COVID-19 Update 19.0
San Juan County - Utah's Canyon Country
Friday 3 April 2020
Dear Partner ,
We created this activity book to inspire those stuck at home, however we feel like our businesses and locals will enjoy it just as much. If you are a business owner, working to continue to remain at top of mind with your clients/visitors feel free to share with your customers, clients, etc to inspire future travel to San Juan County - Utah's Canyon Country.
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We know that staying at home right now is hard on both parents and children, and we want you to know that you're not alone, we're all in this together!

We created this activity packet to give kids who are currently learning from home a way to visit Utah from the safety of their own homes. Maybe you live here? Maybe you've already been here? Maybe you had plans to visit over spring break and had to postpone? Maybe you've always wanted to visit? Whatever the case may be, we hope this packet helps you and your children get your Utah's Canyon Country fix!

Once completed, we'd love to see your children's (and/or your) beautiful artwork!

Please post to Instagram or Facebook using the hashtag: #SJCMonumentalMoments and tag us at: @UtahsCanyonCountry
A note : our emails are becoming long, particularly with all the funding resources available. Please note that often you cannot see the entire email in your email window. If you scroll to the base of our email just click "[Message clipped] View entire message" to view the full email. You may have missed some of our #SJCMonumentalMoments & #SanJuanStrong features, so we've pulled the features up to the top of the email for reference. If you would like to see past features--scroll to the bottom of our email and click on the links to previous newsletters.
Bluff businesses will be closed until May 10th
Many of our local businesses are doing what they can to keep their doors open and services available to our residents .

Click here for our directory of county businesses and their temporary COVID-19 hours, adjusted operations, and offerings.

Business Directory: http://bit.ly/33tdCKl

To be listed or edit a listing contact: ssmith@sanjuancounty.org
Business Weekly Spotlight: Patio Diner, Blanding
With many of our local businesses remaining open we will be running features on our Newsroom to inspire our community to buy local. For a full list visit our business directory: http://bit.ly/33tdCKl
#SanJuanStrong
Many of our local businesses have taken the time to get creative in their business models allowing them to stay open & make sales while still encouraging social distancing. Homestead Steak House , in Blanding, said a big "Thank You" to all their customers.
Help us find and share these features by tagging @sanjuanedvs and #SanJuanStrong
#SJCMonumentalMoments
Let's take a moment to recognize the positive moments in our community. Bill Boyle, San Juan Record Editor , reached out to Monticello locals to drag Main. The turnout from the community was inspiring!
Help us find and share these features by tagging @sanjuanedvs and #SJCMonumentalMoments
Funding & Business Webinars
As a reminder all pertinent economic development & business webinars are being posted on our website www.utahscanyoncountry.com/covid-19 scroll down to the tab "COVID-19 Webinars"
FUNDING RESOURCES
Below we have outlined local, state, and federal resources where funding is available. We recommend that businesses act quickly if they are interested.
  • Local Funding Options
  • SEUALG Emergency Loan Program
  • State of Utah Options
  • GOED Bridge Loan
  • Federal Options
  • SBA Economic Injury Disaster Loans (EIDL)
  • SBA Loan Advance
  • SBA 7a Paycheck Protection Program (PPP)
  • SBA Express Bridge Loan
  • USDA
Please note changes in SBA Economic Injury Disaster Loan Advance below.  In order to qualify for the Advance, you must submit this   new application   even if you previously submitted an EIDL application. Applying for the Advance will not impact the status or slow your existing EIDL application.

Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.
A dditional resources can be found by following:
1 - Local Funding Options
Emergency Loan Program

Applications: Open, first come first served
The purpose of this loan program is to provide financial relief to small businesses in Carbon, Emery, Grand, and San Juan counties that are likely to experience a decrease in business due to an unforeseen emergency. These funds will be made available through the Revolving Loan Fund (RLF) that has been established prior to this.

All funding available through this program will be distributed on a first come, first served basis . Applications should be submitted as soon as possible.

The program is intended to help businesses retain their employees and remain financially stable during a time of economic hardship. The loans provided by this program are intended to bridge the gaps for what may be a shortened financial hardship period.

