The Fort Collins Area Chamber of Commerce, Greeley Area Chamber of Commerce and Loveland Chamber of Commerce presented a phone call for all members discussing the Payment Protection Program made available through the H. R. 748, ‘‘Coronavirus Aid, Relief, and Economic Security (CARES) Act on Wednesday, April 8, 2020.
Several regional lenders reviewed the Act, discussed terms and answered any questions from the audience. The lenders offered these recommendations:
- Reach out work directly with your current business banker
- Apply online at your bank/institution
- Obtain good payroll documentation
- Have patience as the volume and process time continues to increase
The lenders on the call included:
- Shawn Osthoff, President at Bank of Colorado
- Stephanie Teubner, President/CEO at Blue Federal Credit Union
- Bryan Watkins, Northern Colorado Market President at Elevations Credit Union
- Nicole Staudinger, President at FirstBank Northern Colorado
- Debra Kelly, Vice President, Branch Manager at Independent Financial
Recording
Helpful Resources
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SBA’s Economic Injury Disaster Loan Program (www.covid19relief.sba.gov/#/)
- CoronaVirus Emergency Loans Small Business Guide and Checklist (www.uschambercommerce/sbloans)
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U.S. Treasury Department
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For a top-line overview of the program CLICK HERE
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If you’re a lender, more information can be found HERE
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If you’re a borrower, more information can be found HERE
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The application for borrowers can be found HERE
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