The Energize Colorado Gap Fund will provide more than $25 million as small business loans and grants to help support small business enterprises throughout the state. Sole proprietors, businesses, and nonprofits with less than 25 full-time employees can apply for up to a $15,00 grant and a $20,000 loan for a possible combined total of $35,000 in financial assistance. This is the second round of the Gap Fund and applications are due by October 26.
Image by Micheile Henderson. Courtesy of unsplash.com
Applications and awards will be done in rounds to allow Energize Colorado to provide assistance through December. The process will not be on a first-come basis. It will be a competitive process that will help those in need to receive priority access to assistance.
Applicants must be able to show the economic hardship their business is facing due to COVID-19.
Energize Colorado accepts a variety of documentation that demonstrates an impact. Documents include bank records, point of sale receipts, profit and loss statements, tax filings, and expense reports. Energize Colorado will provide a mentoring program to assist in completing the application.
To access the application, click here. Contact them with any questions at GapFundSupport@energizecolorado.com
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