July 2021
The SBDC often hears "I want to be my own boss" from new clients. There's certainly something to be said for the independence of entrepreneurialism. You make your own decisions to benefit your business and employees, maintain flexibility in the work week, excel at what interests you and enjoy the liberating excitement of exchanging ideas with people of like passion. Entrepreneurialism is more than 'being a boss', it's being a leader. The immense amount of hours required of the entrepreneur can be satisfying if you lead in both the good times and rough times and make possibilities happen everyday. Entrepreneurs ask questions. It's rewarding to regularly learn something new about YOUR business, open doors for others and create new ventures. Celebrate your independence this weekend. We truly live in a land of opportunity!
Take the LEADING EDGETM Strategic Planning Series
Webinars available in English and in Spanish for both the existing and new entrepreneur.
Click on the title to pre-register for webinar instructions, updates and reminders.

Six-part series, Tuesdays, July 13, 20, 27, August 3, 10, 17, 6:00 - 8:30 PM, FREE
With support from the State of Colorado Office of Early Childhood

Four-part series, Thursdays, July 15, 22, 29 and August 12, 6PM - 8PM, $200
1) Launching, 2) Marketing, 3) Cash Flow and 4) Business Plan Essentials

Seis partes, martes, 27 de julio - 31 de agosto, 4:00 - 6:30 PM, $200
MORE upcoming webinars
Click on the title to pre-register for webinar instructions, updates and reminders.
Viernes, 9 de julio – un solo dia de 9AM – 12PM
Presentada por La Division de Impuesto y Licencias de la Ciudad de Aurora
Seminario virtual atraves de Grupos de Microsoft (TEAMS)

Wednesday, July 14 – one day only from 9AM – 11AM
Presented by the Division of Tax & Licensing City of Aurora
A FREE webinar for all businesses via Webex
Training Series for Engineering & Professional Services Firms (5 sessions)
For all engineering-related professional services
(surveying, environmental, construction management)

Keys to Growing a Successful Transportation Consulting Firm -- ON DEMAND (register)
Marketing Tips for Engineering & Professional Services Firms -- ON DEMAND (register)
Maximizing Indirect Cost Rates -- ON DEMAND (register)
Creating Winning Proposals & Submitting to CDOT -- ON DEMAND (register)
July 14, 9AM-11AM, $25/session, LIVE WEBINAR:
CDOT Prequalification & Master Price Agreement (register here)
Three-part series, Thursdays, August 5, 12, 19
5PM - 7PM, $99
With support from the Town of Parker

Note that a start-up workshop is required prior to consulting for entrepreneurs in
business for one year or less. Take Leading Edge Start-Up Essentials, or, register for the free Fired Up: I Want to Start a Business!
Receive one-on-one, confidential, virtual consulting from experts in many areas of expertise: strategic planning, marketing, cash flow and financial analysis, pricing and cost projections, business plan review, launching your business, business turn around, government contracting and bidding, and various industries--from brick-and-mortar to child care, from medical clinic to car shop

If already a client of the SBDC, please contact us: 303-326-8686 or email info@Aurora-SouthMetroSBDC.com. Otherwise, please register as a client at the website (click the button below).
The City of Englewood is committed to providing you with additional resources and assistance necessary to be a successful business in Englewood, including a potential scholarship for any of the LEADING EDGETM fee-based courses. To apply and for more information, click HERE.

Join us for the Englewood Small Business Resource Expo
Wed., September 22nd, 8:30 - 9:30 AM
Presented by the City of Englewood, the Greater Englewood Chamber and the Aurora-South Metro SBDC.
Download the flyer here and spread the word. Register today!
Save the date:
11th annual Advance Colorado Procurement Expo
October 7, 2021
IN-PERSON EVENT
Hyatt Regency Conference Center, Aurora, CO
FUNDING OPPORTUNITIES
Economic Injury Disaster Loan: sba.gov/eidl -- Deadline: Dec. 31, 2021

SBA will extend the first payment due date for disaster loans made in 2020 to 24-months from the date of the note and to 18-months from the date of the note for all loans made in the calendar year 2021.

Questions on SBA COVID-19 EIDL and disaster loan payments can be answered by email at DisasterCustomerService@sba.gov or by calling SBA’s Customer Service Center:
1-800-659-2955 (TTY: 1-800-877-8339). Ask to speak with a loan officer, provide all pertinent contact information and include your loan number.
Do you have questions about PPP Forgiveness?
Please watch this On-Demand webinar at no charge about PPP Forgiveness, then contact the SBDC for consulting as needed: www.Aurora-SouthMetroSBDC.com/consulting. Also, learn more about forgiveness at www.sba.gov/ppp.

The PPP program legally sunset on June 30, 2021. There is no appeals process for loans where the lenders declined or didn’t get approvals before the program ended.
The U.S. Small Business Administration (SBA) is announcing the closure of the Restaurant Revitalization Fund. Through the American Rescue Plan Act, the SBA launched the Restaurant Revitalization Fund to provide funding to help restaurants and other eligible businesses keep their doors open.  SBA received over 370,000 applications from restaurant owners across the United States. The program provided critical funding to over 105,000 restaurants representing $28.6 billion dollars. The program supported 3,777 small restaurants with gross receipts of less than $50,000 in 2019.
 
Due to overwhelming demand, the SBA was unable to fund all qualified applications with the original appropriation provided in the American Rescue Plan Act. Those applicants who have not received funding will have their applications held within the application platform to allow for processing in the order received if additional funds are provided by Congress.
 
The Restaurant Revitalization Fund application platform will remain open for the next two weeks to allow applicants to check their status, address payment corrections, or ask questions. The SBA will disable access to the platform on July 14, 2021.

  • Live venue operators or promoters
  • Theatrical producers
  • Live performing arts organization operators
  • Museum operators
  • Motion picture theater operators (including owners)
  • Talent representatives


Note: If the SVOG recipient received a PPP loan, the SVOG will be reduced by the entity's PPP loan amount.
·   $30k to $500k loans available for working capital
·   Below-market interest rates
·   Payment deferrals for up to 1 year
·   Maturities of up to 5 years
·   Refinancing options available

Do You Qualify?
Step 1: Establish if you meet program qualifications.
Your business:
·   Is a for-profit corporation, partnership, or association incorporated in Colorado;
·   Filed with the Colorado Secretary of State as a foreign entity authorized in Colorado;
·   Is a nonprofit in Colorado, or
·   A sole proprietorship owned by a Colorado resident with primary operations in Colorado
·   You have between 5-99 employees.
·   Your business had a 2-yr positive cash flow in the past 5 yrs prior to Feb. 29, 2020.
·   Your debt service coverage ratio was at least 1:1 prior to February 29, 2020.

Step 2: Meet with a Participating Lender to apply.

Are you ready?
This checklist will show you recommended materials to have ready before applying with a lender.
Send a message to the SBDC today:
Email is best; working remotely most days
(303) 326-8686

(303) 326-8808