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HB26-1003 · Bill · 2026 Regular Session · Colorado

Small Business Recovery Modifications

Concerning modifications to the small business recovery and resiliency loan program.

Official status: Became Law

3 proposed amendments

Prime sponsors

Progress (from the official record)

Official summary

Official text — shown in English exactly as published by the official source. The official text controls.

The act changes the purpose of the small business recovery and resiliency loan program (program) from supporting small businesses recovering from the economic crisis caused by COVID-19 to supporting Colorado's small businesses regardless of COVID-19 impacts. The act provides that money in the small business recovery and resiliency fund (fund) may be matched by participants in the program at a ratio of $1 of fund money for every $1 of money from other sources. Once the money from the fund is matched by other sources and comprises a tranche, the act specifies that the money from the tranche may be used for loans or to purchase participation interest in loans for businesses as determined by the program oversight board (board), including working capital and the purchase of equipment. The act allows a deferral of principal and interest payments on a loan made through the program for circumstances of hardship and repeals the requirement that the hardship must be caused by the COVID-19 pandemic or ongoing economic conditions. The act repeals a requirement that money from the fund must be proportionally reserved for applications from eligible borrowers located in a county based on the county's metrics related to small businesses, as determined by the board, for an initial period of time and that the money must be allocated to a county. Instead, the act requires each tranche of loan funding to be used to fund businesses across the state over the duration of the program and to maintain targets and support businesses located in rural counties and businesses owned by women, minorities, or veterans. The program will track the distribution of capital to counties. The act requires the state treasurer to transfer $5 million from the fund to the Colorado startup loan program fund on June 30, 2026. (Note: This summary applies to this bill as enacted.)

Status timeline

Every recorded action on HB26-1003, oldest first
DateLocationAction
01/14/2026HouseIntroduced In House - Assigned to Business Affairs & Labor
02/04/2026HouseHouse Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole
02/06/2026HouseHouse Second Reading Laid Over Daily - No Amendments
02/09/2026HouseHouse Second Reading Special Order - Passed with Amendments - Committee
02/10/2026HouseHouse Third Reading Passed - No Amendments
02/12/2026SenateIntroduced In Senate - Assigned to Finance
03/10/2026SenateSenate Committee on Finance Refer Unamended to Appropriations
04/22/2026SenateSenate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
04/22/2026SenateSenate Second Reading Special Order - Passed - No Amendments
04/23/2026SenateSenate Third Reading Passed - No Amendments
05/20/2026HouseSigned by the Speaker of the House
05/20/2026SenateSigned by the President of the Senate
05/20/2026GovernorSent to the Governor
05/29/2026GovernorGovernor Signed

Recorded votes

Proposed amendments (3 proposed amendments)

Amendments proposed to HB26-1003, oldest first
AmendmentCommittee / floor hearingOfferedDispositionOfficial document
L.001Committee amendment — Business Affairs & Labor (House)02/04/2026PassedView official document
L.002
Sponsor: Representative Richardson		Floor amendment — Second Reading (House)02/09/2026LostView official document
L.004Floor amendment — Second Reading (House)02/09/2026LostView official document

Source: Colorado General Assembly (leg.colorado.gov) · Data as of

Full text

Official record

View HB26-1003 on leg.colorado.gov

Source: Colorado General Assembly (leg.colorado.gov) · Data as of

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