Apply – January 2021 – Greeley Area Business Recovery Fund

Greeley Area Recovery Fund Application

We are currently experiencing a second wave of COVID-19 impact, and this has been hardest felt by our local businesses. This fund has been activated again to give targeted relief to Greeley businesses.

This fund was originally created to support Greeley businesses to provide immediate relief and bridge the gap during the first critical weeks of the pandemic, while businesses were waiting to apply for funding that would be made available from federal, state, and other private sources. This initial work proved critical to offset the impacts that ran deep from COVID-19 at the start of the pandemic. The Greeley Area Recovery Fund, through business & marketing grants, provided over 160 grants to local businesses between April and August when they needed it most.

The Greeley Area Chamber of Commerce partnered with the City of Greeley, the City of Evans, and Upstate Colorado Economic Development to create the Greeley Area Business Recovery Fund, a unique partnership that has proven the Greeley Area cares for its business community and will be there through the recovery.

This fund has re-invented itself time and again to benefit our business community. The latest launch includes dollars from the State of Colorado with the small business relief program advocated for by the Greeley Area Chamber of Commerce. As of January 25, 2021, the Small Business Relief Program is open to all city of Greeley businesses.

Eligible Small Businesses in Greeley Can Apply for a Relief Payment

Applications for the Small Business Relief Program for Greeley will be available Monday, January 25, 2021 through Monday, February 8, 2021.

These one-time relief payments, authorized by Senate Bill 20B-001, are available to locally owned small businesses that have been impacted by COVID-19 restrictions including restaurants, bars, breweries, wineries, distilleries, fitness clubs, caterers, and movie theaters.

Greeley businesses that are currently operating, and have a reduced revenue of at least 20% due to capacity restrictions from public health orders, may be eligible for funding.

Businesses with less than $500,000 in revenue (2019) may receive up to $3,500.
Businesses with revenue between $500,000 and $1 million (2019) may receive up to $5,000.
Businesses with revenue between $1 million and $2.5 million (2019) may receive a payment up to $7,000.

Eligibility Requirements

Business is in one of the eligible industries identified in State Bill 20B-001 and can provide current State license verifying good standing and legal operation in Colorado.
Business headquarters located in and is doing business in the City of Greeley.
Business must have at least 20% revenue loss since March 26, 2020 (except businesses that began operations between Jan 1 and March 26, 2020).
Businesses must have less than $2.5M in revenue for 2019 and 2020 calendar year.
Business must have at least one full-time employee except for sole proprietorship.
Began operating before March 26, 2020.
Business must be in compliance with public health orders.

Ineligibility

Businesses outside the City of Greeley.
Businesses whose regular ongoing operations started after March 26, 2020.
Corporate-Owned franchises and/or publicly traded companies.
Businesses with outstanding local tax liabilities or tax liens as of July 1, 2020, or currently in bankruptcy (Corporate or Personal).
Businesses that do not intend to continue operating in the State for at least six months after receipt of funding.
Businesses operating in violation of any State, Federal, or local laws.
Nonprofit organizations.

Application Process

Applications will be accepted Monday, January 25, 2021 through Monday, February 8, 2021. Greeley businesses are encouraged to apply as soon as possible. The window for applications is very short, and follow-up materials may be requested after application submittal to ensure businesses have met eligibility requirements.

Please submit your SBR application to the hub geographically closest to your business. However, there is no wrong door to submit your application.

All qualified businesses that submit an accurate and complete application will receive a relief grant. Award amounts will depend on the total number of qualified businesses and funding available. Funding decisions will be made on or around February 8, 2021. Relief grants will be issued by February 12, 2021.

Who Can Help Me With Other Questions?

The Greeley Area Chamber of Commerce, please call 970-352-3566. You can direct other questions to info@greeleyarearecoveryfund.com.

What happens if I don’t have all the required documentation on the application?

We need all of the required documentation that is asked for, if you do not have this documentation, your application cannot be submitted. If you need help navigating this process, please direct your questions to info@greeleyarearecoveryfund.com (Financial information should not be submitted outside the secure application on the website).

Those individuals close to the process, both in administration and evaluation will remain strictly confidential and have signed non-disclosure agreements. Your application and its contents are also completely secured and confidential for both you as the applicant and for the evaluating committee. The site is also completely secure, please see that question on the FAQs.

*The Frequently Asked Questions (FAQ) page provided is to help you navigate through the process of applying to the Greeley Area Recovery Fund. Any information on the formal Application takes precedence over the FAQ document.

This site leverages https/ssl and AES 256 encryption to safeguard and protect your data in transit and while stored. Additionally, all donation payments are securely submitted and processed through Authorize.net.