Blog

Business Protection Summit & Resource Day

Thursday, September 25, 2014
In today's complex environment, business face a diverse range of perils. Beyond the headline-grabbing catastrophic wildfires, common events such as mechanical breakdowns, supplier disruptions and changes in staffing can also threaten the success of any organization.

This event, hosted by the Colorado SBDC Network, Downtown Colorado, Inc and the Town of Lyons, will have four interactive, expert panels throughout the day; one-on-one consulting, a resource fair featuring federal, state and local resources; and a happy hour networking event to discuss lessons learned and best practices among businesses.


Free money for businesses affected by September’s Floods

Saturday, May 03, 2014

If your business was recently affected by the floods last year, then you may be qualified for a grant by the Small Business Administration. So the question is how do I sign up? There are a few steps that you need to take in order to qualify. Before we jump into how to apply let’s talk eligibility. 

  • Your business must be located within a declared disaster area. Not sure if you are in this area? Click here to find a list of the declared areas.
  • You must meet the definition of Small Business as defined by the SBA at 13 CFR Part 121. View SBA Small Business Standards.
  • Your business is in good standing with the Colorado Secretary of State.
  • You must have at least $10,000 in uncompensated economic loss after applying to insurance company and to the Small Business Administration for disaster recovery physical damage and/or Economic Injury Disaster Loans (EIDL).
  • Economic loss could come in the form of reduced revenues, damaged or destroyed equipment or inventory or other loss factors. 
  • You must have been in existence and had indications of profitability before the flood.
  • You must have at least $25,000 in projected annualized revenue but less than $1 million in liquid assets.
  • Grants will be reimbursement-based but the proceeds can be used for any legitimate business expense except deconstruction or reconstruction. 
  • Additional requirements may apply. 
If you are interested in applying for these funds the application period for round one will last for 45 days. You can submit an application to the centralized location per instructions on the Dola website or on the Colorado SBDC website to get help in compiling additional information require for your application per the checklist

Submit all the required information to the SBDC for review within three weeks of the end of the application period or you will lose your priority in the distribution line. The funds are first come first serve. The SBDC will help you submit this information on to a centralized review location. Click here to register as an SBDC client and schedule an appointment.

Flood Relief Grant Application Checklist

Thursday, May 01, 2014
Are you in the process of completing the grant application for the businesses that were affected by last September’s floods? Today we have a checklist that will help you along the way to ensure you have all the materials, but first let’s review what you will need to have in place when meeting with your SBDC consultant.

You will need to bring the following documents with you when you visit with your SBDC Business Representative on this application. If you have been in business less than three years you will need to bring what you have of the following documents:
  • Three years Personal Financial Statements
  • Three years of Business Balance Statements 
  • Three years of Business Profit and Loss Statements
  • Three years of Personal Tax Returns
  • Three years of Business Tax Returns
  • List of business employees and their wages
  • Business Plan if available
To view the checklist in full, view the Application Requirements Checklist.