Check out all our members online

https://business.wellingtoncoloradochamber.net/directory

Thanks to everyone who came out to Casino Night on Thursday, April 25th at Sparge!

A BIG THANK YOU to our sponsors, all our Chairman Circle Investors and Casino Sponsors, State Farm -Tanner Brown, TDS, Kacygraphics, Novus Glass, The Human Bean and All Phase Restoration! And to all our volunteers!

Don't Miss Your Chance to Grow Your Business in 2024

The Annual Community Guide and Directory Marketing Team is ready to assist you

dawn.smartmarketing@gmail.com

970-686-5805

2024 July Fourth Information

Parade Float Application

Want to participate in the 4th of July parade down Main Street? Sign up at this link: Parade Application

Festival Vendor Application

Want to be a vendor for the 4th of July Festival? Sign up at this link: Vendor Application

Car Show Application

Want to submit your vehicle in the 4th of July car show? Sign up at this link: Car Show Application

Brewfest June 1st!

Tickets on Sale now. Click on the flyer for more information and to purchase your tickets!

New Federal Reporting Requirement for Beneficial Ownership Information (BOI)

As of January 1, 2024, many companies in the United States now have to report information about their beneficial owners, i.e., the individuals who ultimately own or control the company. They will have to report the information to the Financial Crimes Enforcement Network (FinCEN). FinCEN is a bureau of the U.S. Department of the Treasury. 

Who Has to Report?

Companies required to report are called reporting companies. Reporting companies may have to obtain information from their beneficial owners and report that

information to FinCEN. 

When Do I Report?

Reports are being accepted as of January 1, 2024.

• If your company was created or registered prior to January 1, 2024, you have until January 1, 2025, to report BOI.
• If your company was created or registered on or after January 1, 2024, and before January 1, 2025, you must report BOI within 90 calendar days after receiving actual or public notice that your company’s creation or registration is effective, whichever is earlier.
• If your company was created or registered on or after January 1, 2025, you must file BOI within 30 calendar days after receiving actual or public notice that its creation or registration is effective.
• Any updates or corrections to beneficial ownership information that you previously filed with FinCEN must be submitted within 30 days.

Learn More

Colorado Business Support Programs 

The Skill Advance Colorado (SAC) program is administered in collaboration with the Colorado Community College System (CCCS) and provides workforce training grants for new or existing employees of Colorado businesses. Please contact your local SAC representative at the link above for more information. 

Applications close April 15, 2024.

Colorado Revolving Loan Fund

Applications are open and accepted on a rolling basis. This fund provides loans that help small to medium-sized Colorado businesses negatively impacted by the COVID-19 pandemic. These loans range from $5,000 to $750,000. The loans are intended to provide startup and working capital that will help create and retain jobs across Colorado.

U.S. Small Business Administration

Notice to PPP and COVID EIDL Borrowers in Default 

The U.S. Small Business Administration will begin referring defaulted PPP and COVID EIDL borrowers with loans under $100,000 to the U.S. Treasury Department and the Internal Revenue Service for collection beginning March 4, 2024.

What does this mean? 

Small business borrowers who are referred to Treasury and IRS for collection may face significant consequences, including: 

• Negative impact on credit scores; 
• Withholding of future state and federal tax refunds and any potential federal government funding (such as social security); and,
• Referral of your loan to private debt collectors to pursue repayment, who may use tactics like wage garnishment.   

What can borrowers do? 

If you have a PPP loan under $100,000, follow the instructions at www.sba.gov/PPPForgiveness to complete your PPP forgiveness application by March 3, 2024. If your lender is not participating in the SBA direct forgiveness portal, you will need to contact them directly. You can find a list of participating in the SBA direct forgiveness portal here.

If you have a COVID EIDL loan under $100,000, visit Manage your EIDL at SBA.gov.

Need assistance? Contact SBA at 877-552-2692.

This communication is not intended to collect outstanding debts from individuals or entities currently undergoing bankruptcy proceedings.