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Arvada Emergency Business Recovery Initiative

Arvada businesses that are in the process of reopening, visit to learn more about procedures that have been put in place; this includes restaurants and retail. If you have questions or need additional support, contact the Arvada Economic Development Association (AEDA) at or 720.898.7010.

As of Tuesday, April 21, The City of Arvada has suspended the Emergency Small Business Loan Fund as available funding has been distributed to qualifying small business. Applicants who qualify for funding, but were not able to receive funding, may still apply and will be placed on a wait list. Local businesses that are still in need of resources are welcome to take advantage of additional components of the Arvada Emergency Business Recovery Initiative. The Arvada Economic Development Association (AEDA), the Arvada Urban Renewal Authority (AURA) and other partners created the Arvada Emergency Business Recovery Initiative, which includes a suite of resources to support Arvada businesses and workers coping with the economic impacts of COVID-19.

Emergency Small Business Loan Fund

The City has created a $2.5 million loan fund to help qualifying businesses stay afloat until funding from the Small Business Administration (through the CARES Act) becomes available. The City will award no-interest loans of up to $10,000.00 from the fund to qualifying small businesses.

How do you know if your business qualifies

A business may apply for the fund if it:

  • Is a non-home-based business with a physical address within the City of Arvada.
  • Is a for-profit business.
  • Has been in operation on Jan. 1, 2020.
  • Has an active Arvada business license.
  • Is in good standing with any City permits, licenses, fees or taxes as of March 1, 2020.
  • Is a small business with no more than 50 full-time equivalent Full Time Employees (FTE) positions.
  • Has been forced to temporarily close or forced to dramatically limit operations due to the Public Health Orders related to the COVID-19 public health crisis.

Businesses with more than one physical location in the City of Arvada may apply for the program for one location only. For purposes of estimating FTEs, the FTE count shall be based only on the specific location applying for the program. Corporately-owned national chains may not apply for the program; however, locally owned franchise owners/operators are allowed to apply. Loans will be awarded only to for-profit businesses.

How it works

Qualifying businesses may apply for a loan of up to $10,000.00 at no interest. Repayment of the loan will be deferred until Jan. 1, 2021. If 75 percent of the loan is paid by Dec. 31, 2021, the remaining 25 percent of the loan (up to $2,500.00) will be forgiven. Each Borrower must agree to be bound by the terms and conditions of the Fund program.

Loan proceeds will be paid directly to the applicant business. Loan proceeds may be used for any legitimate business expenses in accordance with state and federal law, including but not limited to: rent, payroll, inventory, and other monthly expenses.

Loans will be awarded generally on a first-come, first-served basis based on the time a qualifying business’s application is filed with the City, subject to funding availability. However, the City reserves the right to award loan funds to support participation across every area of the City as well as to support diverse business types.

How to apply

As of April 21, available funding has been distributed to qualifying small businesses. Applicants who qualify for funding, but were not able to receive funding, may still apply and will be placed on a wait list.

To submit an application, download, complete and scan the Emergency Business Loan application form, and email it, along with a copy of an IRS W9 Form, to All applications must be submitted by May 30, 2020.


The program is administered by the City of Arvada Finance Department. Questions regarding the program should be directed to

Strategic Partnerships

The City of Arvada, the Arvada Economic Development Association, the Arvada Chamber of Commerce and many other community partners have created the Arvada Resiliency Task Force to focus on the business community during the COVID-19 crisis. The group has developed a Coronavirue Business Toolkit and other resources to help local businesses and workers cope with the economic crisis caused by COVID-19.

Sales Tax and Water/Sewer/Stormwater Utility Payment Plans

 The City is providing additional relief to businesses in the form of deferred utility payments for up to 12 months. In many cases, penalties and interest will be waived. Businesses in need may also take advantage of a Payment plan of up to 12 months with no penalties applied. These payment plans are available on a case-by-case basis. To discuss sales tax payments, contact 720-898-7100 or For water bill payments call 720-898-7070. 

Streamlined Regulatory Processes

The City anticipates that the updated Land Development Code will be approved by the Arvada City Council in early summer 2020. As a result of this update, a typical review process will be reduced from 12 months to 4 months. Process which requires City Council approval would be reduced from 12 months to 7 months.

Additional Commercial Lending Options

If your Arvada business is not eligible for or able to access the Emergency Small Business Loan Fund, additional financial resources to explore include:

AEDA COVID-19 Loan Program in partnership with Colorado Enterprise Fund - The program offers up to $25,000 for Arvada businesses to cover short-term working capital needs and serve as a bridge loan to other debt products as credit becomes available elsewhere and the credit market stabilizes.

Small Business Administration (SBA) Economic Injury Disaster Loans (EIDL) - The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. 

SBA EIDL Emergency Advance - In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid. 

SBA Express Bridge Loans - Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loan or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for a decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

Paycheck Protection Program - The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll during the COVID-19 crisis.  SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.


If you have a question or would like to discuss your options, please contact a member of the AEDA staff at 720-898-7010 or Additional COVID-19 resources and information to assist with your Arvada business and employee needs can be found in the Coronavirus Business Toolkit