To our small businesses, we believe in you and we need you.

In 2021 there is still uncertainty surrounding the COVID-19 global crisis and due to the continued negative impact of the virus on small businesses, we are partnering up with the City of Colorado Springs to offer additional support to select businesses.

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ABOUT SURVIVE & THRIVE 2.0

Survive & Thrive 2.0 provides recovery funding in the form of grants, mentorship, and holistic virtual  programming to instill resilience and  create strategies to make it through this winter and on to more prosperous times. Please carefully read the details and check the changes in eligibility.

This program is a niche version of original Survive and Thrive program, intended to provide resources to microenterprises (<5 FTEs) that are located in or serve low-middle income areas of Colorado Springs. Exponential Impact’s collaboration with the City of Colorado Springs collaboration is intended to deeply support a select few businesses.

This partnership provides up to $20,000 in grants to eligible small businesses and holistic programming to provide participants with both financial resources and community support to build back stronger. If awarded funds, business owners are expected to participate in the 2-month program and can expect their funds in two installments, one at the start of the program and one upon completion.

PROGRAM TOPICS

Topics will be explored over the course of the 8-week program. Applicants should be willing and able to dedicate the 2-3 hours a week necessary to engage with the program including weekly viewing of webinars, check-ins, and mentor sessions.

Eligible Use of funds

Rent

Pay missed rent for any of the missed months in 2020 or 2021.

Utilities

Help keeping the lights on and the air blowing.

Payroll

Retain or hire employees. Owners can pay themselves if records show their salary.

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Maintenance

Maintaining your facilities or workspace.

Ineligible Use of Funds:
  • Pay off non-business expenses.
  • Personal expenses.
  • Direct financing to political activities or paying off taxes and fines.
  • Support of other businesses in which the borrower may have an interest.
  • Contract work (ex. Funding construction projects etc.) Covering the same expense that is being covered by other relief funding
WHO SHOULD APPLY?

Nonprofit organizations are not eligible businesses and will not be considered for funding. Other ineligible businesses include payday loan businesses, pawn shops, adult entertainment, passive real estate investments and franchise owners. Home-based businesses operating without appropriate zoning and/or permits.

For small businesses ineligible for Survive and Thrive 2.0 funds, please check out our Resource Page for additional financial resources.

How to Apply?

Please prepare your 2019 Tax Return, a Profit and Loss statement (for at least the first three quarters of 2020) and a Letter of Recommendation that speaks to your business’ impact on the community and/or your ability to operate in a crisis. These documents will be required in the application.

If you have a balance sheet prepared for 2020, we recommend you upload it as well, although it is not required to apply.

APPLICATIONS ARE NOW CLOSED

IN PARTNERSHIP WITH

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