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Helping small businesses grow and prosper

Southern Colorado SBDC

OUR PHONE LINE IS CURRENTLY DOWN. PLEASE EMAIL US AT SOUTHERNCO@COLORADOSBDC.ORG

Email us at southernco@coloradosbdc.org to receive a PDF with further explanation regarding the CARES Act.

Response to COVID-19

March 23, 2020 UPDATE: Southern Colorado SBDC COVID-19
Now offering remote counseling and virtual classes to be announced soon

The Small Business Development Center has suspended face to face counseling sessions until further notice due to the COVID-19 pandemic. Classes scheduled prior to May 1 have been cancelled or postponed. We continue to serve our clients remotely via email, phone and video calls.

SBA Loan Info Available

We are working remotely to share information with Pueblo businesses on the SBA’s Economic Injury Disaster Loan (EIDL) program. We will share additional information as soon as we have it.

SBA Loan Overview


The EIDL program is intended to provide working capital liquidity for bankable businesses that have suffered recent financial injury due to the COVID-19 pandemic. Qualifications for this program are similar to other business bank loans, except that the interest is lower, 3.75 percent, and the fixed term can be extended to 30 years.
A few questions before you apply:
• Do your financials support the claim of working capital losses due to the COVID-19 pandemic?
• Do you have acceptable credit?
• Are you willing to pledge personal and business assets for collateral?

• Can you provide three years of business and personal tax returns along with business and personal balance sheets?
• Is this loan needed for immediate working capital because other sources, such as an operating line of credit, are not available or are not sufficient?

The SBA will decision each application on an individual basis considering that some strengths may offset other weaknesses. There is no cost to apply. There is no obligation to take the loan if offered. SBA will process the loans on a “first come, first serve” basis. They estimate three to six weeks turn-around time for complete applications.

Apply directly to the SBA on the SBA website:
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov.

For more information or assistance with your application, call 719 549-3224 or register on our website, southerncoloradosbdc.org. We will contact you within one business day.

The team at the Southern Colorado Small Business Development Center Share

How Do We Help Businesses?

The Southern Colorado Small Business Development Center offers business consulting and training that maximizes the economic potential of entrepreneurs within our region. Our mission is to help existing and new businesses grow and prosper. Our goal at the Small Business Development Center is to help emerging and existing entrepreneurs gain control of their business operations. We provide free guidance and counseling in all aspects of funding and developing small business. We strive to help grow and start businesses. While we cannot eliminate risk, we work to minimize it by helping clients write comprehensive business plans, conduct financial forecasts, strategize marketing tactics, apply for funding, and improve operations. Let us help maximize your business potential.

No-cost, confidential one-on-one consulting

Meet with a business consultant who understands your situation to devise a personalized action plan.

SBDC Program Sponsors

SBDC Local Sponsors