors through the interruption of economic activities. We understand that this is an uncertain time and it is difficult to stay informed and get answers to your most pressing questions.

To help share accurate and timely economic news throughout our state, the Colorado Office of Economic Development and International Trade has partnered with Startup Colorado and the Small Business Development Center Network to host weekly Friday resource calls.

Northeast Region (Boulder County and Weld County): Fridays at 3pm

Prepared by the Advance Longmont Business Response Team

Rigid Bits

“Longmont has been my home off and on since I moved to Colorado more than 12 years ago. I fell in love with the community and in 2015 decided to make it my permanent home. Because of the strong ties with the community, there was no question when I founded Rigid Bits in 2017 that it is where we would set our roots down. As an added bonus, NextLight is the fastest internet service provider in the country, which is a great fit for us.

Rigid Bits provides cybersecurity services to businesses nationwide, providing valuable insight to prevent attacks and respond immediately to cybersecurity events. Since 2017, we have supported 70 businesses across 17 states and a variety of industries. We have experienced 300% year-over-year growth with no signs of slowing down. Our plans are to continue to expand Rigid Bits’ services to support businesses in all industries with their cybersecurity needs, changing the way we work as the industry and threats change. As our growth continues, we will bring on new employees and just last month moved into larger office space in Longmont in preparation for our future”.

– Jeff Oden, Founder