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COVID-19 Business News Update - April 15, 2020

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Here is the latest business news COVID-19 news from Crow Legal.

Colorado

  • Food Business News delves into the closure of the JBS meat processing plant in Greeley.  The plant was shut down until April 24, 2020, after multiple cases of COVID-19 showed up amongst employees of the plant.

  • Businesses all around Colorado are suffering due to COVID-19 shutdowns.  The Colorado Springs Gazette provides resources for individuals who want to help our small businesses in Colorado Springs and the surrounding area.

  • Colorado small businesses and non-profits have gotten nearly $6 billion in loans through the Paycheck Protection Program so far.  The Colorado Sun outlines the rocky rollout and how local lenders are trying to help small business owners.

National

  • Forbes explains how aid to small business owners is finally starting to roll out nationwide.  Also detailed in the article is new SBA guidelines for loans to sole proprietors.

  • According to covidloantracker.com, many large banks are still not issuing PPP loans.  NASDAQ explains how many of the lenders are currently small and regional banks while the larger lenders have few approvals.

  • Financial Executives gives tips to business owners when it comes to contract negotiation during COVID-19.  The article explains what you should do for both existing and future contracts.