PPP / CARES ACT
Coronavirus Aid, Relief, and Economic Security
Small business relief package that includes:
- Paycheck Protection Program (PPP)
- New: PPP Second Draw Forms & Guidance
- Lender Locator Tool
- Lenders Accepting Non-Customer Applications
- Up to $10 million loan, partially forgivable
- Debt Relief Program Reauthorized
Economic Injury Disaster Loan (EIDL)
SBA’s EIDL Program provides working capital loans.
- Up to $2 million to small businesses impacted by COVID-19.
- “Up to $10k” advance returns in 2021.
- No longer deducted from PPP forgiveness.
- Up to $200,000 with no collateral.
- ⇒ Upcoming live webinars
COVID-19 Small Business Resource Center
- Guidance from CDC on how to prevent workplace exposures to acute respiratory illnesses.
- Additional guidance from AL Departments of Labor and Revenue.
- Disaster Planning and Recovery Guide
- Managing in Times of Financial Difficulty
- AL Guide to Conquering a Business Crisis
Start Your Business
Starting a Business in Alabama is easy with the Alabama SBDC. Our business advisors can help you to explore the possibilities, and help you to decide whether to embark on this new venture. Our workshops & training provide the foundation for developing a sound business plan to start your business and guide its growth.
Grow Your Business
Our seasoned advisors can analyze your business & help you develop strategies for growth: a good business plan, financial analysis, and a marketing plan that’s on target. Short, practical seminars help you strengthen your business skills.
Fund Your Business
Questions about loans? Looking for grants?
We can help you identify sources of financing and develop a financing proposal, whether you’re just starting, or ready to grow. We can help with traditional and innovative solutions.
Event Calendar
Local events hosted by ASBDC small business experts can help you learn quickly to get your business on the road to success.
Go International
Not sure if you’re ready to export? Already exporting to 40 countries? Either way, the trade specialists at AITC are ready to help
Sell to the Government
Identify new government opportunities or get assistance with bid document preparation. Our expert technical assistance will guide you through the challenge of procurement contracting. Sign up for our free Bid-Matching service!