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Hemp Business/Farm PPP Application Tools

Although many hemp farms & companies are receiving funding, we have heard troubling reports that some businesses who are applying for PPP loans through their banks are being denied.  We want you to know that we are working very hard on this issue with Governor Polis and our Colorado Delegation being led by Senators Michael Bennet and Cory Gardner and the Colorado Small Business Administration to address the problems and fix them.

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COVID19 Resource Guide

USDA and its Federal partners have programs that can be used to provide immediate and long-term assistance to rural communities affected by the COVID-19 outbreak. These programs can support recovery efforts for rural residents, businesses and communities through:

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Loan opportunities for small businesses impacted by COVID-19

Colorado small businesses impacted by COVID-19 can seek individual small business loans up to $2M as part of the Small Business Administration’s Economic Injury Disaster Loan program. Small businesses throughout all 64 counties may seek SBA Economic Injury Disaster Loans. Governor Jared Polis announced that Colorado’s application for federal disaster area designation has been approved.

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Hemp Crop Insurance Deadline March 16, 2020

The U.S. Department of Agriculture (USDA) this week announced the availability of crop insurance protection for producers of hemp under two separate programs. With the availability of insurance through these programs,  hemp producers in Colorado may be able to obtain protection of their hemp crops from natural disasters.

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