The Denver International Airport (DEN) Commerce Hub and the Airport Minority Advisory Council (AMAC) have partnered to provide resources and guidance to assist ACDBEs impacted by the COVID-19 pandemic. This guide is intended to help ACDBEs navigate the CARES Act Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL), both administered by the Small Business Administration (SBA), as well as other programs that may be helpful to our ACDBE community.
The Commerce Hub team is available to answer your questions. If you need assistance, we encourage you to contact our office at [email protected] to submit a question or schedule a call.
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Administered by the Treasury Department and the Federal Reserve.
The Federal Reserve is rolling out a Main Street Lending Program that will provide additional lending options to small and medium-sized businesses affected by the COVID-19 pandemic.
The Federal Reserve is working to create the infrastructure necessary to make the program operational and once it is, businesses will apply for the loans through eligible lenders.
Administered by the SBA.
Provides small businesses with funds, in the form of a forgivable loan guaranteed by the SBA, to pay up to 8 weeks of payroll costs. Up to 25% of the funds may also be used to pay interest on mortgages, rent and utilities.
EIDL program was created to assist businesses, renters, and homeowners located in regions affected by declared disasters. The CARES Act expanded the program in response to the COVID-19 emergency.
- SBA will begin accepting new EIDL and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses
- EIDL applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis
Click here for a complete side-by-side overview of the PPP and the EIDL
Refer to the ACDBE Resource Guide to access additional information on the application process for the programs listed below.