COVID-19 and Small Businesses
The Town’s Economic Development staff has been coordinating with regional and local economic development partners and financial institutions on a strategy and resources to help support small businesses throughout Erie.
Contact Economic Development
Economic Development Specialist
Economic Development Director
Small Business Support
Phase 1 Business Outreach
Businesses please fill out this survey! We know businesses throughout Erie are impacted by COVID-19 in many different ways. The help available through the Federal CARES Act and other assistance at the State, regional and local level, are designed to help support the unique needs of each business. The Town is working with the Erie Chamber & Erie Economic Development Council to market the survey and make sure we connect businesses to service providers.
Phase 2 Funding Preparation
This Funding Checklist will be included in the email blast to registered businesses in Erie. Applying for the CARES Act funds will require most if not all of the items on this checklist. Being prepared with this information prior to the application process will ensure a faster response.
Phase 3 Evaluation of Gaps in Aid
Once survey responses are in, we will work with Colorado Lending Source and local finance partners to determine if there are gaps in aid that don’t meet the critical needs of local businesses or if there are ways we can expedite processes or increase access to funding for Erie businesses. If there are other viable strategies to fill gaps at the local level, Economic Development staff will recommend those to the Board of Trustees.
In the meantime here is a Support Local Businesses bingo, which gives you a lots of ways to support local businesses while we wade through this storm. We appreciate the support of all our economic development partners. If you have any questions or concerns regarding your business or accessing aid please email Town staff at firstname.lastname@example.org.
- East Colorado SBDC Small Business Consulting and SBA loan application assistance Contact: Jesse Esparza (720) 837-0416
- Colorado Lending Source – Low interest small business loans Contact: Marie Peters (303) 657-0010
- Verizon Small Business Recovery Fund
- Xcel Energy - Reviewing commercial/industrial customer accounts on a case-by-case basis. Contact: 800-895-4999
- State of Colorado COVID-19 Business Resource Center
- Economic Development Council of Colorado COVID-19 Resource Page
- State of Colorado Unemployment Insurance Benefits Information Page
- State of Colorado Unemployment Home Page for Application
- State of Colorado Guidance on Alternatives to Laying Off Employees
- Colorado Office of the Attorney General – protecting oneself from COVID-19 related scams - https://coag.gov/coronavirus/
- You can report scammers at 800-222-4444 or www.StopFraudColorado.gov
- Colorado Department of Regulatory Agencies – updated for licensed industries regulated by DORA https://www.colorado.gov/pacific/dora/covid-19-updates-licensees-and-consumers
- Colorado Chamber of Commerce – business resource page for COVID-19 https://cochamber.com/2020/03/27/a-business-leaders-guide-to-effective-covid-19-crisis-communications/
- SBA Disaster Loan Assistance
https://disasterloan.sba.gov/ela/ For additional information, please contact the SBA disaster
assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail
- US Chamber guide and checklist for SBA loan- https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final.pdf
- Center for Disease Control & Prevention – proper procedures and guidance to staying healthy https://www.cdc.gov/coronavirus/2019-ncov/index.html
- World Health Organization – COVID-19 situational reports https://www.who.int/emergencies/diseases/novel-coronavirus-2019/situation-reports/
- Complete the Economic Injury worksheet and submit to the appropriate contact. For Weld County
Please email the worksheet to Cecilia Moreno at email@example.com and cc: Lora Lawrence at firstname.lastname@example.org. For Boulder County email the Office of Economic Development and International Trade.
- Colorado Restaurant Association COVID-19 Resources
- Bartender Emergency Assistance Program COVID-19
- Manufacturer’s Edge - Manufacturer’s business resource page from - https://www.manufacturersedge.com/covid-19-updates-and-resources-for-manufacturers/
- Employment Services of Weld County
- Weld County COVID-19 Updates
- Employment Services Boulder County https://www.bouldercounty.org/departments/community-services/workforce-boulder-county/
- Boulder County COVID-19 Updates https://www.bouldercounty.org/families/disease/covid-19/
Local Financial Partners
Senior Vice President
Customer Relief Program
We recognize COVID-19 is causing serious financial hardships for many individuals, families, and businesses. As a result, we are extending financial flexibility for customers who have been impacted.
