The Energize Colorado Gap Fund will provide more than $25M in small business loans and grants to boost small business enterprises that are the economic engines throughout the state. Sole proprietors, businesses and nonprofits with less than 25 full-time employees can apply for up to a $15,000 grant and a $20,000 loan for a possible combined total of $35,000 in financial assistance.
Applications and awards will be done in rounds to allow us to provide assistance through December 2020. The process will not be first-come-first-serve, it will be a competitive process that will help those in need receive priority access to assistance.
Who is Eligible?
Small Businesses/Enterprises - Colorado sole proprietors and registered small businesses including LLCs, S-Corps and other business types.
Nonprofits - Colorado nonprofits whose mission and/or programs directly support economic development, small businesses, or tourism.
Fewer than 25 employees - Applicants must have fewer than 25 full-time equivalent (FTE) employees. An employer may use its off-season employee count.
Impacted by COVID-19 – Applicants must be able to show the economic hardship their business is facing due to the COVID-19 pandemic. The business’s story of hardship plus documents such as bank records, point of sale receipts, profit and loss statements, or other documents can be used to show economic harm.
More information and details can be found at: https://energizecolorado.com/gap-fund/
Please contact a Reese Henry advisor if you have questions or would like assistance with the Energize Colorado Gap Fund.