Business Funding Available
EDA CARES funding is available through the NARCOG Business Fund
Funds are available for existing businesses now.
- 0% interest for the duration of the loan
- Loan terms of 5 to 10 years
- Funds may be used for working capital, rent, utilities, other COVID related expenses
Call our Crystal Julien at 256-355-4515, ext 258 to see how we can assist your business. Read more about our business loans.
Locate a list of participating lender for PPP loans at https://www.sba.gov/PaycheckProtection/find
SECOND RELIEF BILL
A summary of this legislation from the Small Business Administration (SBA) is provided below.
COVID Relief Package Details
There are over 5,500 pages in the pending legislation from Congress, and we haven't finished reading every line just yet. Here's what we know now, and what you can expect:
The highlights below are directly from the small business committee summaries:
As more details emerge from SBA, we will do our best to keep you posted.
Want to read more? Here are the summaries as we received them:
US Small Business Administration - We support America's small businesses. The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business.
* The number for deaf or hearing impaired individuals to call is: 800-877-8339.
U.S. Chamber of Commerce - the latest resources, guidance and insights to protect American businesses, workers and families.
US Chamber Small Business Loan Guide
The Department of Labor has published a series of fact sheets and Q&A on the Families First Coronavirus Response Act (FFCRA). https://www.dol.gov/agencies/whd/pandemic
Centers for Disease Control - the nation's health protection agency.
Alabama Business Resources
Alabama Small Business Commission launched the Atlas Alabama website to serve small business owners in the state.
Alabama Department of Labor - information on state income tax extension, taxes due and unemployment claims. https://www.labor.alabama.gov/
Made in Alabama: Alabama Department of Commerce - In collaboration with our state and federal partners, the Department has assembled a comprehensive list of resources related to the COVID-19 response to assist Alabama employers and workers. https://www.madeinalabama.com/why-alabama/covid-19-resources/
Alabama Small Business Development Center