GRAND JUNCTION, Colo.
The Payment Protection Program from the CARES Act is essential for the survival of small businesses in Colorado. U.S. Senator Cory Gardner (R-CO) has been seeking PPP improvements to better meet Colorado’s economic needs during the COVID-19 pandemic including:
-Gardner introduced bipartisan legislation with Senator Joe Manchin (D-WV) to double the time businesses can spend PPP funds from 8 weeks to 16 weeks.
-May 2020, he sent a letter to Republican colleagues requesting changes to the PPP based on conversations with small Colorado businesses.
-April 2020, Garner and members of the Colorado congressional delegation secured clarification from the Small Business Administration to confirm Critical Access Hospitals and Rural Health Clinics are eligible for PPP funds.
-April 2020, Gardner, Governor Jared Polis, and Senator Michael Bennet (D-DO) made a unified request to improve the CARES Act to better support Coloradans through the pandemic.
Senator Gardner came to Grand Junction to visit with small businesses, local hospitals, and talk with a restaurant owner to find out how businesses are up and running and how and when they are re-hiring. Senator Gardner says, ” It’s a program we need to make more and more improvements to, and t’s already responsible for having kept 50 million people in their jobs. We just have to do better and better every minute.”
Some businesses like Texas Roadhouse don’t need CARES Act funding. Assistant Manager, Daniel Stiles says, “Our founder, CEO Kent Taylor and some of the other higher-ups gave up their salaries to pay some of the front line staff members.” Other businesses like Veterinarians need the payment protection program loans to care for the employees so they can care for our fur-babies. Dr. Kenny Summers says, “40 to 50% of our business is just routine stuff. We were lucky to still stay open, and be able to help sick animals.”
Cats have 9 lives, and this animal hospital has new found life with the Payment Protection Program improvements. “It’s a little more labor intensive going to cars, it’s tougher doing exams without clients present. It’s always nice to ask questions and get their input. So, it’s been a sacrifice for our clients as well, but we’re able to take care of the animals, and that’s what’s important,” says Dr. Summers.
To apply for your PPP loan click here.