The States of Colorado and New Mexico have developed comprehensive guides to assist small businesses and community groups through the COVID era. Below are summaries of the resources provided, as well as links to the state pages, which are updated frequently. 

Funding Opportunities:

  • Paycheck Protection Program (PPP) Forgivable Payroll Loans

  • Economic Injury Disaster Loan

  • Energize Colorado Gap Find

  • Colorado Loans to Increase Main-street Business Economic Recovery (Climber) Fund

  • Express Bridge Loans

  • SBA Debt Relief

  • *Alternative Sources of Funding*

  • Main Street Lending Program

Other Assistance for Businesses & Nonprofits

  • Reopening Guidance

  • Legal Assistance

  • Eviction Assistance

  • Layoff Assistance

  • Tax Deferrals

  • Industry-Specific Resources

Assistance for Workers and Families

  • Unemployment

  • Rental Assistance

  • Federal Student Loans

News/Communication

For the latest news, please review the Governor’s press releases. The Colorado Department of Public Health and the Environment developed a covid19.colorado.gov website that houses all of their communications and the latest information regarding Colorado’s response. The Governor’s Council on Economic Stabilization and Growth develops strategies to put people back to work and get Colorado’s economy moving again.

Small Business Recovery Loan Fund:

The Small Business Recovery Act of 2020 allocates $400 million in funds from the New Mexico State Severance Tax Fund to provide loans to New Mexico businesses and nonprofits that have experienced financial hardship due to the public health order resulting from the COVID-19 pandemic.

Eligibility:

  • A New Mexico business or nonprofit corporation organized under Section 501(c)3 or 501(c)6 that has closed or reduced operations due to the public health order, and

  • Had annual gross revenue of less than $5 million as determined by its 2019 federal income tax return or Form 990, and

  • Experienced a 30% decline in monthly gross receipts or monthly revenue in April and May of 2020 as compared to the same months in 2019

    The Fund is managed by the New Mexico Finance Authority.  For more information and to apply click on this link.

Federal Assistance - Small Business Administration (SBA):

The SBA offer s a wide variety of programs to help your business achieve its goals.  Begin here.

  • Apply with a participating SBA 7a lender. See if your current lender is participating in this program.  

Have questions or need help applying to these SBA programs?  The SBDC can help you navigate these programs, find lenders, and apply. Access information and locate service providers HERE. Additionally, the SBDC is hosting daily trainings on these programs HERE.

Other State Programs:

  • The NM Small Business Investment Council has identified several partners offering loan programs.

  • If you are a larger organization which employs more than 40 employees, you may be eligible for the New Mexico Recovery Fund.

Grant Opportunities: