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City of Fort Collins
Economic Health Office
2020 Small Business Assistance Program – CARES
Deadline  10/7/2020
View Open Programs  |  Show Program SummaryHide Eligibility RequirementsShow Ineligible Businesses/Not-for-ProfitsShow LibraryContact Admin

Eligibility Requirements  [hide this]

To be eligible, a business/not-for-profit must:

  • Have between two and twenty (2-20) employees (including the owner) as of February 29, 2020. 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.  All legal types of businesses/organizations are eligible if they meet all of the criteria listed here;
  • Have gross revenues of less than $2 million per year;
  • Have an annuallized reduction in revenue of 20% or greater;
  • Are physically located in the City of Fort Collins city boundaries in an appropriately zoned location;
  • Have been in operation since July 1, 2019;
  • Have an active City of Fort Collins Sales Tax/Business License.  If you do not currently have a license, you will need to get one to apply for this program.  Please go to https://www.fcgov.com/salestax/ to apply for a license;
  • Must be in good standing with the City and do not have any current unpaid code enforcement or utility liens (Applicant Business is current with property taxes and City fees, or has a payment plan in place with County and/or City as of April 30, 2020.);
  • Are expecting to return to full operations after local and state emergency guidelines during COVID-19 are rescinded
  • Business can verify that it has experienced a loss of income due to COVID-19;
  • Owner has lawful presence in the United States (U.S. citizen, legal permanent resident, or otherwise lawfully present in the U.S.); and
  • Applicant Business is current with property taxes and City fees, or has a payment plan in place with County and/or City as of April 30, 2020.

Evaluation of applications will be focused on:

  • Location – Priority will be given to businesses within an Urban Renewal Plan Areas or Enterprise Zones. Unsure if your business is located in one – check n the Library section for Plan Area maps.
  • Percent of Revenue Decline – Priority will be given to businesses that have sustained greater revenue decline.
  • Gross Annual Revenue – Priority will be given to businesses with annual revenue under $500,000 in 2019.
  • Employee Count – Priority will be given to businesses with 10 or fewer employees.
  • Use of Funds – The proposed use of funds will be evaluated as part of the selection process.
  • Capacity Impacts – Priority will be given to applicants that can demonstrate they have had to reduce their capacity due to a public health order or guideline.
  • Owner’s Household Income – Priority will be given to low-income business owners.



USD$ 0.00 requested
Application Status: Not Submitted

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2020 Small Business Recovery Assistance Summary Pre-Application Application Activity Log

2020 Small Business Recovery Assistance Summary (answers are saved automatically when you move to another field)
Instructions Show/Hide

The City of Fort Collins has established a CARES Small Business Assistance Program in an effort to retain jobs and stabilize local businesses in response to the economic hardships experienced by small businesses resulting from the COVID-19 pandemic.  This Program provides gap financing for businesses that have lost revenue as a result of social distancing and are at-risk of layoff(s) or closure. The Program is funded through the Coronavirus Aid, Relief and Economic Security Act ("C.A.R.E.S. Act").

Eligible expenses for reimbursement under this grant program include:

  • Verifiable economic injury due to COVID-19 public health emergency resulting in revenue loss for the period March 1,2020 to present;
  • If revenue loss is less than requested award amount, proof of the following expenses can be submitted:
    • Rent, lease, or mortgage payment for real property used for business purposes
    • Personal protective equipment
    • Sanitation supplies and equipment necessary to protect employees and customers consistent with national, state, or local guidance
    • Software/Hardware to encourage remote work
    • Costs associated with critical business operations
    • Other similar costs/expenditures to be considered by the selection committee based on need and circumstance

Ineligible expenses for reimbursement under this grant program include:

  • Repayment of existing loans, including Payroll Protection Program (PPP) and Economic Injury Disaster Loans (EIDL);
  • Refinancing existing bank debt or investor loans;
  • Construction and/or infrastructure work.

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