The $49,000 small business loan was Linda Jones’ for the taking. But ultimately, the owner of Area Rent-Alls in Westminster abandoned the loan, which could have been forgiven if it was primarily used to pay employees.

It certainly would have offset lost revenue as office and construction equipment rentals slowed during the coronavirus stay-at-home measures. But Jones didn’t think she’d be able to get some of her staff to return to work. One of her six employees called in sick last month and never came back. She’s also found it difficult to hire workers for the spring ramp up to 10 people.

Fortis attorney Andrew Comer shares his insight with The Colorado Sun regarding Covid business loans. To read the full article, please follow the link located here.