For all FirstBank customers directly or indirectly impacted by COVID-19:
Upon request, you have the ability to defer up to three payments on the following types of loans:
- Residential mortgage loans
- Home equity installment loans
- Consumer installment loans
For assistance with your loan, please call us at 1-833-962-1506 or email us at MortgageService@efirstbank.com.
Business Relief Program
If your business is experiencing a hardship, or for other loan related inquiries, please reach out to your local Loan Officer (above) or call our Customer Service Team at 1-800-964-3444, option 0, for assistance.
To assist commercial borrowers impacted by COVID-19, FirstBank is allowing borrowers, upon request, to defer payments on amortizing commercial loans for up to three months as well.
FirstBank is a preferred SBA lender and is working on the procedures needed to offer the CARES Act Paycheck Protection Program (PPP) loans to our clients, as we are eager to help them. If you are a current FirstBank business customer interested in applying for one of these loans, please contact your local Loan Officer (above).
Additional assistance available to certain customers:
If you are taking unpaid time off due to quarantine related to COVID-19, and your employer does not offer paid leave in these circumstances, additional assistance is available by calling 1-800-964-3444, option 0. FirstBank is offering:
Fee Refunds: Fees such as Non-Sufficient Fund (NSF) fees, Visa card fees, early withdrawal penalties, etc., will be waived or refunded for impacted customers. If related to their quarantine situation, customers may also be able to avoid transactional fees for bank offerings such as wires, cashier’s checks or money orders.
Zero Percent Interest Rates**: We will reduce interest rates on credit cards to a 0% annual percentage rate (APR) and cash reserves to .001% for a one month period, as long as you contact us prior to April 15, 2020 to request the lowered rate. At the end of the one month period, interest rates will return to FirstBank’s standard rate in effect at that time. As of March 19, 2020, the APR is 16.65% for personal credit cards and the APR for personal cash reserves with balances less than $10,000 is 14.15%. Impacted customers, who do not currently have a credit card or cash reserve, can apply and will be provided the same offer, provided they meet the bank’s credit requirements.
First National Bank
Senior Relationship Manager
Doing what’s right for our customers and community is always our top priority and remains so during these unprecedented circumstances. We have financial relief and product options available for customers that have been impacted by COVID-19.
Click here to view our recent relief guide PDF Download which provides a number of resources and instructions for requesting support. FNB has added the ability to request support directly through our website which will hopefully make submitting a request easy for our businesses in the area.
Heidi and her team at the Erie Branch can also take requests/questions through the branch if that is the clients preferred means of contact. All of our bankers are prepared to assist and inquiries can be directed to our Main line 720-566-6100.
- Refunds on overdraft fees, late fees, non-sufficient funds fees and balance-related monthly maintenance fees
- Payment deferrals
- Providing solutions that can help with short term needs on current or new products
- Potential refunds on overdraft fees, late fees, non-sufficient funds fees and balance-related monthly maintenance fees
- Potential payment deferrals
- Additional credit and assistance accessing various local, state and federal assistance programs, including options available through the Small Business Administration
Great Western Bank
How we can help
Doing what’s right for our customers continues to be our top priority. We have implemented relief options for existing customers facing unanticipated financial hardships as a result of COVID-19.
Existing consumer loan, credit card and mortgage customers may be eligible for a temporary deferral of their loan payments for up to 90 days and have any late fees waived. To request relief, simply call your branch to speak with a banker. Additional relief may be available on an individualized basis, depending on your circumstances.
Existing commercial and agri-business customers may also be eligible for debt relief and new loan programs as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act recently passed by Congress.