Energize Colorado Gap Fund
Applicants: The application is currently closed, see below for more information.
About the Gap Fund
The Gap Fund
The Energize Colorado Gap Fund will provide more than $31M in small business loans and grants to boost small business enterprises that are the economic engines throughout the state. The Gap Fund is a combination of public and private dollars including the CARES Act and Colorado donors, click here to learn more about our support and how you can contribute.
Sole proprietors, businesses and nonprofits with less than 25 full-time employees can apply for up to a $15,000 grant and a $20,000 loan for a possible combined total of $35,000 in financial assistance. The Gap Fund has completed two rounds of applications and assistance and is currently fundraising for a third round of small business assistance in 2021. The process is not first-come-first-serve, it is a competitive process that will help those in need receive priority access to assistance.
At the completion of round 1 and 2, the Gap Fund reports:
- 2060 Colorado small businesses awarded Grant dollars
- Totaling $25 million
- 99% of recipients fell into one (or more) of our priority businesses
Round two has been distributed, visit our Impact Data page for more information.
The Energize Colorado Gap Fund is currently fundraising both public and private support to fuel round three of grants and loans for Colorado’s small businesses impacted by the pandemic. Unfortunately, not all businesses who apply can receive funding due to insufficient funds, visit our FAQ and Support Page to learn more.
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How to Apply:
Our application is currently closed as we pursue more funding. Visit our FAQ and Support page for more information.
- Applicants will need to demonstrate economic hardship experienced due to COVID-19. We accept a wide variety of documentation, for example:
- bank records
- point of sale receipts
- profit and loss statements
- tax filings
- expense receipts
- Energize Colorado provides a mentoring program to assist in filling out this application including translation. If you have reviewed the information available online and still have questions, please reach out to our technical assistance team for help.
You can call us at 1-800-471-0628 (Mon.-Fri. 6 a.m.-8 p.m., Sat.-Sun. 6 a.m.-3 p.m.) or e-mail us at [email protected]
Gap Fund Informational Webinar & Application Walk Through:
Who is Eligible?
- Small Businesses/Enterprises - Colorado sole proprietors and registered small businesses including LLCs, S-Corps and other business types.
- Nonprofits - Colorado nonprofits whose mission and/or programs directly support economic development, small businesses, or tourism.
- Fewer than 25 employees - Applicants must have fewer than 25 full-time equivalent (FTE) employees. An employer may use its off-season employee count.
- Impacted by COVID-19 – Applicants must be able to show the economic hardship their business is facing due to the COVID-19 pandemic. The business’s story of hardship plus documents such as bank records, point of sale receipts, profit and loss statements, or other documents can be used to show economic harm.
Priority Will Be Given to the Following:
- Any eligible Colorado small enterprise is welcome to apply. Priority will be given to applicants:
- Who are majority-owned by Black, Indigenous, People of Color, Veterans, or Women
- In rural areas with a population of less than 50,000 people
- In the tourism sector
- With limited or no access to capital financing or other federal, state or local grants/loans