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We have 100 expert business Volunteers excited to serve you. 

 

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Coronavirus (COVID-19) SCORE Operations Update - 3/20/20

Workshops

In the wake of recent developments relating to COVID-19, our local workshops have been postponed. We are working on providing some of them via Zoom and if so, it will be noted on our workshop page at https://denver.score.org/content/take-workshop-264

Mentoring

Mentors are available to participate in remote mentoring sessions via phone, email and Zoom. If you already have a SCORE mentor, ask them if you can use a remote mentoring method for your sessions. 

Our downtown office is temporarily closed. You can email score62@scoredenver.org with any questions. 

As of 3/30/20: Welcome to SCORE Denver.  At this time of dealing with the COVID-19 crisis, we are continuing to the assist small business community in any way we can.  As an all-volunteer organization, SCORE Denver isn’t staffed to keep current on all of the financial assistance programs being offered.  However, we are happy to share the information provided by our SBA resource partner, the Small Business Development Center (SBDC).  The information and links below will be of most use to help you answer questions.

 

Federal COVID-19 Stimulus Package

The $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act recently passed by Congress is the largest U.S. stimulus package ever to provide economic relief to businesses and workers affected by the COVID-19 outbreak. The bill offers the following aid for small businesses (those with less than 500 employees), 501(c)3s, sole proprietors and independent contractors. The federal government is currently developing the application process for each:

Small Business Emergency EIDL Grants

Small Business Emergency Grants are direct grants for businesses that apply for but do not qualify for the Economic Injury Disaster Loan (EIDL) program see below).

Paycheck Protection Loans

The legislation allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses that maintain their payroll during this emergency. These loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.

Other Provisions

For borrowers who already had SBA 7A loans in place before COVID-19, $17 billion is allocated to have SBA step in and make six months of principal and interest payments for all SBA-backed business loans.

Payroll Tax Credit

A payroll tax credit for wages paid by businesses that fully or partially close due to Coronavirus.

Payroll Tax Deferral

Allows businesses to a deferral for payroll taxes owed in 2020. Half would be payable in December 2021 and the other half in December 2022. Businesses receiving other EIDL or Paycheck Protection Loans would not be eligible.

LEARN MORE HERE

 

SBA Economic Injury Disaster Loan (EIDL)

Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, nonprofit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the outbreak of COVID-19. These loans are intended to assist through the disaster recovery period.

APPLY HERE

DOWNLOAD FORMS

Express Bridge Loan (EBL) Pilot Program

The Express Bridge Loan (EBL) Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. EBL loans can only be made by SBA Express Lenders that had a valid Supplemental Loan Guaranty Agreement SBA Express Program (SBA Form 2424) in effect as of the date of the applicable disaster.

Terms:

  • Up to $25,000
  • Fast turnaround
  • Will be repaid in full or in part by proceeds from the EIDL Loan.

Find an Express Bridge Loan Lender via SBA's Lender Match Tool or by connecting with SBA Colorado District Office.

LEARN MORE

 

SBA Loan Information in Spanish

Los Préstamos de la Administración de Pequeños Negocios (SBA) por Desastres Económicos YA ESTAN ABIERTOS

Seminario virtual: "Quiero ser Eprendedor" is coming up April 7th, 6PM-8PM.

En Español

Clase en  Español

"SBA EIDL - How to Apply for the Loan" assistance webinars

Join the Aurora-South Metro SBDC for a high-level overview of the SBA application process, tips and tricks and answers to questions, as time allows.

Tuesday, March 31, 3:00-4:00 PM, Wednesday, April 1, 10:30-11:30 AM9:00-10:00 AM on: Tuesdays and Thursdays, April 7, 9, 14 and 16

If you are planning to apply, do this now:

  1. Register at NEW site: https://www.sba.gov/disaster/apply-for-disaster-loan/index.html
  2. If preferred, download printable forms here.
  3. Keep your sign-in and password.
  4. Begin gathering your financial data for the forms.

REGISTER TODAY!

Interested in placing a link to your web site HERE? 

Contact info.denverscore@gmail.com for information on sponsorships. 

                                                 

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Free Mentoring

SCORE Denver's mentors will customize one-on-one confidential mentoring to meet your business needs.  SCORE works with anyone planning to start a business and to those already in business who are looking to improve their performance. Expert advice from proven professionals. Mentoring is free.

Find A Mentor

Local Workshops

SCORE Denver workshops include a broad range of topics for small business owners and aspiring entrepreneurs.  Our workshops provide valuable information and techniques necessary for establishing and managing a successful business.  Some workshops are free, while others have a low nominal charge.

Take A Workshop

Free Resources

We offer a wide variety of documents and templates to assist you in starting or growing your business.  The subjects covered include starting or buying a business, business plans, financing, sales and marketing, operational issues, and administrative requirements.  These valuable resources are FREE.

Browse The Library

Business Check-Up

How Healthy is Your Business? Ask our SCORE Business Check-Up Team to examine and prescribe how to maximize your business. Read more

Speakers Bureau

An experienced and savvy speaker can spark ideas and bring situations alive for any group. Whatever your speaker needs, our Speakers Bureau can deliver. Read more

Help Make Dreams Come True - Become a SCORE Volunteer

Every year, SCORE volunteers help thousands of entrepreneurs start small businesses and achieve new levels of success in their existing businesses. Volunteering at SCORE is a way for you to give back to your community, connect with fellow business owners, and pass on your knowledge and expertise to the next generation of entrepreneurs in your community.

Become A Volunteer