Small Business Recovery Fund

Assisting Small Businesses in Larimer County Affected by the September 2013 Floods

 

If you are a small business in Larimer County affected by the 2013 floods, click here to learn more about applying for an SBRF grant.
Click here to download the two-page SBRF fact sheet
Click here to view SBRF Frequently Asked Questions (FAQs)

It’s estimated that at least 350 businesses in Larimer County are struggling in the aftermath of the floods of September 2013. Small businesses are at particular risk, as they often lack the resources to survive a catastrophic event. And when small businesses are unable to rebuild, the entire community continues to suffer. Jobs are lost, neighborhoods decline, and individuals and families endure further hardships.

 

Richardson Foundation Master
Blue Ocean

The Small Business Recovery Fund (SBRF) is a collaborative community initiative led by United Way of Larimer County, in partnership with the Richardson Foundation and Blue Ocean Enterprises, with major support from Bohemian Foundation. The Small Business Recovery Fund is an important opportunity for the business community and foundations to directly support businesses in disaster relief. The Fund provides urgently needed financial aid to small businesses in Larimer County that were affected by the devastating floods (or future disasters), with the ultimate goal of restoring vibrancy to our business community, retaining local jobs and preserving the vitality of our neighborhoods.

 

The Richardson Foundation and Blue Ocean Enterprises created a dollar-for-dollar corporate fundraising challenge match of up to $500,000 to rally other Larimer County businesses to donate to the Fund. Bohemian Foundation initiated and seeded the Fund with $250,000. Their combined support, as well as contributions from OtterBox, First National Bank, SupportEstesPark.com, Estes Valley Partners for Commerce, Woodward, and Kaiser Permanente, positions the SBRF to assist small businesses that need immediate help.

 

How the Small Business Recovery Fund Helps

 

Click here to learn more about how to apply for an SBRF grant.

The SBRF issues lump-sum recoverable grants of $5,000-$50,000 each to provide interim financing to qualifying small businesses while they work to rebuild.

 

SBRF grants are structured as recoverable, meaning that recipients are encouraged to repay their grants in-full or in-part within five years or when their businesses have sufficient funds. Monies that are repaid to the SBRF will be redistributed to other businesses in need that have been impacted by the floods (or future disasters).

 

Community Partners Working Together
to Support Small Businesses
Businesses Helping Businesses
The SBRF is an initiative of United Way of Larimer County, in partnership with the Richardson Foundation and Blue Ocean Enterprises, which have offered a dollar-for-dollar corporate fundraising challenge match of up to $500,000. Bohemian Foundation initiated and seeded the Fund with $250,000. Resource support is being provided by the Larimer County Workforce Center and funding support is being provided by the Federal Emergency Management Agency (FEMA). Small businesses are the engine of the Larimer County economy, but estimates indicate that more than 350 are threatened due to flood damage. To rally the business community to help our small-business neighbors, Blue Ocean Enterprises and the Richardson Foundation will match monies raised for the Small Business Recovery Fund up to $500,000. The generous challenge match, plus $250,000 donated by Bohemian Foundation and support from other corporate donors, positions the Fund to help businesses rebuild, and in so doing, to save jobs, aid individuals and families, and restore vitality to communities in Larimer County.

 

To learn how your company can make a tax-deductible donation to the Fund, contact Gordan Thibedeau, President and CEO of United Way of Larimer County, at 970.407.7000.