Denver is planning on disbursing another round of grants from its Small Business Emergency Relief Fund (SBERF), and is now accepting grant applications until 5 p.m. on Tuesday, January 26.
While any qualifying business located in the City and County of Denver is eligible to apply, the application states, “The city’s funds will prioritize businesses operating in industries impacted by public health mandates.” That’s you! Restaurants, bars, and brewery, winery, and distillery tasting rooms are specifically named in the application as receiving priority (though a grant is by no means guaranteed).
In addition, if you received a grant from SBERF in 2020, you are eligible to apply again in 2021, though you’ll need to create a new account to access the application. Applicants must also be able to document a 20 percent loss of revenue due to business restrictions imposed by Colorado as a result of the pandemic—which won’t be difficult.
A few changes have been made to the program since the last round. The maximum revenue for eligible restaurants cannot exceed $2.5 million in 2019 (an increase from $2 million in the last round of grants). The maximum grant amounts are:
- Businesses with less than $500,000 annual gross revenue in 2019 can receive up to $3,500
- Businesses with $500,000 to $1 million annual gross revenue can receive up to $5,000
- Businesses with $1 million to $2.5 million annual gross revenue in 2019 can receive up to $7,000
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