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

Lucas Workman
Economic Development Specialist
303-926-2767

Ben Pratt
Economic Development Director

Small Business Support

  1. Phase 1
  2. Phase 2
  3. Phase 3
  4. In the meantime...

Survey - COVID and Small Business Support Opens in new windowPhase 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.

Resources

  1. Local
  2. Colorado
  3. Federal & International
  4. Industry Specific
  5. county
  6. Community Support

Local Financial Partners

  1. 1st Bank
  2. First National Bank
  3. Great Western Bank
  4. CityWide

1st Bank

Adam Ingersoll
Senior Vice President
Adam.Ingersoll@efirstbank.com  
(303) 957-3412 

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.