***NOW ACCEPTING Johnstown-Weld County SB20B-001 Small Business Relief applications until February 4, 2021***
Eligible small businesses in Johnstown - Weld County can apply for a relief payment authorized by Senate Bill 20B-001
Applications for the Small Business Relief Program for Johnstown-Weld County will be available January 15, 2021 through February 4, 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.
Johnstown-Weld County 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.
The Town of Johnstown applied to the state in early January for the opportunity to provide this program to its Weld County based businesses. Larimer County applied to the state, and managed the program, for Larimer County businesses. The Larimer County Small Business Relief Fund is no longer accepting applications as it closed on January 27, 2021 - Larimer County Small Business Relief Program
To be eligible, an applicant must:
- 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 Colorado.
- Business must have a 20% (or higher) revenue loss average for the 10 months March-Dec 2019 compared to March-Dec 2020 OR on a month-by-month basis March-Dec 2019 vs 2020. If a business shows an avg loss of 20% (or higher) over the 10 months, then they are eligible for 100% of the funds, if a business cannot show the average loss over 10 months but rather shows that 6 months out of 10 there was a 20% (or higher) loss, then the business is eligible for 60% of the funds.
- Business 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.
The following applicants are ineligible for these grant funds:
- 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
Please submit all required documents to firstname.lastname@example.org by February 4, 2021. Please note - document substitutions will NOT be accepted.
- Complete the Johnstown - Weld County Small Business Relief Fund Application (click here or below)
- All current valid State license(s) required for eligible business identified in State Bill 20B-001 - see the legislation for licensing requirements
- Profit & Loss statements or Sales Tax receipts verifying monthly gross income from March 2019 – November or December 2020
- A copy of Certificate of Good Standing from the Colorado Secretary of State (https://www.sos.state.co.us/biz/BusinessEntityCriteria.do)
- 2019 State of Colorado Business (not personal tax return except where personal tax return is the business tax return) Tax Return or a Colorado Tax Exempt Certificate (if opened between Jan 1, 2020 and March 26, 2020, income statements for all of 2020)
- Receipt from most recent payment of Unemployment Insurance Payroll Taxes
- Completed W-9 for your business (signed and dated). For more information, and a W-9 form, please go to https://www.irs.gov/forms-pubs/about-form-w-9
The Town of Johnstown understands and supports the public's right to access public records. Information submitted through the Program is a public record and may be subject to disclosure under the Colorado Open Records Act, C.R.S. §§24-72-200.1, et seq.