What Kind of Financial Relief Is There?


AT LEAST A MODICUM OF FINANCIAL RELIEF WILL
BECOME AVAILABLE TO EMPLOYEES AND BUSINESSES IMPACTED BY THE CORONAVIRUS PANDEMIC. BROUGHT
TO YOU BY ALPINE BANK, MEMBER F D I C. YOU’RE WATCHING THE LOCAL NEWS NETWORK. I’M WENDY
GRAHAM SETTLE. WORKERS WHO HAVE HAD THEIR HOURS REDUCED OR WHO HAVE BEEN LAID OFF BECAUSE
OF CORONAVIRUS RELATED CLOSURES ARE ELIGIBLE TO APPLY FOR COLORADO UNEMPLOYMENT INSURANCE.
BOTH PART-TIME AND FULL-TIME EMPLOYEES ARE ELIGIBLE. UNEMPLOYMENT BENEFITS PAY ABOUT
55 PERCENT OF YOUR AVERAGE WAGE OVER A 12-MONTH PERIOD. BENEFITS MAY TAKE FROM TWO TO SIX
WEEKS TO PROCESS. YOU CAN ALSO EARN UNEMPLOYMENT BENEFITS IF YOU’VE BEEN LAID OFF FOR A SET
PERIOD OF TIME AND EXPECT TO GO BACK TO WORK FOR THE SAME EMPLOYER. THE COLORADO DEPARTMENT
OF LABOR AND EMPLOYMENT OFFERS JOB-SHARE ASSISTANCE TO EMPLOYERS WHO WANT TO AVOID LAYING OFF
EMPLOYEES BUT CAN NO LONGER AFFORD TO PAY THEM THEIR WAGES. THE PROGRAM HELPS OFFSET
SOME OF THE DIFFERENCE BETWEEN WHAT THE EMPLOYER CAN PAY AND WHAT THE EMPLOYEE EARNED. THOUSANDS
OF EMPLOYEES IN SOUTHWEST COLORADO LOST THEIR JOBS THIS MONTH WHEN COLORADO GOVERNOR JARED
POLIS CLOSED ALL SKI RESORTS AND THE COLORADO DEPARTMENT OF HEALTH AND ENVIRONMENT CLOSED
ALL BARS, RESTAURANTS, GYMS, THEATERS AND CASINOS TO SLOW THE SPREAD OF COVID-19. YOU
CAN APPLY FOR BENEFITS AT COLORADO U I DOT GOV SLASH FILE A CLAIM.
FINANCIAL RELIEF IS NOW AVAILABLE TO COLORADO BUSINESSES THAT ARE LOSING REVENUE AS A RESULT
OF CORONAVIRUS CLOSURES. GOVERNOR POLIS ANNOUNCED THIS WEEK THAT COLORADO HAS OBTAINED AN S
B A DISASTER DECLARATION AND ELIGIBLE BUSINESS CAN APPLY FOR UP TO TWO MILLION DOLLARS IN
DISASTER RELIEF LOANS. ELIGIBLE BUSINESSES INCLUDE THOSE THAT HAVE BEEN DIRECTLY AFFECTED
BY COVID-19. BUSINESSES THAT OFFER SERVICES DIRECTLY RELATED TO BUSINESSES AFFECTED BY
COVID-19. AND OTHER BUSINESSES THAT HAVE BEEN HARMED BY LOSSES IN THEIR COMMUNITIES. APPLICANTS
MUST HAVE A CREDIT HISTORY ACCEPTABLE TO THE SBA AND CAN DEMOSTRATE AN ABILITY TO REPAY
THE LOAN. LOANS MAY BE USED TO PAY FIXED DEBTS, PAYROLL, ACCOUNTS PAYABLE, AND OTHER BILLS
THAT COULD HAVE BEEN PAID HAD THE DISASTER NOT OCCURRED. THE LOANS ARE NOT INTENDED TO
REPLACE LOST SALES OR PROFITS OR FOR EXPANSION OR TO PAY DOWN LONG-TERM DEBT. THE LOCAL SMALL
BUSINESS ADMINISTRATION CENTER WILL HAVE BUSINESS CONSULTANTS AVAILABLE FOR ONLINE QUESTIONS
AND TO ASSIST WITH APPLICATIONS. FOR LOCAL ASSISTANCE, VISIT S B D C FORT LEWIS DOT E
D U. TO APPLY ON LINE, VISIT DISASTERLOAN DOT S
B A DOT GOV. PLEASE PRACTICE SOCIAL DISTANCING, STAY HOME IF YOU’RE SICK, AND WASH YOUR HANDS
FREQUENTLY. FOR MORE UPDATES AND THE LATEST DEVELOPMENTS, VISIT THE SAN JUAN BASIN PUBLIC
HEALTH DEPARTMENT’S WEB SITE AT S J B PUBLIC HEALTH DOT ORG. I’M WENDY GRAHAM SETTLE FOR
THE LOCAL NEWS NETWORK.

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