Updates to PPP Prioritize Small Business

The Biden-Harris Administration and the U.S. Small Business Administration (SBA) are taking steps with the Paycheck Protection Program to further promote equitable relief for small businesses. The SBA will implement the following:  

  • Establish a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees 
  • Allow sole proprietors, independent contractors, and self-employed individuals to receive more financial support by revising the PPP’s funding formula for these categories of applicants 
  • Eliminate an exclusionary restriction on PPP access for small business owners with prior non-fraud felony convictions, consistent with a bipartisan congressional proposal 
  • Eliminate PPP access restrictions on small business owners who have struggled to make federal student loan payments by eliminating federal student loan debt delinquency and default as disqualifiers to participating in the PPP; and 
  • Ensure access for non-citizen small business owners who are lawful U.S. residents by clarifying that they may use Individual Taxpayer Identification Number (ITIN) to apply for the PPP. 

The 14-day exclusivity period started on Wednesday, February 24, 2021 at 9:00 a.m., while the other four changes will be implemented by the first week of March.   

Borrowers can apply for the Paycheck Protection Program by downloading the First Draw PPP loan application or Second Draw PPP loan application and working with a participating PPP lender through the SBA Lender Match tool

Get Ready for Tax Season with the Bookkeeping Help Center

In collaboration with the Larimer Small Business Development Center, the Front Range Community College Bookkeeping Program is offering free bookkeeping and QuickBooks Online assistance to entrepreneurs and small business owners.  

If you have questions or would like to schedule an initial appointment, please email Erika Limbacher. 

Fort Collins Startup Sessions

The City of Fort Collins is again a proud sponsor of this year’s Fort Collins Startup Week. Each year Fort Collins Startup Week celebrates entrepreneurship and business education through a series of free sessions and speakers. This year all sessions will be recorded and published virtually. 

New sessions will be released each week – please sign up for the Fort Collins Startup Week Newsletter to be alerted when new sessions are available. 

Watch sessions now

Dine & Donate with Great Plates of Downtown

Dine at one of the 30+ Old Town restaurants participating in Great Plates between March 1 – 14, 2021. Each participating restaurant creates a unique $25 dinner special, not including tax, tip, or donation.  

100% of the donations collected go directly to support the Food Bank for Larimer County. Every $1 donated to the Food Bank for Larimer County is the equivalent of $5 worth of food!  

Northern Colorado’s independent food delivery service Nosh will also be delivering Great Plate meal specials, as well as food bank donation options.  

Things to Know & Upcoming Events
Upcoming Events:
  • Cold Weather Impacts to Utilities Information Sessionhosted by the City of Fort Collins Utilities & Platte River Power Authority. The information session via Zoom will discuss the effects of the cold weather on our utilities – electric and water. Our experts will talk about the demand for energy, the power generation of each supply (coal, natural gas, wind, solar and hydro), and discuss the “call for conservation” to our customers.
    • Date: March 4, 2021 9:00 – 10:00 a.m.  
    • Join Zoom Meeting: https://zoom.us/j/96805645220  
    • Or listen in via phone by calling (346) 248-7799 
  • PIVOT Larimer County Applications Now Open - The Pivot program is a 4-week workshop series. Each session is taught by the College of Business faculty, and helps business owners and managers develop a new path forward for their business.  
    • Upcoming Pivot Jumpstart Cohort 4: 
      • March 26 - April 16, 2021 
      • Friday’s from 12:30pm – 5:00pm 
      • Apply now: csubiz.com/pivot 
  • Business Q&A with Larimer’s Health Department - All businesses are invited to join us on Thursday, March 4, 2021, at 2:00 pm via Zoom. To help make this session as informative and helpful as possible, please submit your questions in advance

      Sign up for weekly updates from the City of Fort Collins Emergency Preparedness and Security COVID-19 newsletter at fcgov.com/eps/coronavirus

      Check out ForFortCollins.com for tools and resources created to help your business reopen safely and strongly while gaining support from loyal customers and community members.

      Economic Health Office
      222 Laporte Ave.
      Fort Collins, CO 80521