Small Business Relief Fund
The State of Colorado recently passed State Bill 20B-001, also known as the Small Business Relief Program, appropriating money to counties and municipalities to provide direct relief.
Eligible businesses include restaurants, bars (including a liquor licensed establishment holding one or more licenses under Article 3 Title 44 of the Colorado Liquor Code), breweries, distilleries, wineries, movie theaters, entertainment licensed businesses, caterers, fitness clubs and recreational sports centers.
Information for Windsor businesses located in Larimer County can be found at larimer.org/sbr.
Specific Information for Windsor Businesses in Weld County
Congratulations to our first round of eligible applicants. So far, $83,000 of our total grant allocation has been given to local businesses in need. Remaining funds are still available, and we will be offering a second round of new applicants to apply, including anyone from the first round who wasn’t fully eligible at closing. Applications must be submitted by February 28, 2021. If the number of second round applicants exceeds our remaining allocation, then each eligible applicant may be awarded a smaller percentage of the grant amount. In addition, SB20B-001 has been amended to allow the Small Business Relief Program to include businesses located one-mile beyond town-limits in unincorporated Weld County, as well as those businesses with revenue in excess of $2.5 million in 2019.
Windsor businesses located in Weld County that are currently operating and have a reduced revenue of at least 20% due to capacity restrictions from public health orders, may be eligible for funding. Funding distribution is based on revenue categories defined in the State legislation.
- Businesses with less than $500,000 in revenue (2019) may receive up to $3,500.
- Businesses with revenue between $500,000 and $1 million (2019) may receive up to $5,000.
- Businesses with revenue more than $1 million (2019) may receive a payment up to $7,000.
Additionally, businesses must:
- Hold a current state issued Colorado business license verifying legal operation and be current with city, county and state taxes. Business must be in good standing with the city, county and state and not have any current unpaid code enforcement or utility lien.
- Follow and comply with public health orders.
- Locally-owned independent franchises are eligible.
- Have at least 20% revenue loss since March 26, 2020 (except businesses that began operations between January 1 and March 26, 2020).
- Have at least one full-time employee except for sole proprietorship.
- Businesses must intend to operate in the State of Colorado for at least six months after receipt of funding.
- Meet the eligibility requirements included in Senate Bill 20B-001.
- Current, valid business licenses are required for eligible business.
- 2019 State of Colorado Tax Return or a Colorado Tax Exempt Certificate- If opened between Jan 1, 2020 and March 26, 2020, income statement/receipts for all of 2020 are required.
- Profit Loss Statements for 2019 and 2020 or sales tax receipts verifying monthly gross income from March 2019 through November or December 2020
- Receipt from most recent payment of Unemployment Insurance Payroll Taxes
- A copy of Certificate of Good Standing from the Colorado Secretary of State
- Completed W-9 for your business (signed and dated)
Nonprofits are not eligible for this funding. Businesses are considered ineligible when:
- Regular ongoing operations started after March 26, 2020.
- They are corporate-owned franchises and/or publicly traded companies.
- Located in Windsor and owned or operated by officials or employees of the Town of Windsor.
- There are outstanding local tax liabilities or tax liens as of July 1, 2020, or currently in bankruptcy (Corporate or Personal).
- They are operating in violation of State, Federal, or local laws.