Loan Program Guidelines :
  • Loan Maximum: $10,000
  • Loan Minimum: $5,000
  • Interest Rate: 4%
  • Loan Term: 3 year Term with 3 Months Deferred Payments, 9 Months Interest Only Payments, 2 Years Amortized Payments
  • Businesses Must be Able to Prove a Need for Emergency Funds
  • Business must be current on all business taxes (ie: TRT, sales, payroll)
  • Loan Funds May Only Be Used For:
  • Working Capital
  • Marketing
  • Inventory
Repayment for loans received from The Southeastern Utah Association of Local Governments ( SEUALG) Emergency Loan Program will be deferred for approximately 90 days following the expiration of any state or federally approved crisis. 

Directions to Apply for the SEUALG Emergency Loan Program :
  • Fill out application
  • Include items requested on application
  • Sign application, there is a digital consent.
  • Submit the completed application for review.
The Program Manager for the Revolving Loan Fund will be available to answer questions regarding the application process. Dawna Housekeeper can be reached at 435-613-0031 or dhousekeeper@seualg.utah.gov
2 - State of Utah Options
GOED Bridge Loan (Phase 1)
Application: CLOSED, Round 2 TBA
Utah-based small businesses with 50 or fewer employees impacted by the COVID-19 pandemic may apply for a new bridge loan program offered by the Utah Governor’s Office of Economic Development (GOED).

Loan amounts range from $5,000 to $20,000 with 0% interest for up to a 60-month period. Loans cannot exceed three months of demonstrated operating expenses. Loan payments are deferred for 12 months, and GOED will use at least 25% of the program funds to support rural Utah businesses.

There are guidelines, eligibility requirements and required information that must be submitted with applications.

The following are some highlights, but please refer to  utahgoed.info/loan  for complete details.

  • Criteria Highlights
  • Businesses must be established and licensed before January 1, 2020, and in good standing with the Utah Division of Corporations and Commercial Code (will be verified here).
  • Applicants must have employees on their payroll for whom they have had payroll taxes withheld (i.e., W-2 employees).
  • Applicants must provide six months pro-forma of estimated lost revenue or other documented loss evidence.
  • Eligibility Highlights
  • Businesses that have experienced severe economic impact due to the COVID-19 pandemic.
  • Businesses that can demonstrate a multiplier impact on other industries.
  • Businesses that play a key role within a strategic state supply chain.
  • GOED will determine the eligibility of applicants. Applying is not a guarantee of funding.
  • Requirement Highlights
  • Financial statements: profit and loss, and balance sheet statements for the previous year, and most recent quarter or month.
  • Last year’s business state of Utah tax returns (2019 or 2018).
  • A copy of the business lease agreement or mortgage statement for the business location.
Utah small businesses can apply for the Utah Leads Together Small Business Bridge Loan starting on March 31, 2020, closing April 3, 2020.

This will be a 2-phase program, possibly 3-phase. Phase 2 information will be forthcoming.
3 - Federal Options: SBA EIDL, SBA PPP, SBA Loan Advance, & USDA
Utah has launched an SBA Rapid Response team to help answer immediate SBA loan/program questions. Please use the following form to reach out to the team. Also you are welcome to contact our office.
SBA Economic Injury Disaster Loans (EIDL)

Application: OPEN
These are direct loans made by SBA (not through private lenders).

  • Working capital loans up to $2 million, rates at 3.75%
  • Businesses with less than 500 employees

USE OF PROCEEDS:
  • Pay fixed debts, payroll, accounts payable and other bills that can't be paid because of the disaster's impact.
  • May not be used to refinance long-term debt. The loans are not intended to replace lost sales or profits or for expansion.

ELIGIBLE ENTITIES:
  • Applicants must meet the SBA requirements of a small business (500 employees or
  • fewer)
  • Businesses directly affected by COVID-19
  • Businesses that offer services directly related to the businesses in the declaration
  • Other businesses indirectly related the industry that are likely to be harmed by losses in their community (Example: Manufacturer of widgets may be eligible as well as the wholesaler and retailer of the product)
  • Small non-farm businesses, small agricultural cooperatives, small businesses engaged in aquaculture

INELIGIBLE ENTITIES:
  • Religious Organizations
  • Charitable Organizations
  • Gambling Concerns (Ex: Concerns that derive more than 1/3 of their annual gross
  • revenue from legal gambling activities)
  • Casinos & Racetracks (Ex: Businesses whose purpose for being is gambling (e.g., casinos, racetracks, poker parlors, etc.) are not eligible for EIDL assistance regardless of 1/3 criteria above.
  • Cannabis Industry
SBA Loan Advance: $10,000 EIDL Advance

Application: OPEN
These are direct loans made by SBA (not through private lenders).
$10,000 Economic Injury Disaster Loan Advance if you qualify.

Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.

In order to qualify for the Advance, you must submit this  new application  even if you previously submitted an EIDL application. Applying for the Advance will not impact the status or slow your existing EIDL application.

This application is quick, the only "numbers" you will need to initially provide are:
  • Gross Revenues for the Twelve (12) Month Prior to the Date of the Disaster (January 31, 2020)
  • Cost of Goods Sold for the Twelve (12) Month Prior to the Date of the Disaster (January 31, 2020)
In the third step be sure to check the box that you would like to be considered for the loan advance, enter in bank information, and then submit.
SBA 7(a) Paycheck Protection Program (PPP)

Application: Limited Openings, check with your SBA lender.
These are SBA loans applied for through approved SBA lenders.

These are SBA loans applied for through approved SBA lenders. SBA will be releasing rules on this loan Friday (4/3/20). Our recommendation if you are interested in this loan is to contact your local SBA lender immediately--in San Juan County this includes Zions and Wells Fargo.

  • Apply through local bank on Monday April 6th
  • Businesses with less than 500 employees
  • Funds up to 2.5 times average monthly payroll
  • Must maintain same number of equivalent FTE’s
  • Forgiven if you use funds for payroll, utilities, rent or mortgage interest
  • Principal balance of loan will be reduced by an amount equal to subsection e. during the first 8 weeks after the loan is granted.
  • Remaining principal balance will be amortized for a period of up to 10 years; Interest not to exceed 4%.
  • Guidelines will be published on Friday April 3rd, but you will need to establish an average monthly payroll. Otherwise, no credit underwriting, tax returns, financial statements, credit reports, guarantees will be required.
Zions Bank customers, below is a one-sheeter from Zions. Please contact your local branch representative for more information:
Monticello Branch:
Derryl R. Jack
Vice President and Branch Manager
Zions Bank, Monticello
NMLS: 596428
(435) 587-2218
Blanding Branch:
Kim Palmer
Blanding Branch Manager
111 E Center St
Blanding, UT 84511
435-678-3241
NMLS:596203
Wells Fargo customers, please talk to your banker or refer to this website: www.wellsfargo.com/paycheckprotectionprogram

As soon as they can start accepting applications, they’ll add the link on this page to the online application.. Please note that you will only be able to apply online, not by phone or in a branch.
Kraig R. Black
Senior Relationship Manager
 
Wells Fargo Commercial Banking  I  4 N. Main  I  Moab, UT 84532
Moab (435) 719-2711  I Cell 435-260-8252 I Fax (435) 259-2495
SBA Express Bridge Loan

Application: Contact your SBA Lender
These are SBA loans applied for through approved SBA lenders. Please contact your local SBA lender for more information.

Express Bridge Loan Pilot Program  allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct  SBA Economic Injury Disaster loan . If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.
Terms
  • Up to $25,000
  • Fast turnaround
  • Will be repaid in full or in part by proceeds from the EIDL loan
USDA Disaster

On Friday (3/13), the U.S. Department of Agriculture (USDA) announced a primary agricultural disaster designation for counties in Arizona.  Under this disaster designation, producers in contiguous counties in Colorado, New Mexico, and Utah (San Juan County) also qualify for benefits. 

Additional information on USDA’s disaster assistance program, including county lists and maps, can be found at  http://disaster.fsa.usda.gov

For more information: https://rd.usda.gov/coronavirus
Remember to Read...
Current San Juan County Updates
Previous Emails
For business and tourism industry updates please refer to:

We are aware of the concern many businesses have, particularly those impacted by the travel industry. This web page is intended to be a resource for businesses regarding changes in the travel industry as well as business relief funding options as they become available.

Please note, this web page is not intended to be a source for updates on COVID-19. For up to date information on COVID-19 please visit the state of Utah’s Coronavirus (COVID-19)  information hub : https://coronavirus.utah.gov/
Please feel free to contact our office with any questions 435-587-3235 or 800-574-4386

Who to contact?
Natalie Randall, nrandall@sanjuancounty.org
  • Business & Funding questions (RLF, SBA, State, etc)
Allison Yamamoto-Sparks, ayamamoto@sanjuancounty.org
  • Visitor Information 1-800-574-4386
Stuart Smith, ssmith@sanjuancounty.org
Cheers,
San Juan County EDVS