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City of Fort Collins Small Business Assistance Program Expands Criteria, Invites More Businesses That Have Been Affected by COVID-19 to Apply

Released on Friday, September 25, 2020
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FORT COLLINS, CO – The City of Fort Collins is launching expanded criteria for the Small Business Assistance Program, as well as a new criteria specifically for single employee businesses. The Small Business Assistance Program is a $1.6M financial assistance program through Coronavirus Relief Federal funds to provide relief to businesses and nonprofits that have been affected by the COVID-19 pandemic. The initial phase of the program closed on Wednesday, September 23, 2020. The next phase of the program, which will include a change in criteria to the existing program and an expansion of the program to include single employee businesses, will launch Wednesday, September 30, 2020 and will close on Wednesday, October 7, 2020 at 5:00 p.m.

The expanded eligibility criteria will allow businesses & nonprofits to apply for up to $6,000 if they have:

  • Previously received over $50,000 from other COVID-related grant and loan programs (these entities were previously ineligible)
  • 2-20 *full-time employees (including the owner)
  • Physically located within the City of Fort Collins boundaries
  • Gross revenue under $2M
  • In operation since July 1, 2019
  • Active sales tax license
  • No unpaid code enforcement liens
  • Verifiable loss of income
  • Lawful presence

The new expansion program will allow businesses & nonprofits to apply for up to $3,000 if they have:

  • 1 employee (including the owner)
  • Physically located within the City of Fort Collins boundaries
  • Gross revenue between $50,000 and $2M
  • In operation since July 1, 2019
  • Active sales tax license
  • No unpaid code enforcement liens
  • Verifiable loss of income
  • Lawful presence

Businesses who meet the criteria for either segments can apply at fcogv.com/business.

This assistance will not have to be repaid. There will be two separate applications, one for the expanded criteria and one for single employee organizations, that will open September 30 at fcgov.com/business through October 7.

The applications will be also be available in Spanish.

*Full-Time Equivalents (FTE) may be calculated using the total of part-time employee (PTE) hours divided by 2,080 to convert PTE into FTE.